Tactile Systems Technology Inc (NASDAQ:TCMD) shares saw unusually-strong trading volume on Friday . Approximately 78,012 shares changed hands during trading, an increase of 44% from the previous session’s volume of 54,036 shares.The stock last traded at $15.37 and had previously closed at $15.02.

A number of equities analysts have weighed in on TCMD shares. BTIG Research started coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They set a “buy” rating and a $18.00 price target on the stock. Canaccord Genuity started coverage on Tactile Systems Technology in a research report on Thursday, August 25th. They set a “buy” rating and a $21.00 price target on the stock. Piper Jaffray Cos. started coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They set an “overweight” rating and a $17.00 price target on the stock. Finally, William Blair started coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They set an “outperform” rating on the stock.

The company’s 50-day moving average is $13.45 and its 200-day moving average is $13.45. The stock’s market cap is $50.77 million.

In other news, Director Peter H. Soderberg bought 100,000 shares of Tactile Systems Technology stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average cost of $10.00 per share, for a total transaction of $1,000,000.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $50,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Tactile Systems Technology, Inc is a medical technology company. The Company develops and provides medical devices for the treatment of chronic diseases at home. The Company focuses on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

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