Tactile Systems Technology (NASDAQ:TCMD) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, ValuEngine reports.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Tactile Systems Technology from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th. Northland Securities reaffirmed a “hold” rating and issued a $50.00 price target on shares of Tactile Systems Technology in a research report on Friday, March 22nd. Piper Jaffray Companies upped their price target on shares of Tactile Systems Technology to $84.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Guggenheim upped their price target on shares of Tactile Systems Technology from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Zacks Investment Research cut shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $75.80.

Shares of TCMD stock opened at $50.21 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.30 and a current ratio of 4.96. The stock has a market capitalization of $987.78 million, a price-to-earnings ratio of 147.68, a P/E/G ratio of 5.28 and a beta of 2.08. Tactile Systems Technology has a one year low of $37.40 and a one year high of $76.63.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.20. Tactile Systems Technology had a net margin of 5.27% and a return on equity of 8.17%. The firm had revenue of $37.60 million during the quarter, compared to analysts’ expectations of $33.30 million. The company’s revenue was up 40.3% compared to the same quarter last year. On average, equities analysts forecast that Tactile Systems Technology will post 0.5 EPS for the current fiscal year.

In related news, COO Robert J. Folkes sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $70.36, for a total transaction of $175,900.00. Following the completion of the sale, the chief operating officer now owns 111,654 shares of the company’s stock, valued at $7,855,975.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bryan Rishe sold 3,000 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $69.44, for a total transaction of $208,320.00. Following the sale, the senior vice president now directly owns 54,143 shares of the company’s stock, valued at approximately $3,759,689.92. The disclosure for this sale can be found here. Insiders sold a total of 114,439 shares of company stock valued at $7,705,632 in the last ninety days. Corporate insiders own 6.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Tactile Systems Technology by 1.7% during the fourth quarter. BlackRock Inc. now owns 2,645,719 shares of the company’s stock valued at $120,512,000 after acquiring an additional 43,915 shares during the last quarter. Vanguard Group Inc lifted its position in Tactile Systems Technology by 6.8% during the third quarter. Vanguard Group Inc now owns 1,010,783 shares of the company’s stock valued at $71,816,000 after acquiring an additional 63,944 shares during the last quarter. Vanguard Group Inc. lifted its position in Tactile Systems Technology by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,010,783 shares of the company’s stock valued at $71,816,000 after acquiring an additional 63,944 shares during the last quarter. Janus Henderson Group PLC lifted its position in Tactile Systems Technology by 16.4% during the first quarter. Janus Henderson Group PLC now owns 839,304 shares of the company’s stock valued at $44,248,000 after acquiring an additional 118,522 shares during the last quarter. Finally, Ranger Investment Management L.P. increased its stake in Tactile Systems Technology by 622.8% during the 4th quarter. Ranger Investment Management L.P. now owns 415,473 shares of the company’s stock valued at $18,925,000 after purchasing an additional 357,988 shares in the last quarter. 96.78% of the stock is owned by institutional investors.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.

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Analyst Recommendations for Tactile Systems Technology (NASDAQ:TCMD)

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