TransAct Technologies (NASDAQ:TACT) Stock Rating Upgraded by Zacks Research

TransAct Technologies (NASDAQ:TACT) was upgraded by research analysts at Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

TransAct Technologies Trading Up 2.2%

TACT stock opened at $4.66 on Wednesday. The company has a market cap of $47.90 million, a P/E ratio of -93.20 and a beta of 1.27. TransAct Technologies has a 52 week low of $3.06 and a 52 week high of $5.70. The company’s 50-day moving average price is $3.58 and its 200 day moving average price is $3.76.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. The firm had revenue of $14.42 million for the quarter, compared to the consensus estimate of $12.60 million. TransAct Technologies had a negative net margin of 0.93% and a negative return on equity of 1.56%. On average, equities research analysts expect that TransAct Technologies will post -0.05 earnings per share for the current year.

TransAct Technologies announced that its board has approved a share repurchase program on Wednesday, May 13th that authorizes the company to buyback $3.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 8.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO John Dillon acquired 70,902 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average price of $3.49 per share, with a total value of $247,447.98. Following the completion of the acquisition, the chief executive officer owned 100,000 shares in the company, valued at approximately $349,000. This represents a 243.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 19.24% of the company’s stock.

Institutional Trading of TransAct Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. purchased a new stake in TransAct Technologies during the third quarter worth about $58,000. Goldman Sachs Group Inc. boosted its holdings in TransAct Technologies by 33.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 20,464 shares of the technology company’s stock worth $82,000 after buying an additional 5,100 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of TransAct Technologies in the third quarter valued at about $151,000. Teton Advisors LLC purchased a new stake in shares of TransAct Technologies in the third quarter valued at about $176,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of TransAct Technologies in the third quarter valued at about $225,000. Hedge funds and other institutional investors own 74.46% of the company’s stock.

TransAct Technologies News Roundup

Here are the key news stories impacting TransAct Technologies this week:

• Positive Sentiment: Sidoti’s forecast calls for TransAct Technologies to move back to profitability by FY2028, which suggests improving fundamentals over time.
• Positive Sentiment: The estimates show a progression from expected losses in 2026-2027 to a small profit in Q1 2028, indicating a potential turnaround narrative.
• Neutral Sentiment: Near-term EPS projections remain negative for FY2026 and FY2027, so the business is still expected to operate at a loss in the next couple of years.
• Neutral Sentiment: The update was an analyst estimate revision rather than a new operational announcement, so the impact may be limited unless future results confirm the recovery thesis.

TransAct Technologies Company Profile

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.