Tactile Systems Technology (TCMD) Receives “Hold” Rating from Northland Securities

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Tactile Systems Technology …

Tactile Systems Technology Inc logoNorthland Securities restated their hold rating on shares of Tactile Systems Technology (NASDAQ:TCMD) in a report released on Friday. They currently have a $38.00 price objective on the stock.

“We await further details on the quarterly call, and will adjust our ratings / PT accordingly. Key Points Here are the key things we look forward to gleaning from the quarterly call: What was the contribution from the large contracted payor signed up earlier? Were there any pull-forward” sales? Were there any bulk purchases from any segment, including the VA? How did OpEx stack up in the quarter? How does Q4 growth reconcile with implied guidance in company commentary from the Q3-18 call? We have accordingly tweaked our FY19 and FY20 numbers. For the time being, we maintain our rating & PT. Once we have a better understanding of the stability of Q4 growth drivers, we will accordingly make changes.”,” the firm’s analyst commented.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Tactile Systems Technology from a hold rating to a strong-buy rating and set a $69.00 target price on the stock in a research report on Friday. BidaskClub lowered shares of Tactile Systems Technology from a hold rating to a sell rating in a research report on Thursday, December 20th. Finally, ValuEngine raised shares of Tactile Systems Technology from a hold rating to a buy rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Tactile Systems Technology has a consensus rating of Buy and an average target price of $65.50.

Shares of Tactile Systems Technology stock traded up $0.69 on Friday, reaching $62.13. The stock had a trading volume of 433,583 shares, compared to its average volume of 393,248. Tactile Systems Technology has a fifty-two week low of $27.87 and a fifty-two week high of $73.24. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 295.86, a PEG ratio of 13.87 and a beta of 1.74.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.04. Tactile Systems Technology had a net margin of 4.92% and a return on equity of 8.53%. The business had revenue of $36.30 million during the quarter, compared to analysts’ expectations of $34.22 million. During the same period in the previous year, the company earned $0.07 earnings per share. Tactile Systems Technology’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, equities research analysts anticipate that Tactile Systems Technology will post 0.24 EPS for the current year.

In other Tactile Systems Technology news, SVP Bryan Rishe sold 3,000 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $61.72, for a total value of $185,160.00. Following the sale, the senior vice president now owns 70,328 shares of the company’s stock, valued at approximately $4,340,644.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brent Moen purchased 900 shares of the stock in a transaction on Tuesday, November 20th. The stock was acquired at an average cost of $54.22 per share, for a total transaction of $48,798.00. The disclosure for this purchase can be found here. Insiders sold a total of 116,822 shares of company stock worth $6,725,674 in the last three months. Insiders own 8.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TCMD. Bank of New York Mellon Corp boosted its stake in shares of Tactile Systems Technology by 22.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 264,521 shares of the company’s stock valued at $13,756,000 after purchasing an additional 49,350 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at $175,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Tactile Systems Technology by 17.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 82,575 shares of the company’s stock valued at $4,294,000 after purchasing an additional 12,441 shares in the last quarter. Swiss National Bank boosted its stake in shares of Tactile Systems Technology by 11.3% in the 2nd quarter. Swiss National Bank now owns 26,700 shares of the company’s stock valued at $1,388,000 after purchasing an additional 2,700 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at $341,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Tactile Systems Technology Company Profile

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.

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ServiceNow (NYSE:NOW) Stock Rating Reaffirmed by Northland Securities

Northland Securities reissued their buy rating on shares of ServiceNow (NYSE:NOW) in a report issued on Thursday, July 26th. They currently have a …

ServiceNow Inc logoNorthland Securities reissued their buy rating on shares of ServiceNow (NYSE:NOW) in a report issued on Thursday, July 26th. They currently have a $200.00 target price on the information technology services provider’s stock.

A number of other equities analysts also recently commented on NOW. Stifel Nicolaus boosted their target price on shares of ServiceNow from $165.00 to $180.00 and gave the stock a hold rating in a research note on Thursday, July 26th. Morgan Stanley upped their price objective on shares of ServiceNow from $172.00 to $198.00 and gave the company an overweight rating in a research note on Thursday, July 26th. Canaccord Genuity upped their target price on shares of ServiceNow from $190.00 to $210.00 and gave the company a buy rating in a report on Thursday, July 26th. BMO Capital Markets upped their target price on shares of ServiceNow from $177.00 to $205.00 and gave the company an outperform rating in a report on Thursday, July 26th. Finally, JMP Securities increased their price target on shares of ServiceNow to $220.00 and gave the stock an outperform rating in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. ServiceNow presently has an average rating of Buy and a consensus target price of $195.58.

ServiceNow traded down $0.87, reaching $187.47, on Thursday, according to MarketBeat Ratings. The stock had a trading volume of 829,672 shares, compared to its average volume of 1,973,647. ServiceNow has a 12-month low of $104.24 and a 12-month high of $194.81. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.74. The firm has a market cap of $32.88 billion, a price-to-earnings ratio of -178.54, a PEG ratio of 44.19 and a beta of 1.14.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 25th. The information technology services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $631.05 million for the quarter, compared to analyst estimates of $616.68 million. ServiceNow had a negative return on equity of 8.12% and a negative net margin of 4.16%. The company’s revenue was up 40.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. analysts anticipate that ServiceNow will post 0.16 EPS for the current fiscal year.

In related news, Director Ronald E. F. Codd sold 39,506 shares of ServiceNow stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $185.88, for a total transaction of $7,343,375.28. Following the sale, the director now owns 53,428 shares of the company’s stock, valued at approximately $9,931,196.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO David Schneider sold 2,372 shares of ServiceNow stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $168.70, for a total transaction of $400,156.40. Following the sale, the executive now directly owns 39,703 shares in the company, valued at approximately $6,697,896.10. The disclosure for this sale can be found here. In the last three months, insiders sold 304,155 shares of company stock worth $54,932,347. Insiders own 1.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in NOW. LPL Financial LLC grew its holdings in ServiceNow by 59.7% during the 4th quarter. LPL Financial LLC now owns 4,829 shares of the information technology services provider’s stock worth $630,000 after acquiring an additional 1,805 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in ServiceNow by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,528 shares of the information technology services provider’s stock worth $2,546,000 after acquiring an additional 590 shares in the last quarter. D.B. Root & Company LLC acquired a new position in ServiceNow during the 1st quarter worth $920,000. Dupont Capital Management Corp acquired a new position in ServiceNow during the 1st quarter worth $235,000. Finally, ARP Americas LP acquired a new position in ServiceNow during the 1st quarter worth $662,000. 96.65% of the stock is owned by institutional investors.

ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

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Analyst Recommendations for ServiceNow (NYSE:NOW)

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Finisar (FNSR) Given a $33.00 Price Target by Northland Securities Analysts

Finisar logo Finisar (NASDAQ:FNSR) has been assigned a $33.00 target price by Northland Securities in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the technology company’s stock. Northland Securities’ target price would indicate a potential upside of …

Finisar logoFinisar (NASDAQ:FNSR) has been assigned a $33.00 target price by Northland Securities in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the technology company’s stock. Northland Securities’ target price would indicate a potential upside of 61.37% from the stock’s previous close.

A number of other analysts have also commented on the company. Piper Jaffray Companies reissued a “buy” rating and set a $22.00 price objective on shares of Finisar in a report on Friday, December 8th. Zacks Investment Research lowered Finisar from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Needham & Company LLC reissued a “strong-buy” rating and set a $34.00 price objective (down from $44.00) on shares of Finisar in a report on Friday, September 8th. William Blair reissued an “ourperform” rating on shares of Finisar in a report on Thursday, September 7th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $30.00 price objective (down from $33.00) on shares of Finisar in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $28.35.

Finisar (NASDAQ:FNSR) traded down $0.18 during mid-day trading on Friday, reaching $20.45. The company had a trading volume of 3,061,800 shares, compared to its average volume of 3,709,417. Finisar has a fifty-two week low of $17.20 and a fifty-two week high of $36.41. The company has a current ratio of 7.81, a quick ratio of 6.31 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2,352.32, a P/E ratio of 11.69, a P/E/G ratio of 2.03 and a beta of 1.14.

Finisar (NASDAQ:FNSR) last posted its quarterly earnings results on Thursday, December 7th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Finisar had a return on equity of 9.51% and a net margin of 14.33%. The business had revenue of $332.21 million for the quarter, compared to the consensus estimate of $331.69 million. equities analysts predict that Finisar will post 0.73 EPS for the current year.

In other news, Chairman Jerry S. Rawls sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $22.89, for a total value of $457,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John H. Clark sold 6,186 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $24.90, for a total value of $154,031.40. Following the completion of the transaction, the executive vice president now directly owns 146,053 shares of the company’s stock, valued at $3,636,719.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,369 shares of company stock valued at $1,189,715. 1.02% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Finisar by 103.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,728 shares of the technology company’s stock valued at $127,000 after acquiring an additional 2,912 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Finisar by 43.9% in the second quarter. PNC Financial Services Group Inc. now owns 5,912 shares of the technology company’s stock valued at $153,000 after acquiring an additional 1,805 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Finisar by 598.3% in the third quarter. Cubist Systematic Strategies LLC now owns 7,004 shares of the technology company’s stock valued at $155,000 after acquiring an additional 6,001 shares in the last quarter. Cheyne Capital Management UK LLP bought a new position in shares of Finisar in the third quarter valued at approximately $155,000. Finally, Koch Industries Inc. bought a new position in shares of Finisar in the second quarter valued at approximately $201,000. 91.21% of the stock is owned by institutional investors.

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Finisar Company Profile

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks.

Analyst Recommendations for Finisar (NASDAQ:FNSR)

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