Tactile Systems Technology (NASDAQ:TCMD) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

TCMD has been the subject of several other research reports. Zacks Investment Research cut shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Piper Jaffray raised shares of Tactile Systems Technology to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, February 20th. Canaccord Genuity upped their price target on shares of Tactile Systems Technology from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Northland Securities cut shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Tactile Systems Technology currently has a consensus rating of “Buy” and an average target price of $36.90.

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Shares of TCMD stock opened at $35.34 on Tuesday. The stock has a market capitalization of $621.06, a price-to-earnings ratio of 168.29, a P/E/G ratio of 6.38 and a beta of 0.43. Tactile Systems Technology has a one year low of $16.90 and a one year high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. Tactile Systems Technology had a net margin of 5.36% and a return on equity of 6.09%. The firm had revenue of $34.89 million during the quarter, compared to analysts’ expectations of $34.30 million. sell-side analysts anticipate that Tactile Systems Technology will post 0.27 earnings per share for the current fiscal year.

In related news, COO Robert J. Folkes sold 2,482 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $31.15, for a total transaction of $77,314.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bryan Rishe sold 1,500 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $30.92, for a total transaction of $46,380.00. Following the sale, the senior vice president now directly owns 93,145 shares of the company’s stock, valued at approximately $2,880,043.40. The disclosure for this sale can be found here. Insiders sold a total of 261,610 shares of company stock valued at $8,334,462 in the last ninety days. Corporate insiders own 8.70% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Cortina Asset Management LLC lifted its position in Tactile Systems Technology by 280.0% during the fourth quarter. Cortina Asset Management LLC now owns 681,966 shares of the company’s stock valued at $19,763,000 after acquiring an additional 502,497 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Tactile Systems Technology by 58.8% during the third quarter. Public Employees Retirement System of Ohio now owns 135,000 shares of the company’s stock valued at $4,178,000 after acquiring an additional 50,000 shares during the last quarter. Wasatch Advisors Inc. lifted its position in Tactile Systems Technology by 33.9% during the fourth quarter. Wasatch Advisors Inc. now owns 93,349 shares of the company’s stock valued at $2,705,000 after acquiring an additional 23,620 shares during the last quarter. Carlson Capital Management lifted its position in Tactile Systems Technology by 406.2% during the fourth quarter. Carlson Capital Management now owns 112,907 shares of the company’s stock valued at $3,272,000 after acquiring an additional 90,603 shares during the last quarter. Finally, Swiss National Bank purchased a new stake in Tactile Systems Technology during the fourth quarter valued at approximately $696,000. 89.59% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Tactile Systems Technology (NASDAQ:TCMD)

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