Somewhat Negative Media Coverage Somewhat Unlikely to Impact Tactile Systems Technology (TCMD) Stock Price

News stories about Tactile Systems Technology (NASDAQ:TCMD) have been trending somewhat negative this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tactile Systems Technology earned a news impact score of -0.04 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.0080433608563 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

Tactile Systems Technology (NASDAQ:TCMD) opened at $32.13 on Friday. The company has a market cap of $563.27, a PE ratio of 103.65, a PEG ratio of 7.12 and a beta of -0.60. Tactile Systems Technology has a fifty-two week low of $14.37 and a fifty-two week high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last posted its earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $27.66 million. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 earnings per share. equities analysts anticipate that Tactile Systems Technology will post 0.34 earnings per share for the current fiscal year.

A number of brokerages have issued reports on TCMD. Guggenheim began coverage on shares of Tactile Systems Technology in a research note on Thursday, October 12th. They set a “buy” rating and a $47.00 price objective on the stock. BTIG Research upgraded shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Friday, November 10th. Northland Securities began coverage on shares of Tactile Systems Technology in a research note on Tuesday, October 17th. They set a “market perform” rating on the stock. Finally, Sidoti began coverage on shares of Tactile Systems Technology in a research note on Friday, December 8th. They set a “neutral” rating on the stock. Four 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.25.

In other news, Director Jordan Davis sold 75,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $32.00, for a total value of $2,400,000.00. Following the completion of the transaction, the director now owns 5,006 shares of the company’s stock, valued at $160,192. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bryan Rishe sold 1,500 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $30.92, for a total transaction of $46,380.00. Following the completion of the transaction, the senior vice president now directly owns 93,145 shares of the company’s stock, valued at approximately $2,880,043.40. The disclosure for this sale can be found here. Insiders sold 317,678 shares of company stock valued at $9,333,549 in the last three months. Company insiders own 49.90% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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