Tactile Systems Technology (TCMD) Stock Price, News & Analysis

Company Overview

Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers. The company also provides Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, and treatment, as well as to share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest to treat patients with retained pulmonary secretions resulting from bronchiectasis, cystic fibrosis, and various neuromuscular disorders. Tactile Systems Technology, Inc. was incorporated in 1995 and is headquartered in Minneapolis, Minnesota.

Key Stats

• Today's Range: $15.30 to $15.71
• 50-Day Range: $13.15 to $16.22
• 52-Week Range: $11.12 to $16.95
• Volume: 136,666 shs
• Average Volume: 283,115 shs
• Market Capitalization: $373.44 million
• P/E Ratio: 23.94
• Dividend Yield: N/A
• Price Target: $23.00
• Consensus Rating: Moderate Buy

Tactile Systems Technology Stock Analysis - MarketRank™

Tactile Systems Technology scored higher than 76% of companies evaluated by MarketBeat, and ranked 253rd out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Tactile Systems Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tactile Systems Technology has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 19.44%

Earnings Growth

Earnings for Tactile Systems Technology are expected to grow by 19.44% in the coming year, from $0.72 to $0.86 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tactile Systems Technology is 23.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tactile Systems Technology is 23.94, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 97.34.

Price to Book Value per Share Ratio

Tactile Systems Technology has a P/B Ratio of 1.80. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.25% of the outstanding shares of Tactile Systems Technology have been sold short.

Short Interest Ratio / Days to Cover

Tactile Systems Technology has a short interest ratio ("days to cover") of 8.1.

Change versus previous month

Short interest in Tactile Systems Technology has recently decreased by 5.26%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Tactile Systems Technology does not currently pay a dividend.

Dividend Growth

Tactile Systems Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.25% of the outstanding shares of Tactile Systems Technology have been sold short.

Short Interest Ratio / Days to Cover

Tactile Systems Technology has a short interest ratio ("days to cover") of 8.1.

Change versus previous month

Short interest in Tactile Systems Technology has recently decreased by 5.26%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.67

News Sentiment

Tactile Systems Technology has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Tactile Systems Technology this week, compared to 2 articles on an average week.

Search Interest

Only 5 people have searched for TCMD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Tactile Systems Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tactile Systems Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.96% of the stock of Tactile Systems Technology is held by insiders.

Percentage Held by Institutions

83.43% of the stock of Tactile Systems Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TCMD Stock Analysis - Frequently Asked Questions

How have TCMD shares performed this year?

Tactile Systems Technology's stock was trading at $14.30 on January 1st, 2024. Since then, TCMD shares have increased by 8.8% and is now trading at $15.56.
View the best growth stocks for 2024 here.

How were Tactile Systems Technology's earnings last quarter?

Tactile Systems Technology, Inc. (NASDAQ:TCMD) issued its earnings results on Tuesday, February, 20th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.25. The company earned $77.65 million during the quarter, compared to the consensus estimate of $78.85 million. Tactile Systems Technology had a net margin of 5.42% and a trailing twelve-month return on equity of 9.24%.

When did Tactile Systems Technology IPO?

Tactile Systems Technology (TCMD) raised $40 million in an initial public offering on Thursday, July 28th 2016. The company issued 4,000,000 shares at a price of $10.00 per share. Piper Jaffray, William Blair and Canaccord Genuity acted as the underwriters for the IPO and BTIG was co-manager.

Who are Tactile Systems Technology's major shareholders?

Tactile Systems Technology's top institutional investors include Wasatch Advisors LP (3.03%), Royce & Associates LP (2.58%), Geode Capital Management LLC (2.33%) and State Street Corp (2.25%). Insiders that own company stock include Daniel L Reuvers, Kristie Burns, Elaine M Birkemeyer, Brent Moen and William W Burke.
View institutional ownership trends.

How do I buy shares of Tactile Systems Technology?

Shares of TCMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tactile Systems Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tactile Systems Technology investors own include Chevron (CVX), American Water Works (AWK), Humana (HUM), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR) and Bristol-Myers Squibb (BMY).

Company Calendar

• Last Earnings: 2/20/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Surgical & medical instruments
• Sub-Industry: Medical Equipment
• Current Symbol: NASDAQ:TCMD
• CUSIP: N/A
• CIK: 1027838
• Web: www.tactilemedical.com
• Phone: (612) 355-5100
• Fax: 866-435-3949
• Employees: 980
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $23.00
• High Stock Price Target: $23.00
• Low Stock Price Target: $23.00
• Potential Upside/Downside: +47.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.65
• Trailing P/E Ratio: 23.94
• Forward P/E Ratio: 21.61
• P/E Growth: N/A
• Net Income: $28.51 million
• Net Margins: 5.42%
• Pretax Margin: 7.81%
• Return on Equity: 9.24%
• Return on Assets: 6.56%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 4.37
• Quick Ratio: 3.80

Sales & Book Value

• Annual Sales: $274.42 million
• Price / Sales: 1.36
• Cash Flow: $1.52 per share
• Price / Cash Flow: 10.21
• Book Value: $8.24 per share
• Price / Book: 1.89

Miscellaneous

• Outstanding Shares: 24,000,000
• Free Float: 23,661,000
• Market Cap: $373.44 million
• Optionable: Optionable
• Beta: 1.17