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BTIG Thinks Tactile Systems Technology’s Stock is Going to Recover

BTIG analyst Ryan Zimmerman maintained a Buy rating on Tactile Systems Technology (TCMDResearch Report) today and set a price target of $29.00. The company’s shares closed last Monday at $17.91, close to its 52-week low of $13.37.

According to TipRanks.com, Zimmerman is a 5-star analyst with an average return of 13.0% and a 46.4% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, Organogenesis Holdings, and Integra Lifesciences.

Currently, the analyst consensus on Tactile Systems Technology is a Strong Buy with an average price target of $30.67.

See today’s best-performing stocks on TipRanks >>

Tactile Systems Technology’s market cap is currently $336.4M and has a P/E ratio of -28.18.

Based on the recent corporate insider activity of 23 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.

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. 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.

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