Should I buy or sell Tactile Systems Technology stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TCMD shares. View TCMD analyst ratings or view top-rated stocks .

What is Tactile Systems Technology's stock price target for 2024?

2 equities research analysts have issued 1-year target prices for Tactile Systems Technology's stock. Their TCMD share price targets range from $28.00 to $30.00. On average, they anticipate the company's stock price to reach $29.33 in the next year. This suggests a possible upside of 105.1% from the stock's current price. View analysts price targets for TCMD or view top-rated stocks among Wall Street analysts .

How have TCMD shares performed in 2023?

Tactile Systems Technology's stock was trading at $11.48 at the start of the year. Since then, TCMD shares have increased by 24.6% and is now trading at $14.30. View the best growth stocks for 2023 here .

When is Tactile Systems Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024. View our TCMD earnings forecast .

How were Tactile Systems Technology's earnings last quarter?

Tactile Systems Technology, Inc. (NASDAQ:TCMD) posted its earnings results on Monday, November, 6th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.82. The company had revenue of $69.59 million for the quarter, compared to analysts' expectations of $69.38 million. Tactile Systems Technology had a net margin of 9.21% and a trailing twelve-month return on equity of 17.10%.

What ETF holds Tactile Systems Technology's stock ?

Invesco Dorsey Wright Healthcare Momentum ETF holds 69,079 shares of TCMD stock, representing 0.95% of its portfolio.

What is Dan Reuvers' approval rating as Tactile Systems Technology's CEO?

1 employees have rated Tactile Systems Technology Chief Executive Officer Dan Reuvers on Glassdoor.com . Dan Reuvers has an approval rating of 100% among the company's employees. This puts Dan Reuvers in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Tactile Systems Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tactile Systems Technology investors own include Sangamo Therapeutics (SGMO) , Xtrackers California Municipal Bond ETF (CA) , InterDigital (IDCC) , BlackRock (BLK) , Bank of Hawaii (BOH) , STAG Industrial (STAG) , Chipotle Mexican Grill (CMG) , Endologix (ELGX) , Micron Technology (MU) and Vista Outdoor (VSTO) .

When did Tactile Systems Technology IPO?

(TCMD) raised $40 million in an initial public offering on Thursday, July 28th 2016. The company issued 4,000,000 shares at $10.00 per share. Piper Jaffray, William Blair and Canaccord Genuity acted as the underwriters for the IPO and BTIG was co-manager.

How do I buy shares of Tactile Systems Technology?

Shares of TCMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:TCMD

Tactile Systems Technology (TCMD) Stock Price, News & Analysis

$14.30

-0.28 (-1.92%)

(As of 12/29/2023 ET)

Compare

Today's Range: $14.19
▼
$14.67
50-Day Range: $9.95
▼
$14.73
52-Week Range: $9.69
▼
$26.11

Volume: 347,872 shs
Average Volume: 336,929 shs
Market Capitalization: $336.05 million

P/E Ratio: 13.24
Dividend Yield: N/A
Price Target: $29.33

Tactile Systems Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 105.1% Upside
$29.33 Price Target
Short Interest: Healthy
3.08% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.10
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -58.00%
From $1.00 to $0.42 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Medical Sector

480th out of 950 stocks

Surgical & Medical Instruments Industry

50th out of 92 stocks

3.5

Analyst's Opinion

Consensus Rating
Tactile Systems Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $29.33, Tactile Systems Technology has a forecasted upside of 105.1% from its current price of $14.30.
Amount of Analyst Coverage
Tactile Systems Technology has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.08% of the outstanding shares of Tactile Systems Technology have been sold short.
Short Interest Ratio / Days to Cover
Tactile Systems Technology has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tactile Systems Technology has recently increased by 34.61%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Tactile Systems Technology does not currently pay a dividend.
Dividend Growth
Tactile Systems Technology does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TCMD.

1.7

News and Social Media Coverage

News Sentiment
Tactile Systems Technology has a news sentiment score of 0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.84 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Tactile Systems Technology this week, compared to 1 article on an average week.
Search Interest
Only 7 people have searched for TCMD on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Tactile Systems Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tactile Systems Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.96% of the stock of Tactile Systems Technology is held by insiders.
Percentage Held by Institutions
85.97% of the stock of Tactile Systems Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Tactile Systems Technology are expected to decrease by -58.00% in the coming year, from $1.00 to $0.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tactile Systems Technology is 13.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 105.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tactile Systems Technology is 13.24, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 69.04.
Price to Book Value per Share Ratio
Tactile Systems Technology has a P/B Ratio of 2.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Tactile Systems Technology Stock (NASDAQ:TCMD)

Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices for the treatment of underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre 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; Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, treatment, and share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest for the treatment of retained pulmonary secretions, such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders. The company was incorporated in 1995 and is headquartered in Minneapolis, Minnesota.

TCMD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TCMD Stock News Headlines

December 28, 2023 | finance.yahoo.com

Tactile Systems Technology (NASDAQ:TCMD) investors are sitting on a loss of 67% if they invested three years ago

December 28, 2023 | msn.com

'Most Suspicious Congressional Stock Trade?' Little-Known Med Tech Firm Surges 48% In Just 2 Months After Senator Tina Smith Bought The Dip

December 31, 2023 | MarketBeat Internal (Ad)

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December 13, 2023 | markets.businessinsider.com

Analysts Offer Insights on Healthcare Companies: Tactile Systems Technology (TCMD) and Inari Medical (NARI)

December 5, 2023 | finance.yahoo.com

At US$13.68, Is It Time To Put Tactile Systems Technology, Inc. (NASDAQ:TCMD) On Your Watch List?

November 28, 2023 | investing.com

Scrutiny Intensifies Over Senator Smith's Timely Investment in Tactile Systems

November 21, 2023 | benzinga.com

Recent Filing Shows That Sen. Tina Smith Bought Over $100K Worth of Tactile Systems Tech Stock

November 19, 2023 | finance.yahoo.com

Declining Stock and Decent Financials: Is The Market Wrong About Tactile Systems Technology, Inc. (NASDAQ:TCMD)?

December 31, 2023 | MarketBeat Internal (Ad)

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November 11, 2023 | morningstar.com

Tactile Systems Technology Inc TCMD

November 8, 2023 | markets.businessinsider.com

Piper Sandler Reaffirms Their Buy Rating on Tactile Systems Technology (TCMD)

November 7, 2023 | insidermonkey.com

Tactile Systems Technology, Inc. (NASDAQ:TCMD) Q3 2023 Earnings Call Transcript

November 6, 2023 | finance.yahoo.com

Tactile Systems Technology, Inc. Reports Third Quarter 2023 Financial Results; Updates Full Year 2023 Outlook

November 6, 2023 | finance.yahoo.com

Tactile Systems Technology Inc (TCMD) Reports 6.6% Revenue Increase in Q3 2023

November 6, 2023 | msn.com

Snap Up These 4 Stocks With Solid Net Profit Margin for Gains

November 3, 2023 | finance.yahoo.com

Tactile Systems Technology (TCMD) Surges 5.8%: Is This an Indication of Further Gains?

November 2, 2023 | finance.yahoo.com

Some Investors May Be Worried About Tactile Systems Technology's (NASDAQ:TCMD) Returns On Capital

October 3, 2023 | finance.yahoo.com

Tactile Medical to Release Third Quarter of Fiscal Year 2023 Financial Results on November 6, 2023

October 2, 2023 | finance.yahoo.com

Tactile Medical Appoints Vindell Washington, M.D. to Board of Directors

September 25, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in Tactile Systems (TCMD) Stock?

September 7, 2023 | finance.yahoo.com

Tactile Medical to Participate in Two Upcoming Conferences in September

August 31, 2023 | finance.yahoo.com

Tactile Medical to Present at the 2023 Wells Fargo Healthcare Conference

August 10, 2023 | finance.yahoo.com

Tactile Systems Technology, Inc. (NASDAQ:TCMD) Q2 2023 Earnings Call Transcript

August 8, 2023 | finance.yahoo.com

Tactile Systems Technology, Inc. Reports Second Quarter 2023 Financial Results; Updates Full Year 2023 Outlook

August 8, 2023 | finance.yahoo.com

Tactile Systems Technology (TCMD) Q2 Earnings and Revenues Beat Estimates

July 29, 2023 | fool.com

Tactile Systems Technology (NASDAQ: TCMD)

July 21, 2023 | finance.yahoo.com

Tactile Systems Technology (NASDAQ:TCMD) shareholders are still up 209% over 1 year despite pulling back 9.6% in the past week

See More Headlines

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Company Calendar

Last Earnings: 11/06/2023
Today: 12/31/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/20/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surgical & medical instruments
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:TCMD
CUSIP: N/A
CIK: 1027838
Web: www.tactilemedical.com
Phone: (612) 355-5100
Fax: 866-435-3949
Employees: 982
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $29.33
High Stock Price Target: $30.00
Low Stock Price Target: $28.00
Potential Upside/Downside: +105.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.08
Trailing P/E Ratio: 13.24
Forward P/E Ratio: 14.30
P/E Growth: N/A
Net Income: $-17,870,000.00
Net Margins: 9.21%
Pretax Margin: 4.03%
Return on Equity: 17.10%
Return on Assets: 9.65%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 3.33
Quick Ratio: 2.81

Sales & Book Value

Annual Sales: $246.79 million
Price / Sales: 1.36
Cash Flow: $0.13 per share
Price / Cash Flow: 108.56
Book Value: $6.02 per share
Price / Book: 2.38

Miscellaneous

Outstanding Shares: 23,500,000
Free Float: 23,272,000
Market Cap: $336.05 million
Optionable: Optionable
Beta: 1.37

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Key Executives

Mr. Daniel L. Reuvers (Age 60)
President, CEO & Director
Comp: $1.22M
Ms. Kristie T. Burns (Age 51)
Senior Vice President of Marketing & Clinical Affairs
Comp: $538.82k
Ms. Elaine M. Birkemeyer
Chief Financial Officer
Mr. Jerry A. Sauber
Senior Vice President of Manufacturing, Operations, R&D
Mr. John David Kaercher
Chief Information Officer
Ms. Sunday J. Hoy Esq.
VP & Compliance Officer
Ms. Sherri Ferstler
Senior Vice President of Sales
Janelle M. Strop
Chief Human Resource Officer
Dr. Antonios P. Gasparis F.A.C.S.
M.D., Chief Medical Officer & Member of Vascular Strategic Advisory Board
Rachel L. Gustad
Senior Vice President of Commercial Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TCMD Stock Analysis - Frequently Asked Questions

Should I buy or sell Tactile Systems Technology stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TCMD shares.
View TCMD analyst ratings or view top-rated stocks.
What is Tactile Systems Technology's stock price target for 2024?: 2 equities research analysts have issued 1-year target prices for Tactile Systems Technology's stock. Their TCMD share price targets range from $28.00 to $30.00. On average, they anticipate the company's stock price to reach $29.33 in the next year. This suggests a possible upside of 105.1% from the stock's current price.
View analysts price targets for TCMD or view top-rated stocks among Wall Street analysts.
How have TCMD shares performed in 2023?: Tactile Systems Technology's stock was trading at $11.48 at the start of the year. Since then, TCMD shares have increased by 24.6% and is now trading at $14.30.
View the best growth stocks for 2023 here.
When is Tactile Systems Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our TCMD earnings forecast.
How were Tactile Systems Technology's earnings last quarter?: Tactile Systems Technology, Inc. (NASDAQ:TCMD) posted its earnings results on Monday, November, 6th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.82. The company had revenue of $69.59 million for the quarter, compared to analysts' expectations of $69.38 million. Tactile Systems Technology had a net margin of 9.21% and a trailing twelve-month return on equity of 17.10%.
What ETF holds Tactile Systems Technology's stock ?: Invesco Dorsey Wright Healthcare Momentum ETF holds 69,079 shares of TCMD stock, representing 0.95% of its portfolio.

What is Dan Reuvers' approval rating as Tactile Systems Technology's CEO?: 1 employees have rated Tactile Systems Technology Chief Executive Officer Dan Reuvers on Glassdoor.com. Dan Reuvers has an approval rating of 100% among the company's employees. This puts Dan Reuvers in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Tactile Systems Technology own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Tactile Systems Technology investors own include Sangamo Therapeutics (SGMO), Xtrackers California Municipal Bond ETF (CA), InterDigital (IDCC), BlackRock (BLK), Bank of Hawaii (BOH), STAG Industrial (STAG), Chipotle Mexican Grill (CMG), Endologix (ELGX), Micron Technology (MU) and Vista Outdoor (VSTO).
When did Tactile Systems Technology IPO?: (TCMD) raised $40 million in an initial public offering on Thursday, July 28th 2016. The company issued 4,000,000 shares at $10.00 per share. Piper Jaffray, William Blair and Canaccord Genuity acted as the underwriters for the IPO and BTIG was co-manager.
How do I buy shares of Tactile Systems Technology?: Shares of TCMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TCMD) was last updated on 12/31/2023 by MarketBeat.com Staff

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