TransAct Technologies (NASDAQ:TACT) Receives New Coverage from Analysts at

Stock analysts at started coverage on shares of TransAct Technologies (NASDAQ:TACTGet Rating) in a report issued on Tuesday. The brokerage set a “sell” rating on the technology company’s stock.

Separately, Barrington Research dropped their target price on TransAct Technologies from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, August 18th.

TransAct Technologies Stock Up 3.3 %

Shares of NASDAQ:TACT opened at $5.68 on Tuesday. The stock’s 50 day moving average is $4.19 and its 200-day moving average is $4.39. TransAct Technologies has a twelve month low of $3.60 and a twelve month high of $13.31. The firm has a market capitalization of $56.29 million, a price-to-earnings ratio of -8.48 and a beta of 1.78.

TransAct Technologies (NASDAQ:TACTGet Rating) last released its quarterly earnings data on Wednesday, August 17th. The technology company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.10. The firm had revenue of $12.62 million for the quarter, compared to the consensus estimate of $10.49 million. TransAct Technologies had a negative net margin of 12.86% and a negative return on equity of 21.82%. During the same quarter in the prior year, the company posted ($0.24) earnings per share. Equities research analysts anticipate that TransAct Technologies will post -1.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TransAct Technologies news, major shareholder B. Riley Financial, Inc. purchased 7,994 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was bought at an average cost of $3.95 per share, with a total value of $31,576.30. Following the completion of the transaction, the insider now owns 1,074,345 shares of the company’s stock, valued at approximately $4,243,662.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders bought 73,450 shares of company stock valued at $272,816. Corporate insiders own 20.18% of the company’s stock.

Hedge Funds Weigh In On TransAct Technologies

Several institutional investors have recently bought and sold shares of TACT. 325 Capital LLC raised its stake in TransAct Technologies by 6.5% in the 1st quarter. 325 Capital LLC now owns 1,011,789 shares of the technology company’s stock valued at $7,143,000 after acquiring an additional 61,909 shares during the period. Douglas Lane & Associates LLC bought a new stake in shares of TransAct Technologies in the second quarter valued at approximately $56,000. Summit Trail Advisors LLC lifted its stake in shares of TransAct Technologies by 72.7% during the 2nd quarter. Summit Trail Advisors LLC now owns 19,000 shares of the technology company’s stock valued at $77,000 after buying an additional 8,000 shares in the last quarter. B. Riley Financial Inc. purchased a new position in TransAct Technologies in the 2nd quarter valued at approximately $3,910,000. Finally, Bard Associates Inc. lifted its position in shares of TransAct Technologies by 6.6% during the second quarter. Bard Associates Inc. now owns 148,255 shares of the technology company’s stock worth $599,000 after acquiring an additional 9,200 shares in the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

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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