TransAct Technologies (NASDAQ:TACT) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report sent to investors on Thursday morning. The firm issued a buy rating on the technology company’s stock.

Separately, Craig Hallum lowered their target price on shares of TransAct Technologies from $9.00 to $7.50 and set a buy rating for the company in a research note on Wednesday, May 8th.

TransAct Technologies Price Performance

Shares of TransAct Technologies stock opened at $3.61 on Thursday. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $9.32. The firm has a market capitalization of $36.06 million, a P/E ratio of 60.17 and a beta of 1.79. The company’s 50 day moving average price is $4.06 and its two-hundred day moving average price is $5.79.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. The firm had revenue of $10.69 million during the quarter, compared to the consensus estimate of $11.20 million. TransAct Technologies had a net margin of 0.94% and a return on equity of 5.06%. On average, analysts expect that TransAct Technologies will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On TransAct Technologies

A number of institutional investors have recently made changes to their positions in TACT. Victory Capital Management Inc. purchased a new stake in shares of TransAct Technologies in the 4th quarter valued at $73,000. Bard Financial Services Inc. bought a new stake in TransAct Technologies during the 1st quarter valued at $79,000. O Shaughnessy Asset Management LLC bought a new stake in TransAct Technologies during the 3rd quarter valued at $103,000. Heron Bay Capital Management bought a new stake in TransAct Technologies during the 4th quarter valued at $116,000. Finally, Summit Trail Advisors LLC raised its holdings in TransAct Technologies by 15.0% during the 4th quarter. Summit Trail Advisors LLC now owns 18,983 shares of the technology company’s stock valued at $133,000 after buying an additional 2,483 shares during the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.

About TransAct Technologies

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.