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

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.
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1 brokerages have issued 1-year price targets for Tactile Systems Technology's stock. Their TCMD share price targets range from $30.00 to $30.00. On average, they anticipate the company's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 111.1% from the stock's current price.
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Tactile Systems Technology's stock was trading at $14.30 at the beginning of the year. Since then, TCMD stock has decreased by 0.6% and is now trading at $14.21.
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Tactile Systems Technology saw a decrease in short interest in March. As of March 31st, there was short interest totaling 1,180,000 shares, a decrease of 19.7% from the March 15th total of 1,470,000 shares. Based on an average daily volume of 300,700 shares, the days-to-cover ratio is presently 3.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
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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".

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 company earned $77.65 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $0.29 EPS.

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.

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.

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).

Tactile Systems Technology (TCMD) raised $40 million in an IPO 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.

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.
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