TransAct Technologies (NASDAQ:TACT) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a report issued on Saturday morning. The brokerage issued a buy rating on the technology company’s stock.

Separately, Craig Hallum reduced their target price on TransAct Technologies from $9.00 to $7.50 and set a buy rating on the stock in a research report on Wednesday, May 8th.

TransAct Technologies Stock Up 1.7 %

TransAct Technologies stock opened at $3.66 on Friday. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $9.32. The business has a fifty day moving average of $3.80 and a two-hundred day moving average of $5.51. The firm has a market cap of $36.58 million, a P/E ratio of 61.00 and a beta of 1.72.

TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Tuesday, May 7th. The technology company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.06. The company 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%. Equities analysts expect that TransAct Technologies will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new stake in shares of TransAct Technologies during the fourth quarter valued at $73,000. Bard Financial Services Inc. purchased a new stake in TransAct Technologies during the 1st quarter valued at about $79,000. O Shaughnessy Asset Management LLC acquired a new position in shares of TransAct Technologies in the third quarter valued at about $103,000. Heron Bay Capital Management purchased a new position in shares of TransAct Technologies in the fourth quarter worth about $116,000. Finally, Summit Trail Advisors LLC lifted its holdings in shares of TransAct Technologies by 15.0% during the fourth quarter. Summit Trail Advisors LLC now owns 18,983 shares of the technology company’s stock worth $133,000 after purchasing an additional 2,483 shares during the period. Institutional investors and hedge funds 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.