TransAct Technologies (NASDAQ:TACT – Get Rating) had its price target cut by Barrington Research from $13.00 to $12.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has an "outperform" rating on the technology company's stock. Barrington Research's price objective points to a potential upside of 169.06% from the company's previous close.
Separately, StockNews.com initiated coverage on TransAct Technologies in a report on Thursday, August 11th. They issued a "sell" rating for the company. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, TransAct Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $12.67.
Get TransAct Technologies alerts:TransAct Technologies Trading Down 3.0 %
Shares of NASDAQ TACT opened at $4.46 on Thursday. The stock has a market cap of $44.20 million, a price-to-earnings ratio of -7.08 and a beta of 1.79. TransAct Technologies has a 12 month low of $3.60 and a 12 month high of $14.95. The company has a 50 day simple moving average of $4.21 and a two-hundred day simple moving average of $6.12.
TransAct Technologies (NASDAQ:TACT – Get Rating) last posted its quarterly earnings results on Wednesday, August 17th. The technology company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.10. TransAct Technologies had a negative net margin of 14.10% and a negative return on equity of 25.29%. During the same period last year, the business earned ($0.24) EPS. Analysts forecast that TransAct Technologies will post -1.08 EPS for the current year.Institutional Trading of TransAct Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in TACT. Douglas Lane & Associates LLC acquired a new stake in TransAct Technologies in the 2nd quarter valued at $56,000. Jane Street Group LLC purchased a new stake in shares of TransAct Technologies during the second quarter worth about $58,000. Summit Trail Advisors LLC raised its position 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 worth $77,000 after purchasing an additional 8,000 shares during the last quarter. Connors Investor Services Inc. boosted its holdings in TransAct Technologies by 36.7% in the 2nd quarter. Connors Investor Services Inc. now owns 41,700 shares of the technology company's stock worth $168,000 after buying an additional 11,200 shares during the last quarter. Finally, Bard Associates Inc. increased its stake in TransAct Technologies by 6.6% during the 2nd quarter. Bard Associates Inc. now owns 148,255 shares of the technology company's stock worth $599,000 after buying an additional 9,200 shares in the last quarter. 74.60% of the stock is currently owned by hedge funds and other institutional investors.
TransAct Technologies Company Profile
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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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