Tactile Systems Technology (TCMD) Earning Somewhat Critical Media Coverage, Analysis Shows
Headlines about Tactile Systems Technology (NASDAQ:TCMD) have trended somewhat negative on Tuesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tactile Systems Technology earned a media sentiment score of -0.04 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 44.7717791693894 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Tactile Systems Technology (TCMD) Raised to Strong-Buy at BidaskClub (americanbankingnews.com)
- Tactile Systems Technology (TCMD) Price Target Increased to $36.00 by Analysts at Piper Jaffray (americanbankingnews.com)
- Tactile Systems Technology Inc. (TCMD) COO Robert J. Folkes Sells 3,044 Shares (americanbankingnews.com)
- Tactile Systems Technology (TCMD) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
Shares of TCMD traded up $0.48 during mid-day trading on Tuesday, hitting $35.82. 35,101 shares of the company were exchanged, compared to its average volume of 194,999. Tactile Systems Technology has a 1-year low of $16.90 and a 1-year high of $37.88. The company has a market cap of $621.06, a PE ratio of 170.57, a price-to-earnings-growth ratio of 6.38 and a beta of 0.43.
Several research analysts recently weighed in on the stock. Canaccord Genuity restated a “buy” rating and set a $37.00 price target on shares of Tactile Systems Technology in a research report on Wednesday, January 3rd. BidaskClub downgraded shares of Tactile Systems Technology from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Piper Jaffray upgraded 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. Northland Securities downgraded shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th. Finally, Zacks Investment Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $36.90.
In other Tactile Systems Technology news, Director Jordan Davis sold 75,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $32.00, for a total value of $2,400,000.00. Following the completion of the sale, the director now owns 5,006 shares in the company, valued at approximately $160,192. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Robert J. Folkes sold 1,500 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $32.47, for a total transaction of $48,705.00. Following the completion of the sale, the chief operating officer now owns 119,403 shares of the company’s stock, valued at approximately $3,877,015.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,610 shares of company stock valued at $8,334,462. 8.70% of the stock is owned by insiders.
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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.
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