Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $52.75, for a total value of $131,875.00. Following the transaction, the chief operating officer now directly owns 99,308 shares of the company’s stock, valued at approximately $5,238,497. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NASDAQ TCMD traded down $1.01 during trading hours on Friday, hitting $53.22. The company had a trading volume of 11,541 shares, compared to its average volume of 159,850. The company has a market cap of $988.16 million, a PE ratio of 156.68, a PEG ratio of 5.28 and a beta of 1.97. The company has a current ratio of 4.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.03. 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 released its quarterly earnings data on Monday, May 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.20. The company had revenue of $37.60 million during the quarter, compared to the consensus estimate of $33.30 million. Tactile Systems Technology had a return on equity of 8.17% and a net margin of 5.27%. The business’s revenue was up 40.3% on a year-over-year basis. As a group, sell-side analysts predict that Tactile Systems Technology Inc will post 0.5 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. acquired a new stake in shares of Tactile Systems Technology in the 1st quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Tactile Systems Technology in the 1st quarter valued at approximately $57,000. NumerixS Investment Technologies Inc boosted its holdings in shares of Tactile Systems Technology by 240.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 1,700 shares of the company’s stock valued at $75,000 after buying an additional 1,200 shares during the last quarter. Neuburgh Advisers LLC boosted its holdings in shares of Tactile Systems Technology by 22.2% in the 4th quarter. Neuburgh Advisers LLC now owns 1,760 shares of the company’s stock valued at $80,000 after buying an additional 320 shares during the last quarter. Finally, BerganKDV Wealth Management LLC bought a new stake in Tactile Systems Technology in the 1st quarter valued at $158,000. 99.65% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Saturday, May 11th. BidaskClub downgraded Tactile Systems Technology from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Dougherty & Co started coverage on Tactile Systems Technology in a report on Thursday. They issued a “buy” rating and a $80.00 price objective for the company. Guggenheim increased their price objective on Tactile Systems Technology from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, ValuEngine downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $76.50.
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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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