Tactile Systems Technology, Inc. $TCMD Stock Holdings Lowered by RFG Advisory LLC

RFG Advisory LLC lessened its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 61.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,403 shares of the company’s stock after selling 32,337 shares during the period. RFG Advisory LLC owned approximately 0.09% of Tactile Systems Technology worth $533,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC bought a new position in Tactile Systems Technology in the 4th quarter worth approximately $1,587,000. Range Financial Group LLC bought a new stake in Tactile Systems Technology during the 4th quarter valued at $1,291,000. Vanguard Group Inc. raised its stake in Tactile Systems Technology by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 1,651,170 shares of the company’s stock valued at $47,884,000 after acquiring an additional 76,198 shares in the last quarter. LSV Asset Management boosted its position in Tactile Systems Technology by 119.8% during the 4th quarter. LSV Asset Management now owns 323,004 shares of the company’s stock worth $9,367,000 after acquiring an additional 176,059 shares during the period. Finally, Integrated Quantitative Investments LLC acquired a new position in Tactile Systems Technology during the 3rd quarter worth $361,000. 83.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Elaine M. Birkemeyer sold 4,631 shares of Tactile Systems Technology stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $24.49, for a total transaction of $113,413.19. Following the transaction, the chief financial officer directly owned 130,188 shares of the company’s stock, valued at $3,188,304.12. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 2.10% of the stock is owned by corporate insiders.

Tactile Systems Technology Price Performance

Shares of NASDAQ:TCMD opened at $30.27 on Tuesday. The stock has a market cap of $682.89 million, a price-to-earnings ratio of 34.40 and a beta of 0.83. Tactile Systems Technology, Inc. has a 12 month low of $9.41 and a 12 month high of $37.77. The stock’s 50 day moving average price is $25.28 and its 200 day moving average price is $27.12.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Tactile Systems Technology had a net margin of 5.91% and a return on equity of 9.70%. The firm had revenue of $75.27 million for the quarter, compared to the consensus estimate of $70.57 million. On average, sell-side analysts expect that Tactile Systems Technology, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. B. Riley Financial raised Tactile Systems Technology from a “neutral” rating to a “buy” rating and raised their price target for the company from $32.00 to $36.00 in a report on Thursday, May 7th. BTIG Research reiterated a “buy” rating and issued a $40.00 target price on shares of Tactile Systems Technology in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered shares of Tactile Systems Technology from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tactile Systems Technology presently has a consensus rating of “Moderate Buy” and an average price target of $38.60.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, headquartered in Plymouth, Minnesota, is a medical device company specializing in the design, manufacture and marketing of home-use pneumatic compression therapy systems for the treatment of lymphedema and other chronic edema-related conditions. Using proprietary software and patented pump technologies, the company’s platforms are designed to improve patient outcomes through sequential pressure treatment that promotes fluid mobilization and enhanced lymphatic function.

At the core of Tactile Systems’ product portfolio is the Flexitouch® system, a programmable pneumatic pump and garment system approved for home use, and the Aria® device, which features an intuitive touchscreen interface and advanced garment design.