Tactile Systems Technology, Inc. (NASDAQ:TCMD) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Tactile Systems Technology, Inc. (NASDAQ: TCMD) received an average consensus rating of "Hold" from five research firms, with four analysts recommending hold and one strong buy.
• The company reported a net income of $0.14 per share for the last quarter, surpassing estimates, and had a revenue of $78.91 million, indicating solid performance.
• Insider activity revealed that CEO Sheri Louise Dodd sold 7,762 shares of the firm’s stock, resulting in a 4.28% decrease in their ownership stake.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report) have been assigned an average recommendation of "Hold" from the five ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.50.

A number of research firms have issued reports on TCMD. B. Riley reiterated a "neutral" rating and issued a $13.00 target price (up previously from $12.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 5th. Piper Sandler lowered shares of Tactile Systems Technology from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $25.00 to $14.00 in a report on Tuesday, May 6th. 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. Finally, William Blair raised shares of Tactile Systems Technology to a "strong-buy" rating in a research note on Tuesday, August 5th.

Insider Buying and Selling at Tactile Systems Technology

In related news, CEO Sheri Louise Dodd sold 7,762 shares of the business's stock in a transaction on 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 $2,144,200.44. The trade was a 4.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of Tactile Systems Technology

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Tactile Systems Technology by 64,350.0% in the first quarter. GAMMA Investing LLC now owns 2,578 shares of the company's stock valued at $34,000 after buying an additional 2,574 shares during the period. Virtus Fund Advisers LLC increased its position 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 period. Oxford Asset Management LLP acquired a new position in Tactile Systems Technology in the 2nd quarter valued at approximately $124,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Tactile Systems Technology during the second quarter valued at $134,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Tactile Systems Technology during the first quarter worth $138,000. 83.43% of the stock is owned by institutional investors and hedge funds.

Tactile Systems Technology Price Performance

Shares of NASDAQ TCMD traded down $0.45 during trading hours on Friday, hitting $13.00. 117,446 shares of the stock were exchanged, compared to its average volume of 273,337. The company's fifty day simple moving average is $11.22 and its two-hundred day simple moving average is $11.99. The company has a market cap of $289.80 million, a PE ratio of 20.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.36 and a current ratio of 3.79. Tactile Systems Technology has a 1-year low of $8.61 and a 1-year high of $21.10.

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. Tactile Systems Technology had a return on equity of 7.72% and a net margin of 5.06%.The firm had revenue of $78.91 million for the quarter, compared to the consensus estimate of $73.93 million. Tactile Systems Technology has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Tactile Systems Technology will post 0.7 EPS for the current 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.