Kopp Family Office LLC Boosts Stock Holdings in Tactile Systems Technology, Inc. $TCMD

Key Points

• Kopp Family Office LLC has increased its shareholding in Tactile Systems Technology, Inc. by 49.8%, owning a total of 135,543 shares after acquiring additional shares in the second quarter.
• The company reported earnings of $0.14 EPS for the last quarter, exceeding analysts' expectations of $0.09, with revenues of $78.91 million.
• Wall Street analysts have recently upgraded Tactile Systems Technology's rating, with one analyst giving a "strong-buy" rating and a consensus target price of $13.50.

Kopp Family Office LLC boosted its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 49.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,543 shares of the company's stock after acquiring an additional 45,058 shares during the period. Tactile Systems Technology accounts for 0.9% of Kopp Family Office LLC's portfolio, making the stock its 20th largest holding. Kopp Family Office LLC owned approximately 0.58% of Tactile Systems Technology worth $1,374,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TCMD. 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 valued at $34,000 after purchasing an additional 2,574 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Tactile Systems Technology during the first quarter valued at $138,000. Algert Global LLC bought a new position in Tactile Systems Technology during the first quarter valued at $160,000. Virtus Advisers LLC bought a new position in Tactile Systems Technology during the first quarter valued at $198,000. Finally, Trexquant Investment LP bought a new position in Tactile Systems Technology during the first quarter valued at $232,000. 83.43% of the stock is owned by hedge funds and other institutional investors.

Tactile Systems Technology Trading Up 0.1%

NASDAQ TCMD opened at $14.17 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.36 and a current ratio of 3.79. The company has a market capitalization of $315.85 million, a price-to-earnings ratio of 22.85 and a beta of 1.04. The company's 50-day simple moving average is $12.29 and its two-hundred day simple moving average is $11.86. Tactile Systems Technology, Inc. has a one year low of $8.61 and a one year high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.14 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 the consensus estimate of $73.93 million. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 7.72%. Tactile Systems Technology has set its FY 2025 guidance at EPS. Equities analysts forecast that Tactile Systems Technology, Inc. will post 0.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. William Blair upgraded shares of Tactile Systems Technology to a "strong-buy" rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of Tactile Systems Technology from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, B. Riley reiterated a "neutral" rating and set a $13.00 price objective (up previously from $12.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $13.50.

Insider Buying and Selling

In other Tactile Systems Technology news, CEO Sheri Louise Dodd sold 7,762 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $12.36, for a total transaction of $95,938.32. Following the transaction, the chief executive officer owned 173,479 shares of the company's stock, valued at approximately $2,144,200.44. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company's stock.

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.

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