Tactile Systems Technology (TCMD) Getting Somewhat Favorable News Coverage, Report Shows
Media headlines about Tactile Systems Technology (NASDAQ:TCMD) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tactile Systems Technology earned a news impact score of 0.00 on Accern’s scale. Accern also assigned headlines about the company an impact score of 44.5733777062384 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Tactile Medical Announces Appointment of Raymond Huggenberger to Board of Directors (finance.yahoo.com)
- ETFs with exposure to Tactile Systems Technology, Inc. : September 19, 2017 (finance.yahoo.com)
- Tactile Systems Technology, Inc. :TCMD-US: Earnings Analysis: Q2, 2017 By the Numbers : September 18, 2017 (finance.yahoo.com)
- Tactile Systems Technology, Inc. (TCMD) Downgraded by BTIG Research to Neutral (americanbankingnews.com)
- Tactile Systems Technology, Inc. (TCMD) VP Bryan Rishe Sells 1,500 Shares (americanbankingnews.com)
Several research analysts have weighed in on the company. BTIG Research lowered Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Thursday, August 10th. Canaccord Genuity reiterated a “buy” rating and set a $37.00 target price (up from $28.00) on shares of Tactile Systems Technology in a report on Tuesday, August 8th. Piper Jaffray Companies lifted their target price on Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, August 8th. Finally, ValuEngine upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Tactile Systems Technology currently has an average rating of “Buy” and a consensus target price of $34.00.
Tactile Systems Technology (NASDAQ:TCMD) traded down 9.18% on Friday, reaching $30.86. The company’s stock had a trading volume of 705,681 shares. The company has a market cap of $544.03 million, a P/E ratio of 54.14 and a beta of 0.35. Tactile Systems Technology has a 12 month low of $14.37 and a 12 month high of $37.88. The stock’s 50 day moving average price is $32.90 and its 200 day moving average price is $25.64.
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, topping the Zacks’ consensus estimate of $0.01 by $0.03. Tactile Systems Technology had a return on equity of 3.05% and a net margin of 4.97%. The firm had revenue of $26.30 million during the quarter, compared to the consensus estimate of $23.88 million. During the same period last year, the business posted $0.04 EPS. The business’s revenue was up 33.5% compared to the same quarter last year. Equities research analysts forecast that Tactile Systems Technology will post $0.28 earnings per share for the current year.
In other Tactile Systems Technology news, VP Bryan Rishe sold 1,500 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $28.44, for a total transaction of $42,660.00. Following the completion of the sale, the vice president now directly owns 112,307 shares in the company, valued at approximately $3,194,011.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Galen Partners V. Lp sold 200,000 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $28.85, for a total value of $5,770,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,278,547 shares of company stock valued at $39,268,171. Company insiders own 49.90% of the company’s stock.
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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.
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