Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05, Zacks reports. The company had revenue of $78.91 million for the quarter, compared to analyst estimates of $73.93 million. Tactile Systems Technology had a return on equity of 7.72% and a net margin of 5.06%. Tactile Systems Technology updated its FY 2025 guidance to EPS.
Tactile Systems Technology Price Performance
TCMD traded down $0.17 during trading on Friday, hitting $12.27. The company's stock had a trading volume of 82,968 shares, compared to its average volume of 280,085. The firm's 50 day moving average price is $10.22 and its two-hundred day moving average price is $12.60. The company has a quick ratio of 3.99, a current ratio of 3.79 and a debt-to-equity ratio of 0.11. Tactile Systems Technology has a 12 month low of $8.61 and a 12 month high of $21.10. The stock has a market capitalization of $273.59 million, a price-to-earnings ratio of 19.78 and a beta of 0.96.
Analysts Set New Price Targets
Several analysts recently commented on the company. Wall Street Zen lowered Tactile Systems Technology from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Piper Sandler lowered 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 research note on Tuesday, May 6th. William Blair raised Tactile Systems Technology to a "strong-buy" rating in a research note on Tuesday. Finally, B. Riley reaffirmed a "neutral" rating and issued a $13.00 price target (up previously from $12.00) on shares of Tactile Systems Technology in a research note on Tuesday. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $13.50.
Check Out Our Latest Stock Report on Tactile Systems Technology
Insider Transactions at Tactile Systems Technology
In other news, CFO Elaine M. Birkemeyer sold 2,921 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $9.94, for a total transaction of $29,034.74. Following the completion of the sale, the chief financial officer owned 99,111 shares in the company, valued at $985,163.34. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.50% of the company's stock.
Institutional Investors Weigh In On Tactile Systems Technology
An institutional investor recently raised its position in Tactile Systems Technology stock. Goldman Sachs Group Inc. raised its holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 186,936 shares of the company's stock after acquiring an additional 3,898 shares during the period. Goldman Sachs Group Inc. owned about 0.80% of Tactile Systems Technology worth $2,471,000 as of its most recent filing with the Securities and Exchange Commission. 83.43% of the stock is owned by institutional investors and hedge funds.
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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