Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $41.67.
Several equities research analysts recently weighed in on TCMD shares. Zacks Investment Research raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Wednesday. Canaccord Genuity reissued a “buy” rating and issued a $37.00 price objective on shares of Tactile Systems Technology in a report on Wednesday, January 3rd. BidaskClub raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Northland Securities lowered Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th. Finally, Sidoti started coverage on Tactile Systems Technology in a report on Friday, December 8th. They issued a “neutral” rating for the company.
In other news, CEO Gerald R. Mattys sold 23,056 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $29.39, for a total transaction of $677,615.84. Following the completion of the transaction, the chief executive officer now owns 309,331 shares of the company’s stock, valued at $9,091,238.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jordan Davis sold 40,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $29.52, for a total value of $1,180,800.00. Following the transaction, the director now directly owns 5,006 shares of the company’s stock, valued at approximately $147,777.12. The disclosure for this sale can be found here. Insiders have sold 353,529 shares of company stock valued at $10,999,440 in the last three months. 49.90% of the stock is owned by insiders.
Shares of Tactile Systems Technology (TCMD) traded down $0.01 on Friday, reaching $32.39. The company had a trading volume of 77,422 shares, compared to its average volume of 210,011. Tactile Systems Technology has a 52 week low of $16.69 and a 52 week high of $37.88. The stock has a market cap of $591.06, a price-to-earnings ratio of 108.60, a P/E/G ratio of 6.08 and a beta of 0.11.
About Tactile Systems Technology
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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