B. Riley Issues Negative Forecast for TCMD Earnings

Tactile Systems Technology, Inc. (NASDAQ:TCMD) – Stock analysts at B. Riley decreased their Q1 2025 earnings estimates for Tactile Systems Technology in a report released on Tuesday, November 5th. B. Riley analyst K. Bauser now forecasts that the company will earn ($0.08) per share for the quarter, down from their prior estimate of ($0.06). B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Tactile Systems Technology’s current full-year earnings is $0.64 per share.

TCMD has been the topic of several other research reports. BTIG Research lowered Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday. Oppenheimer cut shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, StockNews.com raised shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a report on Friday, September 20th.

Tactile Systems Technology Trading Up 4.3 %

TCMD stock opened at $15.26 on Thursday. Tactile Systems Technology has a 12-month low of $9.84 and a 12-month high of $16.95. The business’s 50-day moving average is $14.10 and its 200 day moving average is $13.22. The company has a current ratio of 4.44, a quick ratio of 3.89 and a debt-to-equity ratio of 0.12. The stock has a market cap of $362.46 million, a price-to-earnings ratio of 23.47 and a beta of 1.17.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Monday, August 5th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. The firm had revenue of $73.22 million during the quarter, compared to the consensus estimate of $72.62 million. Tactile Systems Technology had a net margin of 5.42% and a return on equity of 9.38%.

Institutional Investors Weigh In On Tactile Systems Technology

Large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in shares of Tactile Systems Technology by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,371 shares of the company’s stock worth $283,000 after purchasing an additional 1,159 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Tactile Systems Technology during the 3rd quarter worth about $29,000. Inspire Investing LLC boosted its holdings in Tactile Systems Technology by 4.3% during the 1st quarter. Inspire Investing LLC now owns 55,904 shares of the company’s stock valued at $908,000 after acquiring an additional 2,310 shares during the period. ClariVest Asset Management LLC boosted its holdings in Tactile Systems Technology by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 83,195 shares of the company’s stock valued at $993,000 after acquiring an additional 2,326 shares during the period. Finally, Gladius Capital Management LP acquired a new position in Tactile Systems Technology in the 3rd quarter valued at about $44,000. 83.43% of the stock is currently owned by hedge funds and other institutional investors.

About Tactile Systems Technology

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.