Nuveen LLC acquired a new position in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,198 shares of the company's stock, valued at approximately $783,000. Nuveen LLC owned 0.25% of Tactile Systems Technology as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Tactile Systems Technology by 64,350.0% in the first quarter. GAMMA Investing LLC now owns 2,578 shares of the company's stock worth $34,000 after purchasing an additional 2,574 shares during the period. Virtus Fund Advisers LLC lifted its holdings in Tactile Systems Technology by 142.0% in the 4th quarter. Virtus Fund Advisers LLC now owns 4,199 shares of the company's stock valued at $72,000 after acquiring an additional 2,464 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in Tactile Systems Technology in the 4th quarter valued at about $145,000. Squarepoint Ops LLC acquired a new stake in Tactile Systems Technology in the 4th quarter valued at about $239,000. Finally, Wells Fargo & Company MN lifted its holdings in Tactile Systems Technology by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 16,719 shares of the company's stock valued at $286,000 after acquiring an additional 3,775 shares during the last quarter. Institutional investors and hedge funds own 83.43% of the company's stock.
Insider Buying and Selling
In related news, CEO Sheri Louise Dodd sold 7,762 shares of the stock in a transaction that occurred on 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 owned 173,479 shares in the company, valued at approximately $2,144,200.44. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on TCMD shares. William Blair raised shares of Tactile Systems Technology to a "strong-buy" rating in a research note on Tuesday, August 5th. B. Riley reaffirmed a "neutral" rating and set a $13.00 price objective (up from $12.00) on shares of Tactile Systems Technology in a research note on Tuesday, August 5th. Finally, Wall Street Zen raised shares of Tactile Systems Technology from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $13.50.
Check Out Our Latest Analysis on TCMD
Tactile Systems Technology Stock Up 0.3%
Shares of TCMD traded up $0.04 during trading hours on Friday, reaching $13.46. The company's stock had a trading volume of 138,415 shares, compared to its average volume of 201,219. The firm has a market cap of $300.02 million, a price-to-earnings ratio of 21.71 and a beta of 1.03. Tactile Systems Technology, Inc. has a 1-year low of $8.61 and a 1-year high of $21.10. The company has a quick ratio of 3.36, a current ratio of 3.79 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $11.41 and a two-hundred day moving average of $11.89.
Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The company had revenue of $78.91 million for 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. As a group, research analysts predict that Tactile Systems Technology, Inc. will post 0.7 EPS for the current fiscal year.
About Tactile Systems Technology
(
Free Report)
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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