TransAct Technologies (NASDAQ:TACT) Stock Rating Upgraded by Zacks Research

TransAct Technologies (NASDAQ:TACT) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

TransAct Technologies Price Performance

Shares of NASDAQ TACT opened at $4.66 on Wednesday. TransAct Technologies has a 12-month low of $3.06 and a 12-month high of $5.70. The company has a market capitalization of $47.90 million, a PE ratio of -93.20 and a beta of 1.27. The firm’s 50-day moving average is $3.58 and its two-hundred day moving average is $3.76.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.11. The business had revenue of $14.42 million for the quarter, compared to the consensus estimate of $12.60 million. TransAct Technologies had a negative net margin of 0.93% and a negative return on equity of 1.56%. On average, analysts forecast that TransAct Technologies will post -0.05 EPS for the current fiscal year.

TransAct Technologies declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 13th that permits the company to buyback $3.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 8.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, CEO John Dillon acquired 70,902 shares of TransAct Technologies stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average price of $3.49 per share, with a total value of $247,447.98. Following the completion of the purchase, the chief executive officer owned 100,000 shares of the company’s stock, valued at approximately $349,000. This represents a 243.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 19.24% of the company’s stock.

Hedge Funds Weigh In On TransAct Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its position in TransAct Technologies by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 115,552 shares of the technology company’s stock worth $462,000 after purchasing an additional 4,742 shares during the last quarter. Gamco Investors INC. ET AL increased its position in TransAct Technologies by 3.4% during the first quarter. Gamco Investors INC. ET AL now owns 150,000 shares of the technology company’s stock worth $494,000 after purchasing an additional 5,000 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of TransAct Technologies by 33.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 20,464 shares of the technology company’s stock worth $82,000 after acquiring an additional 5,100 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its position in shares of TransAct Technologies by 1.7% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 591,179 shares of the technology company’s stock worth $1,945,000 after acquiring an additional 10,156 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of TransAct Technologies in the third quarter worth $58,000. Hedge funds and other institutional investors own 74.46% of the company’s stock.

TransAct Technologies News Roundup

Here are the key news stories impacting TransAct Technologies this week:

• Positive Sentiment: Sidoti’s forecast calls for TransAct Technologies to move back to profitability by FY2028, which suggests improving fundamentals over time.
• Positive Sentiment: The estimates show a progression from expected losses in 2026-2027 to a small profit in Q1 2028, indicating a potential turnaround narrative.
• Neutral Sentiment: Near-term EPS projections remain negative for FY2026 and FY2027, so the business is still expected to operate at a loss in the next couple of years.
• Neutral Sentiment: The update was an analyst estimate revision rather than a new operational announcement, so the impact may be limited unless future results confirm the recovery thesis.

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.