TransAct Technologies (NASDAQ:TACT) Upgraded to Strong-Buy at Wall Street Zen

TransAct Technologies (NASDAQ:TACT) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TransAct Technologies in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.00.

TransAct Technologies Stock Performance

Shares of TACT opened at $4.45 on Friday. TransAct Technologies has a 52-week low of $3.12 and a 52-week high of $5.70. The firm has a market cap of $44.95 million, a price-to-earnings ratio of -5.17 and a beta of 1.24. The business’s fifty day moving average is $4.78 and its 200-day moving average is $4.22.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Monday, November 10th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. TransAct Technologies had a negative return on equity of 4.02% and a negative net margin of 18.00%.The business had revenue of $13.18 million for the quarter, compared to analyst estimates of $13.10 million. TransAct Technologies has set its FY 2025 guidance at EPS. As a group, research analysts forecast that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

Several hedge funds have recently added to or reduced their stakes in TACT. Coldstream Capital Management Inc. bought a new stake in TransAct Technologies during the 3rd quarter worth approximately $58,000. Quinn Opportunity Partners LLC grew its stake in shares of TransAct Technologies by 68.3% in the second quarter. Quinn Opportunity Partners LLC now owns 64,288 shares of the technology company’s stock worth $235,000 after purchasing an additional 26,083 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in TransAct Technologies in the third quarter valued at $151,000. Teton Advisors LLC bought a new position in TransAct Technologies during the 3rd quarter worth $176,000. Finally, Susquehanna International Group LLP acquired a new position in TransAct Technologies during the 3rd quarter worth about $225,000. 74.46% of the stock is currently owned by institutional investors and hedge funds.

TransAct Technologies Company Profile

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.