BTIG analyst Ryan Zimmerman maintained a Buy rating on Tactile Systems Technology (TCMD – Research Report) today and set a price target of $22.00. The company’s shares closed last Friday at $11.15.
According to TipRanks, Zimmerman is a 4-star analyst with an average return of 4.5% and a 39.96% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Vericel, Stryker, and Glaukos.
Currently, the analyst consensus on Tactile Systems Technology is a Strong Buy with an average price target of $27.33.
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Based on Tactile Systems Technology’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $59.8 million and a GAAP net loss of $100 thousand. In comparison, last year the company earned a revenue of $51.27 million and had a GAAP net loss of $4.64 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TCMD in relation to earlier this year.
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Tactile Systems Technology (TCMD) Company Description:
Tactile Systems Technology, Inc. is a medical technology company. It develops and provides innovative medical devices for the treatment of chronic diseases at home. The company focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures. It possesses a platform to deliver at-home healthcare solutions throughout the United States. Tactile Systems Technology was founded on January 30, 1995 and is headquartered in Minneapolis, MN.
Read More on TCMD:
- Tactile Medical to Release Third Quarter of Fiscal Year 2023 Financial Results on November 6, 2023
- Tactile Medical Appoints Vindell Washington, M.D. to Board of Directors
- Tactile Medical to Participate in Two Upcoming Conferences in September
- Tactile Medical to Present at the 2023 Wells Fargo Healthcare Conference
