TransAct Technologies Incorporated (TACT) Given Average Recommendation of “Strong Buy” by Brokerages

Shares of TransAct Technologies Incorporated (NASDAQ:TACT) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus target price of $16.50 for the company and are expecting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned TransAct Technologies an industry rank of 95 out of 255 based on the ratings given to related companies.

TACT has been the topic of several research analyst reports. Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Friday, January 11th. B. Riley increased their price target on shares of TransAct Technologies from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, November 7th. Finally, ValuEngine cut shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th.

In other TransAct Technologies news, Director Graham Y. Tanaka sold 32,385 shares of the stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $10.49, for a total transaction of $339,718.65. Following the transaction, the director now directly owns 131,971 shares in the company, valued at $1,384,375.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Graham Y. Tanaka sold 15,768 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $11.49, for a total transaction of $181,174.32. Following the completion of the transaction, the director now owns 163,152 shares in the company, valued at approximately $1,874,616.48. The disclosure for this sale can be found here. Insiders have sold a total of 143,416 shares of company stock valued at $1,510,013 in the last 90 days. 12.53% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in TACT. Manatuck Hill Partners LLC raised its holdings in shares of TransAct Technologies by 158.8% during the 3rd quarter. Manatuck Hill Partners LLC now owns 50,853 shares of the technology company’s stock worth $732,000 after acquiring an additional 31,200 shares in the last quarter. North Star Investment Management Corp. grew its holdings in TransAct Technologies by 13.6% during the fourth quarter. North Star Investment Management Corp. now owns 113,100 shares of the technology company’s stock worth $1,016,000 after acquiring an additional 13,500 shares during the period. Cowen Prime Services LLC grew its holdings in TransAct Technologies by 39.1% in the fourth quarter. Cowen Prime Services LLC now owns 225,228 shares of the technology company’s stock valued at $2,023,000 after purchasing an additional 63,281 shares during the period. Cadence Capital Management LLC lifted its position in shares of TransAct Technologies by 16.1% in the third quarter. Cadence Capital Management LLC now owns 173,396 shares of the technology company’s stock valued at $2,497,000 after acquiring an additional 24,046 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in TransAct Technologies by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock worth $3,689,000 after buying an additional 7,428 shares in the last quarter. Institutional investors own 40.50% of the company’s stock.

TransAct Technologies stock traded up $0.01 during mid-day trading on Monday, hitting $10.30. The company’s stock had a trading volume of 15,805 shares, compared to its average volume of 35,300. TransAct Technologies has a twelve month low of $8.40 and a twelve month high of $15.95. The firm has a market cap of $76.04 million, a price-to-earnings ratio of 17.17 and a beta of 0.86.

TransAct Technologies Company Profile

TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.

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