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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last year. There are currently 1 buy rating 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?

1 brokerages have issued 12 month price targets for Tactile Systems Technology's shares. Their TCMD share price targets range from $30.00 to $30.00. On average, they predict the company's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 112.2% 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 2024?

Tactile Systems Technology's stock was trading at $14.30 on January 1st, 2024. Since then, TCMD shares have decreased by 1.1% and is now trading at $14.14. View the best growth stocks for 2024 here .

Are investors shorting Tactile Systems Technology?

Tactile Systems Technology saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,180,000 shares, a drop of 19.7% from the March 15th total of 1,470,000 shares. Based on an average trading volume of 300,700 shares, the short-interest ratio is presently 3.9 days. View Tactile Systems Technology's Short Interest .

When is Tactile Systems Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024. View our TCMD earnings forecast .

How can I listen to Tactile Systems Technology's earnings call?

Tactile Systems Technology will be holding an earnings conference call on Monday, May 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745955".

How were Tactile Systems Technology's earnings last quarter?

Tactile Systems Technology, Inc. (NASDAQ:TCMD) released its earnings results on Tuesday, February, 20th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.25. The firm earned $77.65 million during the quarter, compared to analysts' expectations of $78.85 million. Tactile Systems Technology had a net margin of 10.39% and a trailing twelve-month return on equity of 17.08%. During the same period in the previous year, the company earned $0.29 earnings per share.

What guidance has Tactile Systems Technology issued on next quarter's earnings?

Tactile Systems Technology updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $300.0 million-$305.0 million, compared to the consensus revenue estimate of $309.2 million.

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?

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

Who are Tactile Systems Technology's major shareholders?

Tactile Systems Technology's stock is owned by many different institutional and retail investors. Top institutional investors include Wasatch Advisors LP (2.25%) and Allspring Global Investments Holdings LLC (0.11%). Insiders that own company stock include Brent Moen, Daniel L Reuvers , Kristie Burns and William W Burke . View institutional ownership trends .

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

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$14.14

-0.02 (-0.14%)

(As of 04/18/2024 ET)

Compare

Today's Range: $14.11
▼
$14.44
50-Day Range: $13.88
▼
$16.75
52-Week Range: $9.69
▼
$26.11

Volume: 125,145 shs
Average Volume: 182,371 shs
Market Capitalization: $335.97 million

P/E Ratio: 11.78
Dividend Yield: N/A
Price Target: $30.00

Get Tactile Systems Technology alerts:

Tactile Systems Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 112.2% Upside
$30.00 Price Target
Short Interest: Healthy
4.97% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.68
Based on 6 Articles This Week
Insider Trading: Selling Shares
$268,820 Sold Last Quarter
Proj. Earnings Growth: 57.14%
From $0.56 to $0.88 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.36 out of 5 stars

Medical Sector

110th out of 918 stocks

Surgical & Medical Instruments Industry

17th out of 91 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 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Tactile Systems Technology has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
4.97% 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 3.9, 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 decreased by 19.73%, indicating that investor sentiment is improving 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.

3.2

News and Social Media Coverage

News Sentiment
Tactile Systems Technology has a news sentiment score of 0.68. 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 higher news sentiment than the 0.53 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Tactile Systems Technology this week, compared to 2 articles on an average week.
Search Interest
16 people have searched for TCMD on MarketBeat in the last 30 days. This is an increase of 1,500% 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 -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tactile Systems Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $268,820.00 in company stock.
Percentage Held by Insiders
Only 0.96% of the stock of Tactile Systems Technology is held by insiders.
Percentage Held by Institutions
83.43% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Tactile Systems Technology are expected to grow by 57.14% in the coming year, from $0.56 to $0.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tactile Systems Technology is 11.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tactile Systems Technology is 11.78, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 270.35.
Price to Book Value per Share Ratio
Tactile Systems Technology has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Tactile Systems Technology Stock (NASDAQ:TCMD)

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. The company also provides Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, and treatment, as well as to share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest to treat patients with retained pulmonary secretions resulting from bronchiectasis, cystic fibrosis, and various neuromuscular disorders. Tactile Systems Technology, Inc. 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

April 18, 2024 | finance.yahoo.com

Tactile Systems Technology (TCMD) Stock Moves -0.14%: What You Should Know

April 17, 2024 | msn.com

Here is What to Know Beyond Why Tactile Systems Technology, Inc. (TCMD) is a Trending Stock

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 15, 2024 | globenewswire.com

Tactile Medical to Release First Quarter of Fiscal Year 2024 Financial Results on May 6, 2024

April 15, 2024 | americanbankingnews.com

Short Interest in Tactile Systems Technology, Inc. (NASDAQ:TCMD) Decreases By 19.7%

April 12, 2024 | investorplace.com

New AI Bot Predicts These 7 Stocks Will Mint Millionaires

April 10, 2024 | finance.yahoo.com

Tactile Systems Technology (NASDAQ:TCMD) Is Doing The Right Things To Multiply Its Share Price

March 27, 2024 | uk.investing.com

Tactile Systems Technology Inc (TCMD)

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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March 17, 2024 | finance.yahoo.com

TCMD Apr 2024 30.000 call

March 16, 2024 | finance.yahoo.com

TCMD Jul 2024 17.500 put

February 21, 2024 | markets.businessinsider.com

Analysts Are Bullish on These Healthcare Stocks: Bicycle Therapeutics (BCYC), Tactile Systems Technology (TCMD)

February 21, 2024 | finance.yahoo.com

Tactile Systems Technology Full Year 2023 Earnings: EPS Beats Expectations

February 21, 2024 | finance.yahoo.com

Tactile Systems Technology, Inc. (NASDAQ:TCMD) Q4 2023 Earnings Call Transcript

February 21, 2024 | finance.yahoo.com

Q4 2023 Tactile Systems Technology Inc Earnings Call

February 20, 2024 | fool.com

Why Tactile Systems Technology Stock Dropped Today

February 20, 2024 | fool.com

Why Tactile Systems Technology Stock Dropped Today

February 20, 2024 | finance.yahoo.com

Tactile Systems Technology (TCMD) Beats Q4 Earnings Estimates

February 20, 2024 | msn.com

Tactile Systems Technology GAAP EPS of $0.35 beats by $0.16, revenue of $77.7M misses by $0.65M

February 20, 2024 | finance.yahoo.com

Tactile Systems Technology, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results; Introduces Full Year 2024 Outlook

February 20, 2024 | finance.yahoo.com

Tactile Systems Technology Inc (TCMD) Reports Strong Year-Over-Year Growth in 2023

February 20, 2024 | globenewswire.com

Tactile Systems Technology, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results; Introduces Full Year 2024 Outlook

February 19, 2024 | sg.finance.yahoo.com

Is Leifheit Aktiengesellschaft's (ETR:LEI) Stock On A Downtrend As A Result Of Its Poor Financials?

February 19, 2024 | sg.news.yahoo.com

India's Paytm shares jump 5% after central bank extends unit wind-down date

February 19, 2024 | sg.finance.yahoo.com

Santander announces new share buyback programme of 1.46 billion euros

February 19, 2024 | benzinga.com

Tactile Systems Tech's Earnings Outlook

February 18, 2024 | sg.news.yahoo.com

Indian shares set to open higher

See More Headlines

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Company Calendar

Last Earnings: 2/20/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/06/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Surgical & medical instruments
Sub-Industry: N/A
Current Symbol: NASDAQ:TCMD
CUSIP: N/A
CIK: 1027838
Web: www.tactilemedical.com
Phone: (612) 355-5100
Fax: 866-435-3949
Employees: 992
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $30.00
High Stock Price Target: $30.00
Low Stock Price Target: $30.00
Potential Upside/Downside: +112.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.20
Trailing P/E Ratio: 11.78
Forward P/E Ratio: 25.25
P/E Growth: N/A
Net Income: $28.51 million
Net Margins: 10.39%
Pretax Margin: 5.75%
Return on Equity: 17.08%
Return on Assets: 10.50%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 3.54
Quick Ratio: 2.99

Sales & Book Value

Annual Sales: $274.42 million
Price / Sales: 1.22
Cash Flow: $1.51 per share
Price / Cash Flow: 9.37
Book Value: $8.24 per share
Price / Book: 1.72

Miscellaneous

Outstanding Shares: 23,760,000
Free Float: 23,531,000
Market Cap: $335.97 million
Optionable: Optionable
Beta: 1.19

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Key Executives

Mr. Daniel L. Reuvers (Age 61)
President, CEO & Director
Comp: $1.22M
Ms. Kristie T. Burns (Age 52)
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?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last year. There are currently 1 buy rating 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?: 1 brokerages have issued 12 month price targets for Tactile Systems Technology's shares. Their TCMD share price targets range from $30.00 to $30.00. On average, they predict the company's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 112.2% 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 2024?: Tactile Systems Technology's stock was trading at $14.30 on January 1st, 2024. Since then, TCMD shares have decreased by 1.1% and is now trading at $14.14.
View the best growth stocks for 2024 here.
Are investors shorting Tactile Systems Technology?: Tactile Systems Technology saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,180,000 shares, a drop of 19.7% from the March 15th total of 1,470,000 shares. Based on an average trading volume of 300,700 shares, the short-interest ratio is presently 3.9 days.
View Tactile Systems Technology's Short Interest.
When is Tactile Systems Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our TCMD earnings forecast.
How can I listen to Tactile Systems Technology's earnings call?: Tactile Systems Technology will be holding an earnings conference call on Monday, May 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745955".
How were Tactile Systems Technology's earnings last quarter?: Tactile Systems Technology, Inc. (NASDAQ:TCMD) released its earnings results on Tuesday, February, 20th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.25. The firm earned $77.65 million during the quarter, compared to analysts' expectations of $78.85 million. Tactile Systems Technology had a net margin of 10.39% and a trailing twelve-month return on equity of 17.08%. During the same period in the previous year, the company earned $0.29 earnings per share.

What guidance has Tactile Systems Technology issued on next quarter's earnings?: Tactile Systems Technology updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $300.0 million-$305.0 million, compared to the consensus revenue estimate of $309.2 million.
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?: Tactile Systems Technology (TCMD) raised $40 million in an initial public offering on Thursday, July 28th 2016. The company issued 4,000,000 shares at a price of $10.00 per share. Piper Jaffray, William Blair and Canaccord Genuity served as the underwriters for the IPO and BTIG was co-manager.
Who are Tactile Systems Technology's major shareholders?: Tactile Systems Technology's stock is owned by many different institutional and retail investors. Top institutional investors include Wasatch Advisors LP (2.25%) and Allspring Global Investments Holdings LLC (0.11%). Insiders that own company stock include Brent Moen, Daniel L Reuvers, Kristie Burns and William W Burke.
View institutional ownership trends.
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 4/19/2024 by MarketBeat.com Staff

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

Tactile Systems Technology MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Tactile Systems Technology Stock (NASDAQ:TCMD)

TCMD Stock Price History

TCMD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

TCMD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™