Tactile Systems Technology (NASDAQ:TCMD) Issues Quarterly Earnings Results

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06), Zacks reports. Tactile Systems Technology had a net margin of 5.79% and a return on equity of 9.37%. The business had revenue of $61.27 million for the quarter, compared to analysts' expectations of $63.48 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. Tactile Systems Technology updated its FY 2025 guidance to EPS.

Tactile Systems Technology Trading Up 2.8 %

NASDAQ TCMD traded up $0.27 during trading on Thursday, hitting $9.91. The stock had a trading volume of 252,381 shares, compared to its average volume of 259,364. Tactile Systems Technology has a one year low of $8.61 and a one year high of $21.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.80 and a current ratio of 4.36. The stock has a market capitalization of $234.53 million, a price-to-earnings ratio of 14.16 and a beta of 1.05. The stock has a 50 day simple moving average of $13.48 and a 200 day simple moving average of $15.63.

Insider Activity

In related news, Director Daniel L. Reuvers sold 10,938 shares of Tactile Systems Technology stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $14.55, for a total value of $159,147.90. Following the sale, the director now directly owns 242,942 shares in the company, valued at approximately $3,534,806.10. The trade was a 4.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Elaine M. Birkemeyer sold 3,778 shares of Tactile Systems Technology stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $14.70, for a total value of $55,536.60. Following the completion of the sale, the chief financial officer now directly owns 104,098 shares in the company, valued at $1,530,240.60. This represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,546 shares of company stock worth $285,444. Insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler lowered Tactile Systems Technology from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $25.00 to $14.00 in a research report on Tuesday. B. Riley downgraded shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating and decreased their target price for the company from $23.00 to $18.00 in a research note on Wednesday, February 19th. Finally, StockNews.com cut Tactile Systems Technology from a "buy" rating to a "hold" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $16.00.

About Tactile Systems Technology

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.