Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) - Equities researchers at William Blair dropped their Q1 2025 EPS estimates for Tactile Systems Technology in a research note issued on Tuesday, May 7th. William Blair analyst M. Kaczor now forecasts that the company will earn ($0.09) per share for the quarter, down from their previous estimate of ($0.02). The consensus estimate for Tactile Systems Technology's current full-year earnings is $0.56 per share. William Blair also issued estimates for Tactile Systems Technology's FY2025 earnings at $0.68 EPS.
Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last posted its earnings results on Tuesday, February 20th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.25. Tactile Systems Technology had a return on equity of 17.08% and a net margin of 10.39%. The business had revenue of $77.65 million during the quarter, compared to analyst estimates of $78.85 million. During the same quarter last year, the company earned $0.29 EPS.
Separately, StockNews.com upgraded Tactile Systems Technology from a "buy" rating to a "strong-buy" rating in a research note on Tuesday.
View Our Latest Report on Tactile Systems Technology
Tactile Systems Technology Stock Performance
Shares of TCMD traded up $0.20 during trading hours on Thursday, hitting $14.05. The stock had a trading volume of 220,357 shares, compared to its average volume of 276,871. The stock has a fifty day moving average price of $15.19 and a 200 day moving average price of $14.19. Tactile Systems Technology has a 12 month low of $9.69 and a 12 month high of $26.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.54 and a quick ratio of 2.99. The firm has a market capitalization of $333.81 million, a PE ratio of 11.71 and a beta of 1.23.
Insider Buying and Selling at Tactile Systems Technology
In related news, VP Kristie Burns sold 2,249 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $14.80, for a total transaction of $33,285.20. Following the completion of the sale, the vice president now owns 53,765 shares in the company, valued at $795,722. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tactile Systems Technology news, CEO Daniel L. Reuvers sold 6,239 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.81, for a total transaction of $98,638.59. Following the completion of the transaction, the chief executive officer now owns 244,112 shares of the company's stock, valued at approximately $3,859,410.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kristie Burns sold 2,249 shares of Tactile Systems Technology stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $14.80, for a total value of $33,285.20. Following the completion of the sale, the vice president now directly owns 53,765 shares in the company, valued at $795,722. The disclosure for this sale can be found here. Insiders have sold a total of 18,335 shares of company stock valued at $280,532 over the last ninety days. 1.40% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Tactile Systems Technology
Several institutional investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI grew its position in Tactile Systems Technology by 94.8% in the first quarter. Arcadia Investment Management Corp MI now owns 1,570 shares of the company's stock worth $25,000 after acquiring an additional 764 shares in the last quarter. Covestor Ltd increased its position in shares of Tactile Systems Technology by 69.4% during the 3rd quarter. Covestor Ltd now owns 2,872 shares of the company's stock valued at $40,000 after purchasing an additional 1,177 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Tactile Systems Technology by 11.9% during the 4th quarter. New York State Common Retirement Fund now owns 12,019 shares of the company's stock valued at $172,000 after purchasing an additional 1,274 shares during the last quarter. Palisade Asset Management LLC bought a new stake in Tactile Systems Technology in the first quarter worth $32,000. Finally, New York State Teachers Retirement System purchased a new position in Tactile Systems Technology during the third quarter worth $29,000. Hedge funds and other institutional investors own 83.43% of the company's stock.
Tactile Systems Technology Company Profile
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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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