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Elaine M. Birkemeyer, the Chief Financial Officer of Tactile Systems Technology Inc . (NASDAQ:TCMD), recently reported a sale of company stock. On February 24, 2025, Birkemeyer sold 3,778 shares of common stock at a weighted average price of approximately $14.70 per share, totaling $55,538. This transaction was part of a pre-established 10b5-1 trading plan adopted on June 10, 2024. The sale comes as the $359 million market cap company maintains strong financial health, with a current ratio of 4.36 and robust cash flows that adequately cover its debt obligations.According to InvestingPro analysis, TCMD currently appears undervalued, with additional insights available in the comprehensive Pro Research Report, one of 1,400+ deep-dive analyses available to subscribers.
The shares sold were to cover taxes associated with the settlement of stock units. Following this transaction, Birkemeyer retains direct ownership of 104,098 shares of Tactile Systems Technology, demonstrating continued alignment with shareholder interests as the company maintains a healthy 74% gross profit margin and positive earnings yield.
In other recent news, Tactile Systems Technology Inc. reported its fourth-quarter 2024 financial results, revealing a revenue of $85.6 million, which surpassed the expected $85.41 million. The company also achieved earnings per share of $0.40, exceeding the forecast of $0.31. Despite these positive results, analysts at B.Riley downgraded Tactile Systems from Buy to Neutral, reducing the price target to $18 from $23. This downgrade was influenced by concerns over slowing earnings growth and ongoing legal challenges. Tactile Systems has projected fiscal year 2025 sales to range between $316 million and $322 million, aligning with analyst expectations, but its adjusted EBITDA guidance fell short of consensus estimates. The company has emphasized its focus on expanding its product lines and improving patient access to care. However, the adjusted EBITDA projection for 2025 indicates a potential year-over-year growth decline, contrasting with previous years’ significant growth.
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