B. Riley upgraded shares of Tactile Systems Technology (NASDAQ:TCMD - Free Report) to a hold rating in a report published on Wednesday morning,Zacks.com reports. B. Riley also issued estimates for Tactile Systems Technology's Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $0.57 EPS and FY2026 earnings at $0.82 EPS.
Other equities research analysts have also recently issued research reports about the stock. Piper Sandler cut shares of Tactile Systems Technology from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $25.00 to $14.00 in a research note on Tuesday, May 6th. StockNews.com lowered Tactile Systems Technology from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Tactile Systems Technology has a consensus rating of "Hold" and a consensus target price of $16.00.
Get Our Latest Stock Analysis on Tactile Systems Technology
Tactile Systems Technology Stock Performance
Shares of TCMD traded up $0.24 during trading hours on Wednesday, hitting $9.96. The stock had a trading volume of 72,499 shares, compared to its average volume of 260,645. Tactile Systems Technology has a 12 month low of $8.61 and a 12 month high of $21.10. The firm has a market capitalization of $231.53 million, a PE ratio of 14.19 and a beta of 1.05. The stock has a fifty day moving average price of $13.21 and a 200 day moving average price of $15.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.36 and a quick ratio of 3.80.
Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The company had revenue of $61.27 million during the quarter, compared to analysts' expectations of $63.48 million. Tactile Systems Technology had a return on equity of 9.37% and a net margin of 5.79%. During the same quarter last year, the firm posted ($0.05) EPS. Analysts anticipate that Tactile Systems Technology will post 0.7 EPS for the current year.
Insider Buying and Selling
In other news, CFO Elaine M. Birkemeyer sold 3,778 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $14.70, for a total transaction of $55,536.60. Following the completion of the transaction, the chief financial officer now directly owns 104,098 shares in the company, valued at $1,530,240.60. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel L. Reuvers sold 10,938 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $14.55, for a total value of $159,147.90. Following the completion of the transaction, the director now directly owns 242,942 shares of the company's stock, valued at approximately $3,534,806.10. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,846 shares of company stock worth $317,355 over the last quarter. 2.50% of the stock is owned by company insiders.
Hedge Funds Weigh In On Tactile Systems Technology
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new position in shares of Tactile Systems Technology during the fourth quarter valued at $2,793,000. Norges Bank bought a new stake in shares of Tactile Systems Technology in the fourth quarter worth about $2,534,000. Renaissance Technologies LLC lifted its holdings in shares of Tactile Systems Technology by 44.0% during the 4th quarter. Renaissance Technologies LLC now owns 451,100 shares of the company's stock valued at $7,727,000 after purchasing an additional 137,900 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Tactile Systems Technology during the 1st quarter worth approximately $1,160,000. Finally, Janney Montgomery Scott LLC bought a new position in Tactile Systems Technology in the fourth quarter valued at approximately $1,328,000. 83.43% of the stock is currently owned by institutional investors and hedge funds.
About Tactile Systems Technology
(
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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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