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

StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research note issued to investors on Saturday. The brokerage set a “buy” rating on the technology company’s stock.

Separately, Craig Hallum cut 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 report on Wednesday, May 8th.

TransAct Technologies Price Performance

TransAct Technologies stock opened at $4.24 on Friday. TransAct Technologies has a one year low of $3.32 and a one year high of $7.97. The business’s fifty day moving average is $4.00 and its 200 day moving average is $4.65. The stock has a market capitalization of $42.38 million, a PE ratio of 70.67 and a beta of 1.72.

TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Thursday, August 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.14. TransAct Technologies had a negative net margin of 0.97% and a negative return on equity of 1.31%. The business had revenue of $11.60 million for the quarter, compared to analysts’ expectations of $10.25 million. During the same quarter in the prior year, the business earned $0.22 EPS. As a group, sell-side analysts expect that TransAct Technologies will post -0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

A number of large investors have recently made changes to their positions in TACT. Bard Associates Inc. lifted its stake in shares of TransAct Technologies by 1.1% in the 4th quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock worth $1,089,000 after purchasing an additional 1,750 shares during the period. Summit Trail Advisors LLC increased its holdings in TransAct Technologies by 15.0% during the fourth 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. Silverberg Bernstein Capital Management LLC raised its position in TransAct Technologies by 0.7% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after acquiring an additional 3,000 shares during the period. Gabelli Funds LLC boosted its stake in shares of TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of TransAct Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after acquiring an additional 3,821 shares during the period. 74.46% of the stock is currently owned by institutional investors.

TransAct Technologies Company Profile

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.