Tactile Systems Technology (TCMD) Gets a Hold Rating from Northland Securities


In a report released today, Suraj Kalia from Northland Securities maintained a Hold rating on Tactile Systems Technology (TCMD), with a price target of $50. The company’s shares closed yesterday at $60.85.

Kalia noted:

“We confess, as much as our we would like to opine on the details of the allegations, we simply state what has been alleged. We also present the commentary presented to us by Tactile Medical. Suffice it to say, there will be a tug of war for some time moving forward.”

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 13.7% and a 60.4% success rate. Kalia covers the Healthcare sector, focusing on stocks such as Varex Imaging Corporation, Obalon Therapeutics Inc, and Apollo Endosurgery Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tactile Systems Technology with a $70 average price target.

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Tactile Systems Technology’s market cap is currently $1.13B and has a P/E ratio of 180.46. The company has a Price to Book ratio of 12.70.

Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TCMD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tactile Systems Technology, Inc. is a medical technology company, which 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. The company was founded on January 30, 1995 and is headquartered in Minneapolis, MN.

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