Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $50.45, for a total transaction of $126,125.00. Following the completion of the transaction, the chief operating officer now directly owns 109,915 shares in the company, valued at approximately $5,545,211.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ:TCMD opened at $49.54 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.30 and a current ratio of 4.96. The stock has a market cap of $932.64 million, a price-to-earnings ratio of 137.61, a price-to-earnings-growth ratio of 4.99 and a beta of 2.08. Tactile Systems Technology Inc has a 1 year low of $37.40 and a 1 year high of $76.63.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.20. The company had revenue of $37.60 million for the quarter, compared to analyst estimates of $33.30 million. Tactile Systems Technology had a net margin of 5.27% and a return on equity of 8.17%. Tactile Systems Technology’s revenue for the quarter was up 40.3% compared to the same quarter last year. Analysts anticipate that Tactile Systems Technology Inc will post 0.5 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Weiss Multi Strategy Advisers LLC increased its stake in Tactile Systems Technology by 9.0% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 11,000 shares of the company’s stock worth $501,000 after purchasing an additional 904 shares during the period. Vanguard Group Inc increased its stake in shares of Tactile Systems Technology by 6.8% during the third quarter. Vanguard Group Inc now owns 1,010,783 shares of the company’s stock worth $71,816,000 after buying an additional 63,944 shares during the period. Legal & General Group Plc increased its stake in shares of Tactile Systems Technology by 20.5% during the third quarter. Legal & General Group Plc now owns 35,879 shares of the company’s stock worth $2,533,000 after buying an additional 6,113 shares during the period. WINTON GROUP Ltd increased its stake in shares of Tactile Systems Technology by 63.4% during the fourth quarter. WINTON GROUP Ltd now owns 7,953 shares of the company’s stock worth $362,000 after buying an additional 3,087 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Tactile Systems Technology by 3.4% during the fourth quarter. Bank of Montreal Can now owns 4,987 shares of the company’s stock worth $227,000 after buying an additional 162 shares during the period. Institutional investors own 96.78% of the company’s stock.

A number of research firms have commented on TCMD. ValuEngine cut shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. BidaskClub upgraded shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Saturday, May 11th. Canaccord Genuity boosted their price target on shares of Tactile Systems Technology from $55.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Guggenheim boosted their price target on shares of Tactile Systems Technology from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $75.80.

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Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.

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