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

StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACTFree Report) in a research note issued to investors on Thursday morning. The brokerage issued a buy rating on the technology company’s stock.

Separately, Craig Hallum reduced 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.

View Our Latest Report on TransAct Technologies

TransAct Technologies Stock Performance

Shares of NASDAQ TACT opened at $3.61 on Thursday. The firm has a market cap of $36.06 million, a PE ratio of 60.17 and a beta of 1.79. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $9.32. The company has a fifty day moving average price of $4.06 and a 200 day moving average price of $5.78.

TransAct Technologies (NASDAQ:TACTGet Free Report) last announced its earnings results on Tuesday, May 7th. The technology company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. The firm had revenue of $10.69 million during the quarter, compared to analyst estimates of $11.20 million. TransAct Technologies had a net margin of 0.94% and a return on equity of 5.06%. Equities research analysts forecast that TransAct Technologies will post -0.45 EPS for the current year.

Institutional Investors Weigh In On TransAct Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bard Associates Inc. lifted its position in TransAct Technologies by 1.1% during the 4th quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock worth $1,089,000 after buying an additional 1,750 shares in the last quarter. Summit Trail Advisors LLC lifted its position 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 worth $133,000 after buying an additional 2,483 shares in the last quarter. Vanguard Group Inc. lifted its position in TransAct Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after buying an additional 3,821 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of TransAct Technologies in the 4th quarter valued at about $73,000. Finally, Bard Financial Services Inc. bought a new stake in shares of TransAct Technologies in the 1st quarter valued at about $79,000. 74.46% of the stock is owned by institutional investors.

About TransAct Technologies

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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.

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