TransAct Technologies Incorporated (NASDAQ:TACT) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 1 year consensus price objective of $4.00 for the company and are forecasting that the company will post ($0.34) EPS for the current quarter, according to Zacks. Zacks has also given TransAct Technologies an industry rank of 29 out of 254 based on the ratings given to related companies.

A number of brokerages have recently issued reports on TACT. ValuEngine lowered TransAct Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 1st. B. Riley cut TransAct Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $4.00 in a report on Friday, March 27th. Finally, Zacks Investment Research raised TransAct Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 28th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TACT. Renaissance Technologies LLC raised its holdings in TransAct Technologies by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 413,600 shares of the technology company’s stock worth $4,537,000 after purchasing an additional 9,834 shares during the period. Harbert Fund Advisors Inc. grew its position in TransAct Technologies by 80.4% in the fourth quarter. Harbert Fund Advisors Inc. now owns 363,834 shares of the technology company’s stock valued at $3,991,000 after purchasing an additional 162,121 shares in the last quarter. Cowen Prime Services LLC grew its position in TransAct Technologies by 6.5% in the first quarter. Cowen Prime Services LLC now owns 305,810 shares of the technology company’s stock valued at $951,000 after purchasing an additional 18,793 shares in the last quarter. 1492 Capital Management LLC bought a new position in TransAct Technologies in the first quarter valued at $41,000. Finally, Granahan Investment Management Inc. MA grew its position in shares of TransAct Technologies by 95.9% in the 1st quarter. Granahan Investment Management Inc. MA now owns 81,094 shares of the technology company’s stock valued at $252,000 after acquiring an additional 39,695 shares during the period. 43.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:TACT traded up $0.08 on Friday, hitting $4.99. 4,929 shares of the company’s stock were exchanged, compared to its average volume of 34,231. The company has a market capitalization of $37.05 million, a PE ratio of -29.35 and a beta of 1.97. The firm’s 50-day moving average is $4.28 and its 200 day moving average is $7.49. TransAct Technologies has a 1-year low of $2.87 and a 1-year high of $13.59. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 3.24.

TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Thursday, May 7th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05). TransAct Technologies had a negative net margin of 2.75% and a negative return on equity of 4.61%. The company had revenue of $10.25 million for the quarter, compared to analyst estimates of $11.18 million. On average, analysts anticipate that TransAct Technologies will post -0.8 EPS for the current fiscal year.

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 and inkjet printers and terminals to generate 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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