Somewhat Critical Press Coverage Somewhat Unlikely to Affect Tactile Systems Technology (TCMD) Stock Price
Media stories about Tactile Systems Technology (NASDAQ:TCMD) have trended somewhat negative recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tactile Systems Technology earned a news impact score of 0.00 on Accern’s scale. Accern also gave media stories about the company an impact score of 44.9032780519521 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of brokerages have recently commented on TCMD. Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, June 20th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 price target (up from $28.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 8th. ValuEngine raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Finally, Piper Jaffray Companies boosted their price target on Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Tactile Systems Technology currently has an average rating of “Buy” and an average target price of $34.00.
Tactile Systems Technology (NASDAQ TCMD) traded down 0.10% during trading on Friday, reaching $30.95. The company had a trading volume of 342,216 shares. Tactile Systems Technology has a 12-month low of $14.37 and a 12-month high of $37.88. The stock has a market capitalization of $544.29 million, a P/E ratio of 117.23 and a beta of 0.35. The stock has a 50 day moving average of $32.90 and a 200-day moving average of $25.64.
Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Monday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.03. Tactile Systems Technology had a net margin of 4.97% and a return on equity of 3.05%. The business had revenue of $26.30 million for the quarter, compared to analyst estimates of $23.88 million. During the same period in the previous year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, analysts forecast that Tactile Systems Technology will post $0.28 earnings per share for the current fiscal year.
In other Tactile Systems Technology news, COO Robert J. Folkes sold 2,955 shares of Tactile Systems Technology stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $28.16, for a total value of $83,212.80. Following the transaction, the chief operating officer now directly owns 134,292 shares of the company’s stock, valued at $3,781,662.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $32.86, for a total transaction of $49,290.00. Following the completion of the transaction, the vice president now directly owns 109,807 shares in the company, valued at $3,608,258.02. The disclosure for this sale can be found here. Insiders sold 1,078,547 shares of company stock worth $33,498,171 over the last ninety days. Corporate insiders own 49.90% of the company’s stock.
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Tactile Systems Technology Company Profile
Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.
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