Tactile Systems Technology, Inc. (NASDAQ:TCMD) Given Average Recommendation of "Moderate Buy" by Analysts

Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.6667.

• 3 Small Caps Drawing Insider and Institutional Support

Several equities research analysts recently issued reports on TCMD shares. Piper Sandler reissued a "neutral" rating and set a $20.00 price objective (up previously from $14.00) on shares of Tactile Systems Technology in a research note on Tuesday, November 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Tactile Systems Technology in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Tactile Systems Technology from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 5th. B. Riley reaffirmed a "neutral" rating and issued a $13.00 target price (up from $12.00) on shares of Tactile Systems Technology in a research note on Tuesday, August 5th. Finally, Lake Street Capital boosted their price target on shares of Tactile Systems Technology from $23.50 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, November 4th.

Read Our Latest Report on TCMD

Institutional Investors Weigh In On Tactile Systems Technology

• The Future of Medical Devices: Two Strong Buys You Can't Miss

Large investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Tactile Systems Technology by 79.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 109,001 shares of the company's stock worth $1,509,000 after purchasing an additional 48,144 shares in the last quarter. UBS Group AG lifted its position in Tactile Systems Technology by 9.3% in the 3rd quarter. UBS Group AG now owns 366,087 shares of the company's stock worth $5,067,000 after buying an additional 31,224 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Tactile Systems Technology by 95.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,526 shares of the company's stock worth $63,000 after buying an additional 2,214 shares during the last quarter. Franklin Resources Inc. boosted its stake in Tactile Systems Technology by 240.3% in the third quarter. Franklin Resources Inc. now owns 75,152 shares of the company's stock worth $1,040,000 after buying an additional 53,069 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Tactile Systems Technology by 1,594.4% during the third quarter. Russell Investments Group Ltd. now owns 2,118 shares of the company's stock valued at $29,000 after acquiring an additional 1,993 shares during the last quarter. Hedge funds and other institutional investors own 83.43% of the company's stock.

Tactile Systems Technology Price Performance

Shares of NASDAQ:TCMD opened at $24.37 on Friday. The company has a 50 day moving average of $15.94 and a 200 day moving average of $12.69. 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 $544.33 million, a P/E ratio of 39.31 and a beta of 1.06. Tactile Systems Technology has a 12 month low of $8.61 and a 12 month high of $25.42.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last posted its earnings results on Monday, November 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.20. The business had revenue of $85.76 million for the quarter, compared to analysts' expectations of $79.31 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. As a group, sell-side analysts forecast that Tactile Systems Technology will post 0.7 EPS for the current fiscal year.

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.

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