Press coverage about Tactile Systems Technology (NASDAQ:TCMD) has been trending somewhat negative this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tactile Systems Technology earned a media sentiment score of -0.04 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.7717791693894 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of equities analysts have recently issued reports on the company. BidaskClub raised Tactile Systems Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Zacks Investment Research downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Piper Jaffray raised Tactile Systems Technology to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, February 20th. Canaccord Genuity upped their price target on Tactile Systems Technology from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Northland Securities downgraded Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.90.
Shares of NASDAQ TCMD traded up $0.48 during mid-day trading on Tuesday, hitting $35.82. The stock had a trading volume of 35,101 shares, compared to its average volume of 194,999. Tactile Systems Technology has a twelve month low of $16.90 and a twelve month high of $37.88. The company has a market cap of $621.06, a price-to-earnings ratio of 170.57, a PEG ratio of 6.38 and a beta of 0.43.
Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Monday, February 26th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. Tactile Systems Technology had a return on equity of 6.09% and a net margin of 5.36%. The firm had revenue of $34.89 million for the quarter, compared to the consensus estimate of $34.30 million. sell-side analysts predict that Tactile Systems Technology will post 0.27 earnings per share for the current year.
In other Tactile Systems Technology news, Director Jordan Davis sold 75,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $33.50, for a total value of $2,512,500.00. Following the sale, the director now directly owns 5,006 shares of the company’s stock, valued at $167,701. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bryan Rishe sold 1,500 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $30.92, for a total transaction of $46,380.00. Following the completion of the sale, the senior vice president now directly owns 93,145 shares in the company, valued at $2,880,043.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 261,610 shares of company stock worth $8,334,462. 8.70% of the stock is owned by insiders.
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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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