Tactile Systems Technology, Inc. (NASDAQ:TCMD) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts have a consensus rating of Moderate Buy on Tactile Systems (7 analysts: 4 buy, 2 hold, 1 strong buy) with an average 12‑month price target of $38.60, and several firms (Piper Sandler, BTIG, B. Riley, Lake Street) recently raised targets up to $42.
• In the latest quarter Tactile reported an EPS miss of ($0.08) vs. ($0.07) expected but beat revenue at $75.27M vs. $70.57M; shares opened at $26.01, market cap ~$586.8M, P/E ~29.6, and a 52‑week range of $9.34–$37.77.
• Insiders have been net sellers — including CEO and VP transactions with total insider sales of 50,137 shares (~$1.43M) last quarter — while institutional ownership is high at 83.43% and several large funds (Goldman, American Century, Norges Bank) have recently increased or established positions.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $38.60.

Several analysts recently issued reports on TCMD shares. B. Riley Financial raised Tactile Systems Technology from a "neutral" rating to a "buy" rating and lifted their target price for the company from $32.00 to $36.00 in a research note on Thursday. BTIG Research increased their price objective on shares of Tactile Systems Technology from $38.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday. Lake Street Capital set a $40.00 target price on shares of Tactile Systems Technology and gave the stock a "buy" rating in a report on Wednesday, February 18th. Piper Sandler boosted their target price on shares of Tactile Systems Technology from $35.00 to $42.00 and gave the stock an "overweight" rating in a report on Wednesday, February 18th. Finally, Weiss Ratings downgraded shares of Tactile Systems Technology from a "hold (c+)" rating to a "hold (c-)" rating in a report on Wednesday.

Tactile Systems Technology Stock Performance

Shares of NASDAQ:TCMD opened at $26.01 on Friday. The stock has a market capitalization of $586.79 million, a price-to-earnings ratio of 29.56 and a beta of 0.82. The stock's 50-day simple moving average is $26.21 and its two-hundred day simple moving average is $26.26. Tactile Systems Technology has a 52-week low of $9.34 and a 52-week high of $37.77.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.01). Tactile Systems Technology had a net margin of 5.91% and a return on equity of 9.70%. The company had revenue of $75.27 million for the quarter, compared to analysts' expectations of $70.57 million. As a group, equities analysts forecast that Tactile Systems Technology will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Tactile Systems Technology

In other news, CEO Sheri Louise Dodd sold 15,240 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $28.30, for a total transaction of $431,292.00. Following the sale, the chief executive officer directly owned 254,878 shares of the company's stock, valued at $7,213,047.40. This represents a 5.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kristie Burns sold 6,246 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $28.94, for a total value of $180,759.24. Following the sale, the vice president directly owned 82,581 shares in the company, valued at $2,389,894.14. This trade represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 50,137 shares of company stock valued at $1,434,839. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tactile Systems Technology

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in Tactile Systems Technology by 2.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 186,936 shares of the company's stock valued at $2,471,000 after acquiring an additional 3,898 shares during the last quarter. Rhumbline Advisers grew its position in Tactile Systems Technology by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 37,780 shares of the company's stock valued at $383,000 after acquiring an additional 1,441 shares during the last quarter. American Century Companies Inc. grew its position in Tactile Systems Technology by 11.2% in the 2nd quarter. American Century Companies Inc. now owns 53,264 shares of the company's stock valued at $540,000 after acquiring an additional 5,364 shares during the last quarter. Prudential Financial Inc. grew its position in Tactile Systems Technology by 3.5% in the 2nd quarter. Prudential Financial Inc. now owns 24,360 shares of the company's stock valued at $247,000 after acquiring an additional 835 shares during the last quarter. Finally, Norges Bank bought a new position in Tactile Systems Technology in the 2nd quarter valued at $1,464,000. Institutional investors own 83.43% of the company's stock.

About Tactile Systems Technology

Tactile Systems Technology, Inc, headquartered in Plymouth, Minnesota, is a medical device company specializing in the design, manufacture and marketing of home-use pneumatic compression therapy systems for the treatment of lymphedema and other chronic edema-related conditions. Using proprietary software and patented pump technologies, the company's platforms are designed to improve patient outcomes through sequential pressure treatment that promotes fluid mobilization and enhanced lymphatic function.

At the core of Tactile Systems' product portfolio is the Flexitouch® system, a programmable pneumatic pump and garment system approved for home use, and the Aria® device, which features an intuitive touchscreen interface and advanced garment design.

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