B. Riley Securities Upgrades Tactile Systems Technology (TCMD)
Fintel reports that on May 7, 2026, B. Riley Securities upgraded their outlook for Tactile Systems Technology (NasdaqGM:TCMD) from Neutral to Buy.
Analyst Price Forecast Suggests 53.20% Upside
As of April 28, 2026, the average one-year price target for Tactile Systems Technology is $38.76/share. The forecasts range from a low of $32.32 to a high of $44.10. The average price target represents an increase of 53.20% from its latest reported closing price of $25.30 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tactile Systems Technology is 342MM, a decrease of 0.50%. The projected annual non-GAAP EPS is 1.21.
What is the Fund Sentiment?
There are 181 funds or institutions reporting positions in Tactile Systems Technology. This is an decrease of 96 owner(s) or 34.66% in the last quarter. Average portfolio weight of all funds dedicated to TCMD is 0.06%, an increase of 15.59%. Total shares owned by institutions decreased in the last three months by 11.54% to 20,659K shares. 
The put/call ratio of TCMD is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
Cadian Capital Management holds 1,084K shares representing 4.77% ownership of the company. In its prior filing, the firm reported owning 2,056K shares , representing a decrease of 89.63%. The firm increased its portfolio allocation in TCMD by 34.30% over the last quarter.
Acadian Asset Management holds 956K shares representing 4.20% ownership of the company. In its prior filing, the firm reported owning 845K shares , representing an increase of 11.57%. The firm increased its portfolio allocation in TCMD by 122.86% over the last quarter.
Paradigm Capital Management holds 737K shares representing 3.24% ownership of the company. In its prior filing, the firm reported owning 1,538K shares , representing a decrease of 108.85%. The firm decreased its portfolio allocation in TCMD by 2.59% over the last quarter.
Federated Hermes holds 645K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 541K shares , representing an increase of 16.21%. The firm increased its portfolio allocation in TCMD by 136.64% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 638K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 109K shares , representing an increase of 82.93%. The firm increased its portfolio allocation in TCMD by 1,039.85% over the last quarter.
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This story originally appeared on Fintel.