Several other equities research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Saturday, May 11th. Guggenheim upped their target price on shares of Tactile Systems Technology from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. TheStreet raised shares of Tactile Systems Technology from a “d+” rating to a “c+” rating in a report on Monday, July 29th. BidaskClub lowered shares of Tactile Systems Technology from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Finally, Dougherty & Co started coverage on shares of Tactile Systems Technology in a report on Thursday, June 13th. They issued a “buy” rating and a $80.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $76.50.
Tactile Systems Technology stock traded down $1.37 on Thursday, hitting $54.53. The company’s stock had a trading volume of 166,202 shares, compared to its average volume of 113,024. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 160.38, a P/E/G ratio of 5.55 and a beta of 1.98. The company has a current ratio of 4.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $55.02. Tactile Systems Technology has a one year low of $37.40 and a one year high of $76.63.
In other Tactile Systems Technology news, COO Robert J. Folkes sold 2,500 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $53.68, for a total transaction of $134,200.00. Following the sale, the chief operating officer now owns 107,415 shares of the company’s stock, valued at approximately $5,766,037.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Robert J. Folkes sold 2,106 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $54.65, for a total transaction of $115,092.90. Following the sale, the chief operating officer now directly owns 88,890 shares in the company, valued at approximately $4,857,838.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,692 shares of company stock worth $4,105,684. 6.50% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. Marshall Wace North America L.P. bought a new stake in Tactile Systems Technology during the 1st quarter worth about $25,000. TCI Wealth Advisors Inc. grew its holdings in Tactile Systems Technology by 2,500.0% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 520 shares of the company’s stock worth $30,000 after acquiring an additional 500 shares during the last quarter. BerganKDV Wealth Management LLC bought a new stake in Tactile Systems Technology during the 1st quarter worth about $158,000. BNP Paribas Arbitrage SA grew its holdings in Tactile Systems Technology by 73,060.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,658 shares of the company’s stock worth $193,000 after acquiring an additional 3,653 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Tactile Systems Technology during the 4th quarter worth about $220,000. 98.90% of the stock is currently owned by hedge funds and other institutional investors.
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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