Tactile Systems Technology, Inc. (NASDAQ:TCMD) Director Kevin H. Roche sold 25,000 shares of Tactile Systems Technology stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $32.37, for a total value of $809,250.00. Following the sale, the director now owns 145,772 shares in the company, valued at $4,718,639.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Tactile Systems Technology, Inc. (TCMD) opened at 32.38 on Wednesday. Tactile Systems Technology, Inc. has a 52-week low of $13.30 and a 52-week high of $35.79. The company’s 50 day moving average price is $30.99 and its 200 day moving average price is $23.55. The company has a market capitalization of $569.43 million and a price-to-earnings ratio of 122.65.

Tactile Systems Technology (NASDAQ:TCMD) last issued its earnings results on Monday, August 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $26.30 million during the quarter, compared to the consensus estimate of $23.88 million. Tactile Systems Technology had a net margin of 4.97% and a return on equity of 3.05%. The company’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, analysts predict that Tactile Systems Technology, Inc. will post $0.28 EPS for the current year.

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TCMD has been the topic of several research reports. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Saturday, June 10th. ValuEngine upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Canaccord Genuity restated a “buy” rating and set a $37.00 price target (up from $28.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 8th. Finally, Piper Jaffray Companies lifted their price target on Tactile Systems Technology from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $34.00.

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Tactile Systems Technology by 39.3% in the second quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after buying an additional 1,252 shares during the last quarter. Bank of America Corp DE increased its position 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 worth $133,000 after buying an additional 6,409 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Tactile Systems Technology during the second quarter worth approximately $146,000. Nationwide Fund Advisors increased its position 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 worth $148,000 after buying an additional 3,457 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position 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 worth $213,000 after buying an additional 7,400 shares during the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

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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