Tactile Systems Technology, Inc. (NASDAQ:TCMD) Given Consensus Recommendation of “Hold” by Analysts

Tactile Systems Technology, Inc. (NASDAQ:TCMD) has been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $16.8333.

Several research analysts have recently issued reports 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 from $12.00) on shares of Tactile Systems Technology in a report on Tuesday, August 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tactile Systems Technology in a report on Wednesday, October 8th. Finally, Lake Street Capital assumed 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 for the company.

Tactile Systems Technology Price Performance

NASDAQ TCMD opened at $14.53 on Monday. Tactile Systems Technology has a 52 week low of $8.61 and a 52 week high of $21.10. The company has a current ratio of 3.79, a quick ratio of 3.36 and a debt-to-equity ratio of 0.11. The stock has a market cap of $323.87 million, a price-to-earnings ratio of 23.44 and a beta of 1.04. The company has a 50-day moving average price of $13.65 and a two-hundred day moving average price of $11.96.

Tactile Systems Technology (NASDAQ:TCMD) last posted its earnings results on Monday, August 4th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $78.91 million during the quarter, compared to analysts’ expectations of $73.93 million. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 7.72%. Tactile Systems Technology has set its FY 2025 guidance at EPS. Analysts forecast that Tactile Systems Technology will post 0.7 EPS for the current year.

Insider Buying and Selling

In related news, CEO Sheri Louise Dodd sold 7,762 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $12.36, for a total transaction of $95,938.32. Following the completion of the sale, the chief executive officer directly owned 173,479 shares of the company’s stock, valued at $2,144,200.44. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Tactile Systems Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. raised its holdings in shares of Tactile Systems Technology by 3.5% during the 2nd quarter. Prudential Financial Inc. now owns 24,360 shares of the company’s stock valued at $247,000 after purchasing an additional 835 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Tactile Systems Technology by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 67,249 shares of the company’s stock valued at $682,000 after purchasing an additional 1,029 shares in the last quarter. Hohimer Wealth Management LLC raised its holdings in shares of Tactile Systems Technology by 4.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 24,035 shares of the company’s stock valued at $318,000 after purchasing an additional 1,040 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Tactile Systems Technology by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 37,780 shares of the company’s stock valued at $383,000 after purchasing an additional 1,441 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Tactile Systems Technology by 64,350.0% during the 1st quarter. GAMMA Investing LLC now owns 2,578 shares of the company’s stock valued at $34,000 after purchasing an additional 2,574 shares in the last quarter. 83.43% of the stock is owned by institutional investors and hedge funds.

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.