NASDAQ:TCMD

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

$14.57
-0.08 (-0.55%)
(As of 04/23/2024 ET)
Today's Range
$14.57
$14.94
50-Day Range
$13.88
$16.75
52-Week Range
$9.69
$26.11
Volume
104,570 shs
Average Volume
283,769 shs
Market Capitalization
$346.18 million
P/E Ratio
12.14
Dividend Yield
N/A
Price Target
$30.00

Tactile Systems Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
105.9% Upside
$30.00 Price Target
Short Interest
Healthy
4.97% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.38mentions of Tactile Systems Technology in the last 14 days
Based on 4 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.

4.31 out of 5 stars

Medical Sector

118th out of 909 stocks

Surgical & Medical Instruments Industry

18th out of 91 stocks

TCMD stock logo

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

TCMD Stock News Headlines

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SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Tactile Systems Technology Inc (TCMD)
TCMD Apr 2024 30.000 call
TCMD Jul 2024 17.500 put
Q4 2023 Tactile Systems Technology Inc Earnings Call
Tactile Systems Tech's Earnings Outlook
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
N/A
Current Symbol
NASDAQ:TCMD
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
+105.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$28.51 million
Pretax Margin
5.75%

Debt

Sales & Book Value

Annual Sales
$274.42 million
Cash Flow
$1.55 per share
Book Value
$8.24 per share

Miscellaneous

Free Float
23,426,000
Market Cap
$346.18 million
Optionable
Optionable
Beta
1.19
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Key Executives

  • Mr. Daniel L. ReuversMr. 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

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 twelve months. 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 Wall Street analysts have issued 1-year target prices for Tactile Systems Technology's shares. Their TCMD share price targets range from $30.00 to $30.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 105.9% 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 at the beginning of the year. Since then, TCMD shares have increased by 1.9% and is now trading at $14.57.
View the best growth stocks for 2024 here
.

Are investors shorting Tactile Systems Technology?

Tactile Systems Technology saw a drop in short interest during 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 days-to-cover ratio is currently 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 quarterly 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 business had revenue of $77.65 million for the quarter, compared to the consensus estimate of $78.85 million. Tactile Systems Technology had a trailing twelve-month return on equity of 17.08% and a net margin of 10.39%. During the same period last year, the business posted $0.29 EPS.

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

Tactile Systems Technology issued an update on its first quarter 2024 earnings guidance on Tuesday, April, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $61.0 million-$61.0 million, compared to the consensus revenue estimate of $59.2 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 retail and institutional investors. Top institutional investors include Wasatch Advisors LP (2.25%), Rice Hall James & Associates LLC (0.75%), Allspring Global Investments Holdings LLC (0.11%) and Arcadia Investment Management Corp MI (0.01%). 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 4/24/2024 by MarketBeat.com Staff

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