Paradigm Capital Management Inc. NY Reduces Stake in Tactile Systems Technology, Inc. $TCMD

Key Points

• Paradigm Capital Management Inc. reduced its stake in Tactile Systems Technology by 8.0% during the first quarter, selling 133,300 shares, which now constitutes 1.1% of their portfolio.
• In recent analyst ratings, William Blair upgraded the stock to a "strong-buy," while Piper Sandler downgraded it to "neutral," reducing the target price from $25.00 to $14.00.
• CEO Sheri Louise Dodd sold 7,762 shares at an average price of $12.36, resulting in a transaction value of nearly $96,000, representing a 4.28% decrease in her ownership in the company.

Paradigm Capital Management Inc. NY lowered its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,529,000 shares of the company's stock after selling 133,300 shares during the period. Tactile Systems Technology accounts for about 1.1% of Paradigm Capital Management Inc. NY's investment portfolio, making the stock its 24th largest position. Paradigm Capital Management Inc. NY owned about 6.58% of Tactile Systems Technology worth $20,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Tactile Systems Technology by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,501,006 shares of the company's stock valued at $19,843,000 after buying an additional 17,314 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Tactile Systems Technology by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 901,551 shares of the company's stock valued at $15,444,000 after buying an additional 67,934 shares during the last quarter. Deutsche Bank AG raised its position in shares of Tactile Systems Technology by 1.0% during the first quarter. Deutsche Bank AG now owns 623,033 shares of the company's stock valued at $8,236,000 after buying an additional 6,421 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Tactile Systems Technology by 0.7% in the fourth quarter. Northern Trust Corp now owns 205,914 shares of the company's stock valued at $3,527,000 after purchasing an additional 1,371 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Tactile Systems Technology by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 163,283 shares of the company's stock valued at $2,159,000 after purchasing an additional 5,303 shares in the last quarter. Institutional investors own 83.43% of the company's stock.

Insider Buying and Selling at Tactile Systems Technology

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 transaction of $95,938.32. Following the sale, the chief executive officer owned 173,479 shares in the company, valued at approximately $2,144,200.44. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TCMD. William Blair raised shares of Tactile Systems Technology to a "strong-buy" rating in a report on Tuesday, August 5th. B. Riley reissued a "neutral" rating and issued a $13.00 target price (up from $12.00) on shares of Tactile Systems Technology in a report 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 investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $13.50.

Tactile Systems Technology Stock Up 1.4%

Shares of TCMD stock traded up $0.18 on Thursday, hitting $13.42. The stock had a trading volume of 152,209 shares, compared to its average volume of 273,889. The company has a market cap of $299.13 million, a PE ratio of 21.65 and a beta of 1.04. 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 business has a 50 day moving average price of $11.28 and a 200 day moving average price of $12.00. 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 announced its earnings results on Monday, August 4th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The business had revenue of $78.91 million during 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. Research analysts anticipate that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current fiscal year.

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.