TransAct Technologies (NASDAQ:TACT – Free Report) had its price objective lowered by Craig Hallum from $9.00 to $7.50 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.
Separately, StockNews.com began coverage on TransAct Technologies in a report on Tuesday, April 30th. They issued a buy rating on the stock.
View Our Latest Research Report on TACT
TransAct Technologies Trading Down 1.3 %
TransAct Technologies (NASDAQ:TACT – Get Free Report) last issued its earnings results on Tuesday, March 12th. The technology company reported ($0.01) EPS for the quarter. The firm had revenue of $13.27 million during the quarter, compared to the consensus estimate of $13.90 million. TransAct Technologies had a net margin of 6.54% and a return on equity of 15.96%. Equities research analysts forecast that TransAct Technologies will post -0.25 EPS for the current year.
Institutional Trading of TransAct Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Silverberg Bernstein Capital Management LLC purchased a new position in shares of TransAct Technologies during the fourth quarter valued at approximately $2,873,000. O Shaughnessy Asset Management LLC bought a new position in TransAct Technologies during the 3rd quarter valued at $103,000. Heron Bay Capital Management purchased a new position in TransAct Technologies during the 4th quarter worth $116,000. Cable Hill Partners LLC bought a new stake in shares of TransAct Technologies in the 3rd quarter worth $71,000. Finally, Bard Financial Services Inc. bought a new stake in shares of TransAct Technologies in the 1st quarter worth $79,000. 74.46% of the stock is owned by institutional investors.
About TransAct Technologies
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.
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