TransAct Technologies (NASDAQ:TACT) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of TransAct Technologies (NASDAQ:TACT) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TransAct Technologies in a research 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. Based on data from MarketBeat.com, TransAct Technologies currently has an average rating of “Hold” and a consensus price target of $5.00.

TransAct Technologies Stock Performance

Shares of TransAct Technologies stock opened at $4.06 on Friday. TransAct Technologies has a 52 week low of $3.12 and a 52 week high of $5.70. The stock has a market capitalization of $41.05 million, a price-to-earnings ratio of -5.07 and a beta of 1.19. The firm has a fifty day moving average of $4.45 and a two-hundred day moving average of $4.29.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Monday, November 10th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $13.18 million for the quarter, compared to the consensus estimate of $13.10 million. TransAct Technologies had a negative return on equity of 2.42% and a negative net margin of 16.05%. As a group, research analysts forecast that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On TransAct Technologies

A number of institutional investors have recently added to or reduced their stakes in TACT. Coldstream Capital Management Inc. acquired a new stake in TransAct Technologies during the 3rd quarter valued at approximately $58,000. Arrowstreet Capital Limited Partnership acquired a new stake in TransAct Technologies in the third quarter valued at approximately $151,000. Teton Advisors LLC bought a new stake in TransAct Technologies during the 3rd quarter valued at $176,000. Susquehanna International Group LLP acquired a new position in TransAct Technologies during the third quarter worth $225,000. Finally, Quinn Opportunity Partners LLC lifted 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 valued at $235,000 after buying an additional 26,083 shares in the last quarter. 74.46% of the stock is currently owned by institutional investors and hedge funds.

TransAct Technologies Company Profile

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.