Roth Mkm Cuts TransAct Technologies (NASDAQ:TACT) Price Target to $5.00

TransAct Technologies (NASDAQ:TACT) had its price objective trimmed by Roth Mkm from $6.00 to $5.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other analysts also recently weighed in on the stock. StockNews.com assumed coverage on shares of TransAct Technologies in a research report on Wednesday, May 7th. They set a “hold” rating on the stock. Roth Capital reissued a “buy” rating on shares of TransAct Technologies in a report on Wednesday.

TransAct Technologies Price Performance

Shares of TACT stock opened at $3.34 on Wednesday. The stock’s fifty day moving average price is $3.60 and its 200 day moving average price is $4.00. TransAct Technologies has a 1-year low of $3.12 and a 1-year high of $5.11. The company has a market cap of $33.67 million, a price-to-earnings ratio of -16.70 and a beta of 1.17.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. The business had revenue of $10.23 million during the quarter, compared to the consensus estimate of $10.37 million. As a group, equities research analysts anticipate that TransAct Technologies will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On TransAct Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Legato Capital Management LLC acquired a new stake in TransAct Technologies during the 4th quarter valued at approximately $44,000. Quinn Opportunity Partners LLC acquired a new stake in shares of TransAct Technologies in the fourth quarter worth $156,000. Essex Investment Management Co. LLC raised its holdings in shares of TransAct Technologies by 20.3% during the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after purchasing an additional 7,402 shares during the last quarter. Northern Trust Corp lifted its position in TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after purchasing an additional 13,386 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 74.46% of the company’s stock.

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.