Tactile Systems Technology (NASDAQ:TCMD) Downgraded to “Neutral” Rating by B. Riley

Tactile Systems Technology (NASDAQ:TCMD) was downgraded by stock analysts at B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, Marketbeat reports. They presently have a $18.00 price target on the stock, down from their prior price target of $23.00. B. Riley’s target price indicates a potential upside of 17.04% from the company’s previous close. B. Riley also issued estimates for Tactile Systems Technology’s Q4 2025 earnings at $0.44 EPS.

Other equities analysts also recently issued reports about the stock. Oppenheimer downgraded shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th. BTIG Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. Finally, StockNews.com downgraded shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th.

Tactile Systems Technology Trading Down 0.7 %

TCMD stock opened at $15.38 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. The company’s 50-day simple moving average is $17.38 and its 200 day simple moving average is $15.65. Tactile Systems Technology has a 52 week low of $11.12 and a 52 week high of $21.10. The company has a market capitalization of $369.12 million, a PE ratio of 21.97 and a beta of 1.20.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.31 by $0.09. Tactile Systems Technology had a net margin of 5.79% and a return on equity of 9.56%. The business had revenue of $85.59 million for the quarter, compared to the consensus estimate of $85.39 million. As a group, sell-side analysts anticipate that Tactile Systems Technology will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On Tactile Systems Technology

A number of large investors have recently bought and sold shares of TCMD. Millennium Management LLC acquired a new stake in Tactile Systems Technology during the fourth quarter worth about $2,793,000. Norges Bank acquired a new stake in Tactile Systems Technology during the fourth quarter worth about $2,534,000. Renaissance Technologies LLC grew its stake in Tactile Systems Technology by 44.0% during the fourth quarter. Renaissance Technologies LLC now owns 451,100 shares of the company’s stock worth $7,727,000 after buying an additional 137,900 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Tactile Systems Technology during the fourth quarter worth about $1,328,000. Finally, Dimensional Fund Advisors LP grew its stake in Tactile Systems Technology by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 901,551 shares of the company’s stock worth $15,444,000 after buying an additional 67,934 shares in the last quarter. 83.43% of the stock is currently owned by institutional investors and hedge funds.

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.