StockNews.com Downgrades Tactile Systems Technology (NASDAQ:TCMD) to Buy

StockNews.com downgraded shares of Tactile Systems Technology (NASDAQ:TCMDFree Report) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday morning.

Tactile Systems Technology Stock Performance

NASDAQ TCMD opened at $13.73 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.26 and a quick ratio of 3.63. Tactile Systems Technology has a 1-year low of $9.69 and a 1-year high of $26.11. The business has a 50 day simple moving average of $14.99 and a two-hundred day simple moving average of $14.30. The stock has a market capitalization of $326.22 million, a PE ratio of 11.44 and a beta of 1.23.

Tactile Systems Technology (NASDAQ:TCMDGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.25. The company had revenue of $77.65 million for the quarter, compared to analysts’ expectations of $78.85 million. Tactile Systems Technology had a net margin of 10.19% and a return on equity of 15.88%. During the same quarter in the previous year, the business posted $0.29 earnings per share. On average, research analysts predict that Tactile Systems Technology will post 0.58 EPS for the current fiscal year.

Insider Activity

In other Tactile Systems Technology news, VP Kristie Burns sold 2,015 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.90, for a total value of $32,038.50. Following the sale, the vice president now owns 63,512 shares in the company, valued at $1,009,840.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Kristie Burns sold 2,015 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $15.90, for a total transaction of $32,038.50. Following the transaction, the vice president now directly owns 63,512 shares of the company’s stock, valued at $1,009,840.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William W. Burke sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $14.06, for a total value of $35,150.00. Following the completion of the transaction, the director now directly owns 25,273 shares in the company, valued at approximately $355,338.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,835 shares of company stock valued at $315,682. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tactile Systems Technology

Large investors have recently bought and sold shares of the business. Tidal Investments LLC acquired a new stake in shares of Tactile Systems Technology in the 1st quarter worth $189,000. Janus Henderson Group PLC purchased a new stake in Tactile Systems Technology in the first quarter valued at $815,000. Price T Rowe Associates Inc. MD boosted its holdings in Tactile Systems Technology by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,371 shares of the company’s stock worth $283,000 after buying an additional 1,159 shares in the last quarter. Acadian Asset Management LLC grew its position in Tactile Systems Technology by 17.4% during the first quarter. Acadian Asset Management LLC now owns 120,112 shares of the company’s stock valued at $1,950,000 after buying an additional 17,810 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Tactile Systems Technology by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,383,366 shares of the company’s stock valued at $22,480,000 after acquiring an additional 13,350 shares during the period. Institutional investors own 83.43% of the company’s stock.

About Tactile Systems Technology

(Get Free Report)

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.

See Also

Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.