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.

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Tactile Systems Technology by 39.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock valued at $127,000 after purchasing an additional 1,252 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Tactile Systems Technology in the 2nd quarter valued at approximately $146,000. Nationwide Fund Advisors boosted its stake in shares of Tactile Systems Technology by 201.8% in the second quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock valued at $148,000 after buying an additional 3,457 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Tactile Systems Technology by 1,118.5% in the first quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock valued at $133,000 after buying an additional 6,409 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Tactile Systems Technology by 10,882.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock valued at $213,000 after buying an additional 7,400 shares in the last quarter. Institutional investors own 71.68% of the company’s stock.

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.

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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.

Insider Buying and Selling by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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