Media headlines about Tactile Systems Technology (NASDAQ:TCMD) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tactile Systems Technology earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.4867369800487 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Tactile Systems Technology (TCMD) Raised to Hold at BidaskClub (americanbankingnews.com)
- Jordan Davis Sells 40,000 Shares of Tactile Systems Technology, Inc. (TCMD) Stock (americanbankingnews.com)
- Insider Buying: Tactile Systems Technology, Inc. (TCMD) Director Purchases 1,000 Shares of Stock (americanbankingnews.com)
- Tactile Systems Technology Gets IBD Stock Rating Upgrade (finance.yahoo.com)
- Tactile Systems Technology, Inc. breached its 50 day moving average in a Bullish Manner : TCMD-US : December 14, 2017 (finance.yahoo.com)
A number of equities research analysts recently commented on the stock. BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Guggenheim started coverage on shares of Tactile Systems Technology in a research report on Thursday, October 12th. They issued a “buy” rating and a $47.00 target price 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 target price for the company in a research report on Friday, November 10th. Northland Securities started coverage on shares of Tactile Systems Technology in a research report on Tuesday, October 17th. They issued a “market perform” rating for the company. Finally, Sidoti started coverage on shares of Tactile Systems Technology in a research report on Friday, December 8th. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tactile Systems Technology presently has a consensus rating of “Buy” and an average price target of $34.25.
Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $28.28 million during the quarter, compared to the consensus estimate of $27.66 million. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. equities analysts predict that Tactile Systems Technology will post 0.34 earnings per share for the current fiscal year.
In other news, Director William W. Burke sold 2,000 shares of Tactile Systems Technology stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $28.86, for a total value of $57,720.00. Following the completion of the transaction, the director now owns 6,306 shares of the company’s stock, valued at approximately $181,991.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $32.86, for a total transaction of $49,290.00. Following the completion of the transaction, the vice president now directly owns 109,807 shares of the company’s stock, valued at approximately $3,608,258.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,705 shares of company stock valued at $3,890,875. 49.90% of the stock is owned by insiders.
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.
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