Tactile Systems Technology Inc (NASDAQ:TCMD) – William Blair upped their FY2016 earnings per share (EPS) estimates for shares of Tactile Systems Technology in a research report issued to clients and investors on Friday. William Blair analyst M. Kaczor now anticipates that the brokerage will post earnings of $0.08 per share for the year, up from their previous forecast of $0.05. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Tactile Systems Technology’s Q4 2016 earnings at $0.03 EPS, Q3 2017 earnings at $0.04 EPS, FY2017 earnings at $0.08 EPS and FY2018 earnings at $0.10 EPS.

TCMD has been the subject of several other reports. Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, October 25th. Canaccord Genuity set a $25.00 target price on Tactile Systems Technology and gave the stock a “buy” rating in a research report on Friday, November 11th. BTIG Research initiated coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They set a “buy” rating and a $18.00 target price for the company. Finally, Piper Jaffray Cos. initiated coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They set an “overweight” rating and a $17.00 target price for the company. Five research analysts have rated the stock with a buy rating, Tactile Systems Technology has a consensus rating of “Buy” and an average target price of $20.50.

Earnings History and Estimates for Tactile Systems Technology (NASDAQ:TCMD)

Tactile Systems Technology (NASDAQ:TCMD) opened at 17.54 on Monday. The firm has a 50-day moving average price of $18.36 and a 200-day moving average price of $16.58. The firm has a market capitalization of $293.72 million and a PE ratio of 1594.55. Tactile Systems Technology has a 1-year low of $10.00 and a 1-year high of $22.29.

Tactile Systems Technology (NASDAQ:TCMD) last posted its earnings results on Thursday, November 10th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The business earned $22.64 million during the quarter. During the same period last year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 34.6% on a year-over-year basis.

In other Tactile Systems Technology news, Director Richard Nigon purchased 18,750 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was purchased at an average cost of $16.87 per share, for a total transaction of $316,312.50. Following the acquisition, the director now owns 8,322 shares in the company, valued at approximately $140,392.14. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

A number of hedge funds have recently modified their holdings of TCMD. AWM Investment Company Inc. acquired a new stake in shares of Tactile Systems Technology during the third quarter worth $10,285,000. Wasatch Advisors Inc. acquired a new stake in shares of Tactile Systems Technology during the third quarter worth $2,431,000. Perkins Capital Management Inc. acquired a new stake in shares of Tactile Systems Technology during the third quarter worth $1,813,000. Spark Investment Management LLC acquired a new stake in shares of Tactile Systems Technology during the third quarter worth $1,497,000. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in shares of Tactile Systems Technology during the third quarter worth $1,122,000.

About Tactile Systems Technology

Tactile Systems Technology, Inc is a medical technology company. The Company develops and provides medical devices for the treatment of chronic diseases at home. The Company focuses on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

5 Day Chart for NASDAQ:TCMD

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