Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Kristie Burns Sells 4,830 Shares

Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Kristie Burns sold 4,830 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $14.65, for a total value of $70,759.50. Following the transaction, the vice president now owns 84,008 shares of the company’s stock, valued at approximately $1,230,717.20. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tactile Systems Technology Trading Down 1.9 %

NASDAQ:TCMD opened at $14.62 on Wednesday. Tactile Systems Technology, Inc. has a 1 year low of $11.12 and a 1 year high of $21.10. The stock has a market cap of $344.81 million, a price-to-earnings ratio of 20.89 and a beta of 1.20. The business has a fifty day moving average of $17.14 and a 200-day moving average of $15.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.80 and a current ratio of 4.36.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.09. Tactile Systems Technology had a return on equity of 9.37% and a net margin of 5.79%. The company had revenue of $85.59 million during the quarter, compared to analysts’ expectations of $85.39 million. Equities analysts predict that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BTIG Research downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer downgraded Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th. B. Riley downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $18.00 in a research note on Wednesday, February 19th. Finally, StockNews.com cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new position in shares of Tactile Systems Technology during the 3rd quarter valued at about $29,000. Jones Financial Companies Lllp acquired a new stake in Tactile Systems Technology in the 4th quarter valued at approximately $39,000. Gladius Capital Management LP acquired a new stake in Tactile Systems Technology in the 3rd quarter valued at approximately $44,000. Virtus Fund Advisers LLC grew its holdings in Tactile Systems Technology by 142.0% in the 4th quarter. Virtus Fund Advisers LLC now owns 4,199 shares of the company’s stock valued at $72,000 after buying an additional 2,464 shares during the last quarter. Finally, Quarry LP acquired a new stake in Tactile Systems Technology in the 4th quarter valued at approximately $81,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

Tactile Systems Technology Company Profile

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.