Tactile Systems Technology Inc (TCMD) COO Sells $126,125.00 in Stock
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.
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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