Koss Olinger Consulting LLC Sells 2,350 Shares of Tactile Systems Technology, Inc. $TCMD

Koss Olinger Consulting LLC trimmed its holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 6.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 34,524 shares of the company’s stock after selling 2,350 shares during the quarter. Koss Olinger Consulting LLC owned 0.15% of Tactile Systems Technology worth $350,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TCMD. EP Wealth Advisors LLC bought a new stake in shares of Tactile Systems Technology in the 1st quarter worth approximately $138,000. Algert Global LLC bought a new stake in Tactile Systems Technology during the 1st quarter valued at $160,000. Virtus Advisers LLC bought a new stake in Tactile Systems Technology during the 1st quarter valued at $198,000. Trexquant Investment LP bought a new stake in Tactile Systems Technology during the 1st quarter valued at $232,000. Finally, Invenomic Capital Management LP bought a new stake in Tactile Systems Technology during the 1st quarter valued at $296,000. 83.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. B. Riley reiterated a “neutral” rating and set a $13.00 price target (up from $12.00) on shares of Tactile Systems Technology in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Lake Street Capital assumed coverage on shares of Tactile Systems Technology in a report on Friday, October 3rd. They set a “buy” rating and a $23.50 price target for the company. William Blair upgraded shares of Tactile Systems Technology to a “strong-buy” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tactile Systems Technology in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.83.

Tactile Systems Technology Stock Down 0.7%

Shares of Tactile Systems Technology stock opened at $15.00 on Tuesday. 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 company’s fifty day simple moving average is $13.94 and its two-hundred day simple moving average is $12.03. The company has a market cap of $334.38 million, a P/E ratio of 24.19 and a beta of 1.04. Tactile Systems Technology, Inc. has a 12-month low of $8.61 and a 12-month high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Monday, August 4th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $78.91 million for the quarter, compared to the consensus estimate of $73.93 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. Research analysts anticipate that Tactile Systems Technology, Inc. will post 0.7 EPS for the current year.

Insider Buying and Selling at Tactile Systems Technology

In other news, CEO Sheri Louise Dodd sold 7,762 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $12.36, for a total value of $95,938.32. Following the sale, the chief executive officer directly owned 173,479 shares of the company’s stock, valued at $2,144,200.44. This represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Tactile Systems Technology 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.