Several analysts have recently updated their ratings and price targets for TransAct Technologies (NASDAQ: TACT):
- 9/4/2022 – TransAct Technologies is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.
- 8/27/2022 – TransAct Technologies is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.
- 8/19/2022 – TransAct Technologies is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.
- 8/18/2022 – TransAct Technologies had its price target lowered by analysts at Barrington Research from $13.00 to $12.00. They now have an "outperform" rating on the stock.
- 8/11/2022 – TransAct Technologies is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.
- 8/3/2022 – TransAct Technologies is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.
TransAct Technologies Price Performance
TACT stock traded down $0.10 during trading hours on Tuesday, reaching $4.49. 3 shares of the stock were exchanged, compared to its average volume of 11,711. The firm's 50-day moving average is $4.29 and its 200-day moving average is $5.77. The company has a market cap of $44.50 million, a price-to-earnings ratio of -7.13 and a beta of 1.76. TransAct Technologies Incorporated has a 12 month low of $3.60 and a 12 month high of $14.95.
Get TransAct Technologies Incorporated alerts:TransAct Technologies (NASDAQ:TACT – Get Rating) last announced its quarterly earnings data on Wednesday, August 17th. The technology company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.10. TransAct Technologies had a negative return on equity of 26.17% and a negative net margin of 14.10%. During the same period in the previous year, the business posted ($0.24) earnings per share. As a group, equities research analysts forecast that TransAct Technologies Incorporated will post -1.11 earnings per share for the current year.
Institutional Investors Weigh In On TransAct Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Financial Inc. bought a new position in TransAct Technologies in the second quarter valued at approximately $3,910,000. Wasatch Advisors Inc. increased its stake in TransAct Technologies by 17.2% in the fourth quarter. Wasatch Advisors Inc. now owns 567,805 shares of the technology company's stock valued at $6,189,000 after acquiring an additional 83,338 shares during the last quarter. 325 Capital LLC grew its stake in shares of TransAct Technologies by 6.5% during the first quarter. 325 Capital LLC now owns 1,011,789 shares of the technology company's stock worth $7,143,000 after buying an additional 61,909 shares during the last quarter. Roubaix Capital LLC grew its stake in shares of TransAct Technologies by 40.9% during the first quarter. Roubaix Capital LLC now owns 184,759 shares of the technology company's stock worth $1,304,000 after buying an additional 53,644 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of TransAct Technologies by 11.6% during the second quarter. Renaissance Technologies LLC now owns 382,636 shares of the technology company's stock worth $1,523,000 after buying an additional 39,773 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.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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