Charles Schwab Investment Management Inc. Has $1.31 Million Stock Position in Tactile Systems Technology, Inc. $TCMD

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Tactile Systems Technology, Inc. by 22.0%, now holding 99,175 shares valued at approximately $1.31 million.
• Research firms have mixed views on TCMD, with William Blair rating it a "strong-buy", while Piper Sandler downgraded it to "neutral" with a price target cut from $25.00 to $14.00.
• Tactile Systems Technology reported a quarterly earnings per share of $0.14, surpassing analyst expectations, and had revenues of $78.91 million, exceeding estimates of $73.93 million.

Charles Schwab Investment Management Inc. trimmed its position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 22.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,175 shares of the company's stock after selling 28,000 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.42% of Tactile Systems Technology worth $1,311,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Tactile Systems Technology by 29.2% during the fourth quarter. Wells Fargo & Company MN now owns 16,719 shares of the company's stock worth $286,000 after acquiring an additional 3,775 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Tactile Systems Technology during the fourth quarter worth about $330,000. Barclays PLC lifted its stake in shares of Tactile Systems Technology by 6.7% in the 4th quarter. Barclays PLC now owns 71,362 shares of the company's stock valued at $1,222,000 after acquiring an additional 4,477 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Tactile Systems Technology by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 901,551 shares of the company's stock valued at $15,444,000 after acquiring an additional 67,934 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in shares of Tactile Systems Technology in the 4th quarter valued at $145,000. 83.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TCMD. B. Riley reiterated a "neutral" rating and issued a $13.00 price target (up from $12.00) on shares of Tactile Systems Technology in a research note on Tuesday, August 5th. Wall Street Zen raised Tactile Systems Technology from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, William Blair raised Tactile Systems Technology to a "strong-buy" rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Tactile Systems Technology presently has an average rating of "Hold" and an average price target of $13.50.

Tactile Systems Technology Trading Up 0.3%

Shares of TCMD stock traded up $0.04 on Friday, hitting $13.46. The company had a trading volume of 138,415 shares, compared to its average volume of 205,553. The firm has a market cap of $300.02 million, a P/E ratio of 21.71 and a beta of 1.04. The stock's 50-day moving average is $11.41 and its two-hundred day moving average is $11.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.36 and a current ratio of 3.79. Tactile Systems Technology, Inc. has a twelve month low of $8.61 and a twelve month high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The firm had revenue of $78.91 million during the quarter, compared to the consensus estimate of $73.93 million. Tactile Systems Technology had a return on equity of 7.72% and a net margin of 5.06%. Tactile Systems Technology has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Sheri Louise Dodd sold 7,762 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $12.36, for a total value of $95,938.32. Following the transaction, the chief executive officer directly owned 173,479 shares of the company's stock, valued at $2,144,200.44. The trade was a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by corporate insiders.

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.