News articles about Tactile Systems Technology (NASDAQ:TCMD) have been trending somewhat negative this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tactile Systems Technology earned a daily sentiment score of -0.01 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.8632776847184 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern Sentiment’s analysis:

Tactile Systems Technology (NASDAQ TCMD) traded up $0.31 during midday trading on Friday, reaching $27.32. 243,746 shares of the company’s stock were exchanged, compared to its average volume of 200,120. The company has a market capitalization of $481.62, a price-to-earnings ratio of 303.56, a price-to-earnings-growth ratio of 5.61 and a beta of -0.57.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $26.30 million for the quarter, compared to analyst estimates of $23.88 million. Tactile Systems Technology had a net margin of 4.97% and a return on equity of 3.05%. Tactile Systems Technology’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. analysts forecast that Tactile Systems Technology will post 0.24 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the stock. Northland Securities assumed coverage on shares of Tactile Systems Technology in a research note on Tuesday, October 17th. They set a “market perform” rating on the stock. Guggenheim assumed coverage on shares of Tactile Systems Technology in a research note on Thursday, October 12th. They set a “buy” rating and a $47.00 price target on the stock. Zacks Investment Research lowered shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Finally, Canaccord Genuity restated a “buy” rating and issued a $37.00 price objective (up from $28.00) on shares of Tactile Systems Technology in a research note on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $35.75.

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In other Tactile Systems Technology news, VP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction on Monday, August 21st. The shares were sold at an average price of $33.57, for a total value of $50,355.00. Following the transaction, the vice president now directly owns 112,807 shares in the company, valued at $3,786,930.99. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Robert J. Folkes sold 2,955 shares of Tactile Systems Technology stock in a transaction on Friday, September 1st. The shares were sold at an average price of $32.46, for a total transaction of $95,919.30. Following the completion of the transaction, the chief operating officer now owns 136,292 shares in the company, valued at $4,424,038.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,078,547 shares of company stock worth $33,512,369. 49.90% of the stock is currently owned by company insiders.

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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