Y Intercept Hong Kong Ltd Makes New Investment in Tactile Systems Technology, Inc. $TCMD

Y Intercept Hong Kong Ltd acquired a new stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 48,976 shares of the company’s stock, valued at approximately $497,000. Y Intercept Hong Kong Ltd owned approximately 0.21% of Tactile Systems Technology at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Tactile Systems Technology by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,501,006 shares of the company’s stock valued at $19,843,000 after buying an additional 17,314 shares during the last quarter. Deutsche Bank AG grew its position in shares of Tactile Systems Technology by 1.0% in the 1st quarter. Deutsche Bank AG now owns 623,033 shares of the company’s stock valued at $8,236,000 after acquiring an additional 6,421 shares during the period. Punch & Associates Investment Management Inc. increased its position in Tactile Systems Technology by 34.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 282,000 shares of the company’s stock worth $3,728,000 after buying an additional 72,000 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Tactile Systems Technology by 149.1% during the 1st quarter. Acadian Asset Management LLC now owns 196,270 shares of the company’s stock worth $2,594,000 after buying an additional 117,480 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Tactile Systems Technology by 2.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 186,936 shares of the company’s stock valued at $2,471,000 after acquiring an additional 3,898 shares during the period. Institutional investors and hedge funds own 83.43% of the company’s stock.

Tactile Systems Technology Stock Down 1.4%

NASDAQ TCMD opened at $23.87 on Friday. Tactile Systems Technology, Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $24.59. The business has a fifty day moving average price of $14.80 and a two-hundred day moving average price of $12.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.79 and a quick ratio of 3.36. The stock has a market capitalization of $532.11 million, a PE ratio of 38.50 and a beta of 1.06.

Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Monday, November 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.20. The firm had revenue of $85.76 million for the quarter, compared to analysts’ expectations of $79.31 million. Tactile Systems Technology had a return on equity of 7.72% and a net margin of 5.06%. Tactile Systems Technology has set its FY 2025 guidance at EPS. Equities analysts expect that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on TCMD. Wall Street Zen raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Lake Street Capital increased their price objective on Tactile Systems Technology from $23.50 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley reissued a “neutral” rating and issued a $13.00 target price (up previously from $12.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tactile Systems Technology in a research note on Wednesday, October 8th. Finally, Piper Sandler reissued a “neutral” rating and issued a $20.00 price objective (up previously from $14.00) on shares of Tactile Systems Technology in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

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.