SVB Leerink Will increase Tandem Diabetes Care (NASDAQ:TNDM) Value Goal to $102.00


Tandem Diabetes Care (NASDAQ: TNDM) The price target was raised from USD 95.00 to USD 102.00 by stock researchers at SVB Leerink in a report published on Thursday, Benzinga reports. The broker currently has a “Market Perform” rating for the medical device company’s stock. The price target of SVB Leerink indicates a potential plus of 14.81% compared to the previous closing of the company.

Several other stock analysts have also rated TNDM. Lake Street Capital raised its target price on Tandem Diabetes Care from $ 137.00 to $ 150.00 and gave the stock a “Buy” rating in a report on Thursday, February 25th. Oppenheimer reassigned a buy rating to shares of Tandem Diabetes Care in a report on Wednesday March 31st. Eventually, Zacks Investment Research downgraded Tandem Diabetes Care from a “buy” rating to a “hold” rating and set a price target of $ 101.00 for the company. in a report on Monday March 1st. Four research analysts have given the company a hold rating and nine have given it a buy rating. Tandem Diabetes Care currently has a consensus rating of “Buy” and a consensus target of $ 118.46.

TNDM opened at $ 88.84 on Thursday. Tandem Diabetes Care has a fifty-two week low of $ 75.26 and a fifty-two week high of $ 123.74. The company has a 50-day moving average of $ 89.28 and a 200-day moving average of $ 95.41. The company has a leverage ratio of 0.61, a fast rate of 4.94, and a current rate of 5.61. The company has a market cap of $ 5.56 billion, a P / E of -109.68, and a beta of 0.31.

Tandem Diabetes Care (NASDAQ: TNDM) last released its results on Wednesday May 5th. The medical device company reported earnings per share of $ 0.08 for the quarter, beating Zacks’ consensus estimate of $ 0.16 by $ 0.08. Tandem Diabetes Care had a negative net margin of 11.10% and a negative return on equity of 10.98%. Analysts from stock studies predict that Tandem Diabetes Care will achieve earnings per share of -0.35 in the current fiscal year.


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In related news, director Kim D. Blickenstaff sold 200,000 shares in the company in a transaction dated Tuesday, March 16. The stock was sold at an average price of $ 87.27 for a total transaction of $ 17,454,000.00. In addition, EVP David B. Berger sold 8,646 shares in the company in a transaction that occurred on Thursday, March 11th. The stock sold at an average price of $ 90.22 for a total value of $ 780,042.12. Upon completion of the sale, the executive vice president now owns 13,212 shares in the company valued at approximately $ 1,191,986.64. The disclosure for this sale can be found here. Insiders sold 211,844 shares in the company last quarter, valued at $ 18,537,916. 6.00% of the shares are owned by insiders.

Several institutional investors recently changed their positions in TNDM. Monday A & Associates Inc. bought a new position in Tandem Diabetes Care shares for $ 31,000 in the fourth quarter. Manchester Financial Inc. increased its stake in Tandem Diabetes Care by 48.4% in the fourth quarter. Manchester Financial Inc. now owns 371 shares in the medical device company valued at $ 35,000 after purchasing an additional 121 shares last quarter. IFP Advisors Inc took a new position in shares of Tandem Diabetes Care valued at approximately $ 50,000 in the first quarter. GPS Wealth Strategies Group LLC acquired a new stake in Tandem Diabetes Care worth approximately $ 57,000 in the first quarter. Finally, US Bancorp DE increased its stake in Tandem Diabetes Care by 16.4% in the fourth quarter. US Bancorp DE now owns 795 shares in the medical device company valued at $ 76,000 after purchasing an additional 112 shares during the period. 88.60% of the shares belong to institutional investors.

Tandem Diabetes Care company profile

Tandem Diabetes Care, Inc, a medical device company, designs, develops, and markets a variety of products for people with insulin-dependent diabetes in the United States. The company’s flagship is the t: slim X2 insulin delivery system, a pump platform that includes the t: slim X2 pump, the disposable 300-unit insulin cartridge and an infusion set.

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Analyst Recommendations for Tandem Diabetes Care (NASDAQ: TNDM)

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