Somewhat Positive News Coverage Somewhat Unlikely to Impact Tactile Systems Technology (TCMD) Stock Price
Headlines about Tactile Systems Technology (NASDAQ:TCMD) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of 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 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.8741652712935 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several research firms recently commented on TCMD. Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Saturday, May 20th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 target price (up previously from $28.00) on shares of Tactile Systems Technology in a report on Tuesday, August 8th. Finally, ValuEngine raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.00.
Tactile Systems Technology (NASDAQ TCMD) traded up 1.46% during trading on Thursday, reaching $32.71. The company had a trading volume of 24,986 shares. The company has a market capitalization of $575.24 million and a PE ratio of 123.90. The stock has a 50 day moving average price of $30.99 and a 200-day moving average price of $23.55. Tactile Systems Technology has a 52-week low of $13.30 and a 52-week high of $35.79.
Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Tactile Systems Technology had a net margin of 4.97% and a return on equity of 3.05%. The firm had revenue of $26.30 million during the quarter, compared to the consensus estimate of $23.88 million. During the same period in the prior year, the firm earned $0.04 EPS. The business’s revenue was up 33.5% on a year-over-year basis. On average, equities research analysts anticipate that Tactile Systems Technology will post $0.28 earnings per share for the current fiscal year.
In other Tactile Systems Technology news, VP Mary E. Anderson sold 40,242 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $25.95, for a total value of $1,044,279.90. Following the completion of the sale, the vice president now directly owns 73,661 shares of the company’s stock, valued at approximately $1,911,502.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Bryan Rishe sold 1,500 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $26.45, for a total transaction of $39,675.00. Following the completion of the sale, the vice president now directly owns 113,807 shares of the company’s stock, valued at $3,010,195.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 794,953 shares of company stock valued at $21,273,154. Insiders own 49.90% of the company’s stock.
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Tactile Systems Technology Company Profile
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.
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