TransAct Technologies Incorporated (NASDAQ:TACT) Given Consensus Rating of “Hold” by Brokerages

Shares of TransAct Technologies Incorporated (NASDAQ:TACTGet Rating) have received an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and one has issued a hold rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $13.67.

A number of research firms have recently weighed in on TACT. Roth Capital dropped their target price on TransAct Technologies from $21.00 to $14.00 in a report on Thursday, March 10th. Barrington Research dropped their target price on TransAct Technologies from $20.00 to $15.00 in a report on Thursday, March 10th. StockNews.com began coverage on TransAct Technologies in a report on Saturday. They set a “hold” rating for the company. Zacks Investment Research downgraded TransAct Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, May 17th. Finally, Craig Hallum decreased their price target on TransAct Technologies from $20.00 to $12.00 in a research report on Thursday, March 10th.

Several hedge funds and other institutional investors have recently modified their holdings of TACT. Barclays PLC grew its position in TransAct Technologies by 238.0% in the third quarter. Barclays PLC now owns 2,552 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,797 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in TransAct Technologies in the third quarter valued at about $209,000. Morgan Stanley grew its position in TransAct Technologies by 6.6% in the second quarter. Morgan Stanley now owns 18,266 shares of the technology company’s stock valued at $251,000 after acquiring an additional 1,134 shares during the last quarter. Potomac Capital Management Inc. bought a new position in TransAct Technologies in the fourth quarter valued at about $448,000. Finally, Geode Capital Management LLC boosted its stake in shares of TransAct Technologies by 45.7% during the third quarter. Geode Capital Management LLC now owns 64,676 shares of the technology company’s stock valued at $898,000 after purchasing an additional 20,274 shares in the last quarter. Institutional investors own 74.60% of the company’s stock.

Shares of TransAct Technologies stock opened at $4.22 on Wednesday. The business has a fifty day simple moving average of $6.65 and a two-hundred day simple moving average of $8.86. TransAct Technologies has a 1 year low of $4.21 and a 1 year high of $17.18. The company has a market capitalization of $41.82 million, a price-to-earnings ratio of -6.70 and a beta of 1.85.

TransAct Technologies (NASDAQ:TACTGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The technology company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.21). TransAct Technologies had a negative net margin of 14.59% and a negative return on equity of 26.51%. The business had revenue of $9.70 million for the quarter, compared to analyst estimates of $11.48 million. As a group, sell-side analysts expect that TransAct Technologies will post -0.9 EPS for the current year.

About TransAct Technologies (Get Rating)

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. Its thermal printers and terminals to generates labels, coupons, and transaction records, such as receipts, tickets, and other documents, as well as printed logging and plotting of data.

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