Tactile Systems Technology (NASDAQ:TCMD) Upgraded to Strong-Buy at StockNews.com

Tactile Systems Technology (NASDAQ:TCMD) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Tactile Systems Technology Trading Down 4.1 %

NASDAQ:TCMD opened at $13.85 on Tuesday. Tactile Systems Technology has a 1 year low of $9.69 and a 1 year high of $26.11. The stock has a market cap of $329.08 million, a P/E ratio of 11.54 and a beta of 1.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.99 and a current ratio of 3.54. The stock has a 50-day simple moving average of $15.21 and a 200-day simple moving average of $14.19.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.25. The company had revenue of $77.65 million during the quarter, compared to the consensus estimate of $78.85 million. Tactile Systems Technology had a net margin of 10.39% and a return on equity of 17.08%. During the same quarter in the prior year, the firm posted $0.29 earnings per share. As a group, analysts anticipate that Tactile Systems Technology will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Tactile Systems Technology

In related news, VP Kristie Burns sold 2,015 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.90, for a total transaction of $32,038.50. Following the sale, the vice president now owns 63,512 shares of the company’s stock, valued at $1,009,840.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Kristie Burns sold 2,015 shares of the stock in a transaction dated Monday, February 26th. The stock was 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 in the company, valued at $1,009,840.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel L. Reuvers sold 6,239 shares of Tactile Systems Technology stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.81, for a total value of $98,638.59. Following the completion of the transaction, the chief executive officer now owns 244,112 shares in the company, valued at approximately $3,859,410.72. The disclosure for this sale can be found here. Insiders sold a total of 18,335 shares of company stock worth $280,532 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TCMD. Arcadia Investment Management Corp MI increased its stake in Tactile Systems Technology by 94.8% during the 1st quarter. Arcadia Investment Management Corp MI now owns 1,570 shares of the company’s stock worth $25,000 after buying an additional 764 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Tactile Systems Technology during the third quarter worth about $29,000. Palisade Asset Management LLC acquired a new position in shares of Tactile Systems Technology in the first quarter worth about $32,000. Covestor Ltd boosted its holdings in Tactile Systems Technology by 69.4% in the third quarter. Covestor Ltd now owns 2,872 shares of the company’s stock valued at $40,000 after purchasing an additional 1,177 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in Tactile Systems Technology by 1,330.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,860 shares of the company’s stock valued at $41,000 after purchasing an additional 2,660 shares in the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.

About Tactile Systems Technology

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.