Tactile Systems Technology, Inc. (NASDAQ:TCMD) Director Jordan Davis sold 40,000 shares of Tactile Systems Technology stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $29.52, for a total transaction of $1,180,800.00. Following the completion of the sale, the director now owns 5,006 shares of the company’s stock, valued at $147,777.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Tactile Systems Technology, Inc. (NASDAQ TCMD) opened at $30.27 on Friday. Tactile Systems Technology, Inc. has a one year low of $14.37 and a one year high of $37.88. The stock has a market cap of $511.58, a P/E ratio of 192.67, a price-to-earnings-growth ratio of 4.31 and a beta of -0.69.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The company had revenue of $28.28 million for the quarter, compared to analyst estimates of $27.66 million. During the same quarter last year, the firm posted $0.01 earnings per share. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. equities research analysts expect that Tactile Systems Technology, Inc. will post 0.34 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised 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 valued at $127,000 after purchasing an additional 1,252 shares during the period. Bank of America Corp DE raised 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 valued at $133,000 after purchasing an additional 6,409 shares during the period. Bank of Montreal Can bought a new position in shares of Tactile Systems Technology in the second quarter valued at approximately $146,000. Nationwide Fund Advisors raised 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 valued at $148,000 after purchasing an additional 3,457 shares during the period. Finally, The Manufacturers Life Insurance Company raised 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 valued at $213,000 after purchasing an additional 7,400 shares during the period. 71.68% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on TCMD. BidaskClub upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Thursday. Sidoti began coverage on shares of Tactile Systems Technology in a research note on Friday, December 8th. They issued a “neutral” rating for the company. Northland Securities reiterated a “hold” rating and issued a $31.50 target price on shares of Tactile Systems Technology in a research note on Monday, October 16th. Zacks Investment Research cut shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, BTIG Research upgraded shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $34.25.

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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.

Insider Buying and Selling by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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