Insider Buying: Tactile Systems Technology, Inc. (TCMD) Director Acquires $27,860.00 in Stock
Tactile Systems Technology, Inc. (NASDAQ:TCMD) Director Cheryl Pegus bought 1,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were acquired at an average cost of $27.86 per share, for a total transaction of $27,860.00. Following the transaction, the director now directly owns 2,184 shares in the company, valued at approximately $60,846.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Tactile Systems Technology, Inc. (NASDAQ TCMD) traded up $1.37 during trading hours on Friday, reaching $30.27. The company had a trading volume of 909,640 shares, compared to its average volume of 444,346. The stock has a market cap of $535.84, a P/E ratio of 201.80, a PEG ratio of 4.52 and a beta of -0.69. Tactile Systems Technology, Inc. has a 12-month low of $14.37 and a 12-month high of $37.88.
Tactile Systems Technology (NASDAQ:TCMD) last announced its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The company had revenue of $28.28 million for the quarter, compared to the consensus estimate of $27.66 million. During the same period last year, the business posted $0.01 EPS. The company’s revenue was up 25.0% on a year-over-year basis. research analysts expect that Tactile Systems Technology, Inc. will post 0.34 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on TCMD shares. BidaskClub raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Thursday. Northland Securities reissued a “hold” rating and set a $31.50 target price on shares of Tactile Systems Technology in a research report on Monday, October 16th. Zacks Investment Research downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Sidoti started coverage on Tactile Systems Technology in a research note on Friday, December 8th. They set a “neutral” rating on the stock. Finally, BTIG Research upgraded Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $34.25.
ILLEGAL ACTIVITY NOTICE: “Insider Buying: Tactile Systems Technology, Inc. (TCMD) Director Acquires $27,860.00 in Stock” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/insider-buying-tactile-systems-technology-inc-tcmd-director-acquires-27860-00-in-stock/1770032.html.
About Tactile Systems Technology
Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.
Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.