In a report released today, George Sutton from Craig-Hallum maintained a Buy rating on Transact Technologies (TACT – Research Report). The company’s shares closed yesterday at $7.65.
According to TipRanks, Sutton is a 5-star analyst with an average return of 12.9% and a 49.69% success rate. Sutton covers the Technology sector, focusing on stocks such as Freightos Limited, AudioEye, and 8X8.
Currently, the analyst consensus on Transact Technologies is a Moderate Buy with an average price target of $10.00.
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Based on Transact Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $22.27 million and a net profit of $3.14 million. In comparison, last year the company earned a revenue of $9.7 million and had a GAAP net loss of $4.01 million
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TACT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TransAct Technologies, Inc. operates as a software-driven technology and printing solutions company. It engages in food safety, POS automation, casino and gaming, lottery, mobile and oil and gas. The firm’s products are sold under the AccuDate, EPICENTRAL, Epic, Ithaca, RESPONDER and Printrex brands. It supplies consumables used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming, government and oil and gas exploration markets. The company was founded in June 1996 and is headquartered in Hamden, CT.
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