Tactile Systems Technology (NASDAQ:TCMD) had its price target lifted by Canaccord Genuity from $37.00 to $42.00 in a research note published on Tuesday. Canaccord Genuity currently has a buy rating on the stock.
Several other analysts also recently issued reports on the stock. Piper Jaffray Companies raised shares of Tactile Systems Technology to a buy rating and set a $36.00 price objective for the company in a research report on Tuesday, February 20th. BidaskClub raised shares of Tactile Systems Technology from a sell rating to a hold rating in a research report on Saturday, January 20th. Sidoti began coverage on shares of Tactile Systems Technology in a research report on Friday, December 8th. They issued a neutral rating for the company. Zacks Investment Research raised shares of Tactile Systems Technology from a hold rating to a strong-buy rating and set a $28.00 price objective for the company in a research report on Friday, November 10th. Finally, BTIG Research upgraded Tactile Systems Technology from a neutral rating to a buy rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tactile Systems Technology currently has a consensus rating of Buy and a consensus price target of $35.08.
Shares of Tactile Systems Technology (TCMD) opened at $33.70 on Tuesday. Tactile Systems Technology has a 1 year low of $16.69 and a 1 year high of $37.88. The stock has a market cap of $573.89, a P/E ratio of 162.10, a price-to-earnings-growth ratio of 7.26 and a beta of -0.23.
Several institutional investors have recently added to or reduced their stakes in TCMD. MetLife Investment Advisors LLC purchased a new position in shares of Tactile Systems Technology during the 4th quarter valued at approximately $139,000. Nationwide Fund Advisors lifted its stake in Tactile Systems Technology by 201.8% during the second quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock worth $148,000 after purchasing an additional 3,457 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Tactile Systems Technology during the fourth quarter worth $158,000. Advisors Preferred LLC bought a new position in Tactile Systems Technology during the fourth quarter worth $160,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Tactile Systems Technology by 10,882.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock worth $213,000 after purchasing an additional 7,400 shares during the last quarter. Institutional investors own 84.94% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Tactile Systems Technology (TCMD) Given New $42.00 Price Target at Canaccord Genuity” was first posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3227933/tactile-systems-technology-tcmd-given-new-42-00-price-target-at-canaccord-genuity.html.
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.
Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.