B. Riley Reiterates Neutral Rating for Tactile Systems Technology (NASDAQ:TCMD)

Key Points

• B. Riley Research has raised the price target for Tactile Systems Technology (TCMD) from $12.00 to $13.00, indicating a potential upside of 8.70% from the last closing price, while maintaining a "neutral" rating on the stock.
• Other analysts have recently downgraded TCMD, with Wall Street Zen shifting from a "buy" to a "hold" rating and Piper Sandler reducing their target from $25.00 to $14.00, reflecting a more cautious outlook.
• Tactile Systems Technology's recent quarterly earnings exceeded analyst expectations, reporting earnings of $0.14 per share on revenues of $78.91 million, outperforming the consensus estimates significantly.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report)'s stock had its "neutral" rating reissued by research analysts at B. Riley in a report released on Tuesday, MarketBeat reports. They currently have a $13.00 target price on the stock, up from their prior target price of $12.00. B. Riley's price objective suggests a potential upside of 4.50% from the company's current price. B. Riley also issued estimates for Tactile Systems Technology's Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.48 EPS, FY2025 earnings at $0.63 EPS, Q1 2026 earnings at ($0.15) EPS, Q2 2026 earnings at $0.25 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.55 EPS and FY2026 earnings at $0.91 EPS.

A number of other research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Tactile Systems Technology from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Piper Sandler cut Tactile Systems Technology from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $25.00 to $14.00 in a research report on Tuesday, May 6th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $13.50.

Tactile Systems Technology Stock Performance

Shares of NASDAQ TCMD traded up $0.42 during midday trading on Tuesday, hitting $12.44. 305,956 shares of the company's stock were exchanged, compared to its average volume of 241,694. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.79 and a quick ratio of 3.99. Tactile Systems Technology has a twelve month low of $8.61 and a twelve month high of $21.10. The stock's 50 day moving average price is $10.22 and its 200-day moving average price is $12.60. The firm has a market cap of $277.29 million, a P/E ratio of 20.06 and a beta of 0.96.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $78.91 million during the quarter, compared to analyst estimates of $73.93 million. Tactile Systems Technology had a return on equity of 7.72% and a net margin of 5.06%. Equities research analysts anticipate that Tactile Systems Technology will post 0.7 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Elaine M. Birkemeyer sold 2,921 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $9.94, for a total transaction of $29,034.74. Following the sale, the chief financial officer owned 99,111 shares in the company, valued at approximately $985,163.34. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Tactile Systems Technology

A number of hedge funds have recently made changes to their positions in TCMD. Raymond James Financial Inc. bought a new position in Tactile Systems Technology in the 4th quarter valued at about $330,000. American Century Companies Inc. boosted its position in shares of Tactile Systems Technology by 21.8% in the fourth quarter. American Century Companies Inc. now owns 39,161 shares of the company's stock valued at $671,000 after acquiring an additional 7,001 shares during the period. LPL Financial LLC bought a new position in Tactile Systems Technology in the 4th quarter worth about $256,000. Vanguard Group Inc. raised its position in Tactile Systems Technology by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 1,483,692 shares of the company's stock valued at $25,416,000 after purchasing an additional 4,509 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Tactile Systems Technology by 45.2% during the 4th quarter. JPMorgan Chase & Co. now owns 41,961 shares of the company's stock valued at $719,000 after purchasing an additional 13,059 shares during the last quarter. 83.43% of the stock is currently owned by institutional investors.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.