Tactile Systems Technology, Inc. (NASDAQ:TCMD) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Tactile Systems Technology, Inc. has received a consensus recommendation of "Hold" from seven brokerages, with five firms providing hold ratings, one a buy rating, and one a strong buy.
• The company's CEO, Sheri Louise Dodd, sold 7,762 shares at an average price of $12.36, reducing her stake by 4.28% and retaining 173,479 shares valued at approximately $2.14 million.
• For the last quarter, Tactile Systems Technology reported an earnings per share (EPS) of $0.14, exceeding analysts' expectations of $0.09, along with a revenue of $78.91 million.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $16.8333.

A number of equities analysts have commented on TCMD shares. Lake Street Capital started coverage on shares of Tactile Systems Technology in a report on Friday, October 3rd. They issued a "buy" rating and a $23.50 price objective on the stock. Wall Street Zen upgraded shares of Tactile Systems Technology from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. William Blair upgraded shares of Tactile Systems Technology to a "strong-buy" rating in a report on Tuesday, August 5th. B. Riley reiterated a "neutral" rating and issued a $13.00 price objective (up previously from $12.00) on shares of Tactile Systems Technology in a report on Tuesday, August 5th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Tactile Systems Technology in a research note on Wednesday, October 8th.

Insider Activity

In other news, CEO Sheri Louise Dodd sold 7,762 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $12.36, for a total value 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. This represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company's stock.

Institutional Investors Weigh In On Tactile Systems Technology

A number of institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its stake in Tactile Systems Technology by 248.3% during the second quarter. Acadian Asset Management LLC now owns 683,662 shares of the company's stock worth $6,930,000 after acquiring an additional 487,392 shares during the period. Federated Hermes Inc. grew its position in Tactile Systems Technology by 42.7% in the 2nd quarter. Federated Hermes Inc. now owns 551,561 shares of the company's stock worth $5,593,000 after purchasing an additional 165,163 shares during the last quarter. Norges Bank bought a new position in Tactile Systems Technology in the 2nd quarter worth about $1,464,000. Paradigm Capital Management Inc. NY grew its position in Tactile Systems Technology by 5.9% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,618,600 shares of the company's stock worth $16,413,000 after purchasing an additional 89,600 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in Tactile Systems Technology in the 1st quarter worth about $1,160,000. Institutional investors and hedge funds own 83.43% of the company's stock.

Tactile Systems Technology Stock Performance

Shares of TCMD stock opened at $14.53 on Monday. Tactile Systems Technology has a 12 month low of $8.61 and a 12 month high of $21.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.79 and a quick ratio of 3.36. The firm has a market capitalization of $323.87 million, a P/E ratio of 23.44 and a beta of 1.04. The company's fifty day moving average price is $13.65 and its two-hundred day moving average price is $11.96.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 7.72%. The firm had revenue of $78.91 million for the quarter, compared to analyst estimates of $73.93 million. Tactile Systems Technology has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Tactile Systems Technology 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.

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