Tactile Systems Technology Inc (NASDAQ:TCMD) Director Richard Nigon acquired 18,750 shares of Tactile Systems Technology stock in a transaction dated Wednesday, September 14th. The shares were purchased at an average price of $16.87 per share, for a total transaction of $316,312.50. Following the completion of the transaction, the director now directly owns 8,322 shares in the company, valued at approximately $140,392.14. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) opened at 19.25 on Wednesday. Tactile Systems Technology Inc has a one year low of $10.00 and a one year high of $21.20. The stock has a market capitalization of $322.86 million and a PE ratio of 310.48. The company’s 50-day moving average price is $14.83 and its 200 day moving average price is $14.56.

Several brokerages recently weighed in on TCMD. William Blair began coverage on Tactile Systems Technology in a report on Monday, August 22nd. They set an “outperform” rating for the company. Canaccord Genuity began coverage on Tactile Systems Technology in a report on Thursday, August 25th. They set a “buy” rating and a $21.00 target price for the company. BTIG Research began coverage on Tactile Systems Technology in a report on Monday, August 22nd. They set a “buy” rating and a $18.00 target price for the company. Finally, Piper Jaffray Cos. began coverage on Tactile Systems Technology in a report on Monday, August 22nd. They set an “overweight” rating and a $17.00 target price for the company.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc is a medical technology company. The Company develops and provides medical devices for the treatment of chronic diseases at home. The Company focuses on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

5 Day Chart for NASDAQ:TCMD

Receive News & Ratings for Tactile Systems Technology Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.