Tactile Systems Technology (NASDAQ:TCMD) Given Neutral Rating at B. Riley

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.

B. Riley reiterated their neutral rating on shares of Tactile Systems Technology (NASDAQ:TCMD - Free Report) in a research report released on Tuesday, Marketbeat.com reports. They currently have a $13.00 price target on the stock, up from their previous price target of $12.00. 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 brokerages have also weighed in on TCMD. Piper Sandler lowered Tactile Systems Technology from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $25.00 to $14.00 in a report on Tuesday, May 6th. Wall Street Zen lowered Tactile Systems Technology from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Tactile Systems Technology has an average rating of "Moderate Buy" and a consensus price target of $13.50.

Tactile Systems Technology Stock Performance

NASDAQ TCMD traded down $0.16 on Tuesday, reaching $12.28. The stock had a trading volume of 225,255 shares, compared to its average volume of 250,764. The stock has a market cap of $273.72 million, a P/E ratio of 19.81 and a beta of 0.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.99 and a current ratio of 3.79. The business's 50-day moving average price is $10.26 and its 200 day moving average price is $12.52. Tactile Systems Technology has a 12-month low of $8.61 and a 12-month high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The business had revenue of $78.91 million for 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%. As a group, equities analysts expect that Tactile Systems Technology will post 0.7 earnings per share for the current year.

Insiders Place Their Bets

In other Tactile Systems Technology news, CFO Elaine M. Birkemeyer sold 2,921 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $9.94, for a total value of $29,034.74. Following the sale, the chief financial officer owned 99,111 shares of the company's stock, valued at approximately $985,163.34. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company's stock.

Institutional Trading of Tactile Systems Technology

Several institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in Tactile Systems Technology by 64,350.0% during the first quarter. GAMMA Investing LLC now owns 2,578 shares of the company's stock worth $34,000 after buying an additional 2,574 shares during the period. Virtus Fund Advisers LLC lifted its position in Tactile Systems Technology by 142.0% during the fourth quarter. Virtus Fund Advisers LLC now owns 4,199 shares of the company's stock worth $72,000 after buying an additional 2,464 shares during the period. Quarry LP purchased a new position in Tactile Systems Technology during the fourth quarter worth about $81,000. Legal & General Group Plc lifted its position in Tactile Systems Technology by 33.2% during the fourth quarter. Legal & General Group Plc now owns 6,257 shares of the company's stock worth $107,000 after buying an additional 1,558 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new position in Tactile Systems Technology during the second quarter worth about $134,000. 83.43% of the stock is currently owned by hedge funds and other institutional investors.

About Tactile Systems Technology

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.