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

Equities researchers at StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report issued on Friday. The firm set a “buy” rating on the technology company’s stock.

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

TransAct Technologies Price Performance

Shares of TACT opened at $3.77 on Friday. The stock has a market capitalization of $37.66 million, a price-to-earnings ratio of 62.83 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 business’s 50 day simple moving average is $3.96 and its 200-day simple moving average is $5.68.

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

Institutional Trading of TransAct Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Silverberg Bernstein Capital Management LLC purchased a new stake in TransAct Technologies during the 4th quarter valued at $2,873,000. Vanguard Group Inc. raised its holdings in 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 buying an additional 3,821 shares during the period. Bard Associates Inc. raised its holdings in TransAct Technologies by 1.1% during the 4th quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after buying an additional 1,750 shares during the period. 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 period. Finally, Heron Bay Capital Management purchased a new stake in TransAct Technologies during the 4th quarter valued at $116,000. 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.