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

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

Tactile Systems Technology Stock Performance

Tactile Systems Technology stock opened at $14.62 on Wednesday. The stock’s 50 day moving average price is $17.14 and its 200 day moving average price is $15.73. The firm has a market capitalization of $344.81 million, a PE ratio of 20.89 and a beta of 1.20. 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, Inc. has a one year low of $11.12 and a one year high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.31 by $0.09. The firm had revenue of $85.59 million for the quarter, compared to analyst estimates of $85.39 million. Tactile Systems Technology had a return on equity of 9.37% and a net margin of 5.79%. As a group, sell-side analysts expect that Tactile Systems Technology, Inc. will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Tactile Systems Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new position in Tactile Systems Technology during the 3rd quarter worth approximately $29,000. Jones Financial Companies Lllp acquired a new position in shares of Tactile Systems Technology in the 4th quarter valued at approximately $39,000. Gladius Capital Management LP acquired a new position in shares of Tactile Systems Technology in the 3rd quarter valued at approximately $44,000. Virtus Fund Advisers LLC raised its position in shares of 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 purchasing an additional 2,464 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Tactile Systems Technology in the 4th quarter valued at approximately $81,000. 83.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TCMD shares. BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th. B. Riley cut Tactile Systems Technology from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $18.00 in a report on Wednesday, February 19th. StockNews.com cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Finally, Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th.

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.