B. Riley Issues Pessimistic Forecast for TCMD Earnings

Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) - B. Riley dropped their Q1 2025 EPS estimates for shares of Tactile Systems Technology in a report released on Tuesday, November 5th. B. Riley analyst K. Bauser now forecasts that the company will post earnings per share of ($0.08) for the quarter, down from their previous forecast 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 a number of other reports. StockNews.com raised shares of Tactile Systems Technology from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 20th. BTIG Research cut Tactile Systems Technology from a "buy" rating to a "neutral" rating in a research note on Tuesday. Finally, Oppenheimer cut Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a research report on Tuesday.

Tactile Systems Technology Stock Up 4.3 %

NASDAQ:TCMD traded up $0.64 during mid-day trading on Thursday, hitting $15.26. The stock had a trading volume of 293,989 shares, compared to its average volume of 245,298. Tactile Systems Technology has a twelve month low of $9.84 and a twelve month high of $16.95. The stock has a 50-day simple moving average of $14.10 and a two-hundred day simple moving average of $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 company has a market capitalization of $362.46 million, a PE ratio of 23.47 and a beta of 1.17.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last issued 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. Tactile Systems Technology had a return on equity of 9.38% and a net margin of 5.42%. The company had revenue of $73.22 million for the quarter, compared to the consensus estimate of $72.62 million.

Hedge Funds Weigh In On Tactile Systems Technology

Large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Tactile Systems Technology by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,371 shares of the company's stock valued at $283,000 after acquiring an additional 1,159 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Tactile Systems Technology in the 3rd quarter valued at $29,000. Inspire Investing LLC boosted its stake in Tactile Systems Technology by 4.3% during the 1st quarter. Inspire Investing LLC now owns 55,904 shares of the company's stock worth $908,000 after purchasing an additional 2,310 shares during the period. ClariVest Asset Management LLC grew its position 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 worth $993,000 after purchasing an additional 2,326 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new position in Tactile Systems Technology in the third quarter valued at $44,000. Institutional investors and hedge funds own 83.43% of the company's stock.

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.