Tactile Systems Technology (NASDAQ:TCMD) Raised to Hold at B. Riley

B. Riley upgraded shares of Tactile Systems Technology (NASDAQ:TCMD - Free Report) to a hold rating in a research report report published on Wednesday, May 7th,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 analysts have also recently issued research reports about the stock. StockNews.com cut shares of Tactile Systems Technology from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Piper Sandler lowered shares of Tactile Systems Technology from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $25.00 to $14.00 in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $16.00.

Tactile Systems Technology Stock Performance

Shares of Tactile Systems Technology stock traded down $0.11 on Wednesday, reaching $9.47. 15,160 shares of the company traded hands, compared to its average volume of 262,753. 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 has a 52 week low of $8.61 and a 52 week high of $21.10. The company has a 50 day moving average of $13.03 and a 200 day moving average of $15.47. The firm has a market capitalization of $220.18 million, a PE ratio of 13.56 and a beta of 1.05.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last announced its quarterly 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 business had revenue of $61.27 million during the quarter, compared to the consensus estimate of $63.48 million. Tactile Systems Technology had a net margin of 5.79% and a return on equity of 9.37%. During the same period in the previous year, the business posted ($0.05) EPS. Equities analysts forecast that Tactile Systems Technology will post 0.7 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Elaine M. Birkemeyer sold 3,778 shares of the 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 of the company's stock, valued at approximately $1,530,240.60. This represents a 3.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William W. Burke sold 3,300 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $9.67, for a total value of $31,911.00. Following the transaction, the director now directly owns 48,520 shares of the company's stock, valued at $469,188.40. The trade was a 6.37% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,767 shares of company stock valued at $346,390. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tactile Systems Technology

A number of institutional investors and hedge funds have recently modified their holdings of TCMD. Trexquant Investment LP acquired a new stake in shares of Tactile Systems Technology during the first quarter worth approximately $232,000. Virtus Advisers LLC acquired a new stake in shares of Tactile Systems Technology during the 1st quarter worth approximately $198,000. AlphaQuest LLC raised its stake in shares of Tactile Systems Technology by 171.3% during the first quarter. AlphaQuest LLC now owns 25,084 shares of the company's stock valued at $332,000 after acquiring an additional 15,837 shares during the last quarter. Martingale Asset Management L P increased its position in shares of Tactile Systems Technology by 49.2% during the first quarter. Martingale Asset Management L P now owns 76,723 shares of the company's stock worth $1,014,000 after buying an additional 25,311 shares during the period. Finally, Algert Global LLC bought a new position in shares of Tactile Systems Technology during the first quarter valued at about $160,000. Institutional investors and hedge funds own 83.43% of the company's stock.

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.