TransAct Technologies (NASDAQ:TACT) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of TransAct Technologies (NASDAQ:TACT) to a hold rating in a report published on Wednesday,Zacks.com reports.

TransAct Technologies Stock Up 2.2%

TransAct Technologies stock opened at $4.66 on Wednesday. TransAct Technologies has a 52-week low of $3.06 and a 52-week high of $5.70. The company has a market cap of $47.90 million, a price-to-earnings ratio of -93.20 and a beta of 1.27. The firm’s fifty day moving average is $3.58 and its 200 day moving average is $3.76.

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

TransAct Technologies declared that its board has authorized a share buyback 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 buy up to 8.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, CEO John Dillon acquired 70,902 shares of the business’s stock in a transaction on Monday, March 16th. The shares were acquired at an average price of $3.49 per share, for a total transaction of $247,447.98. Following the completion of the transaction, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at approximately $349,000. The trade was a 243.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TACT. Coldstream Capital Management Inc. bought a new position in TransAct Technologies during the third quarter valued at $58,000. Goldman Sachs Group Inc. grew its holdings 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 purchasing an additional 5,100 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of TransAct Technologies in the third quarter worth about $151,000. Teton Advisors LLC bought a new position in shares of TransAct Technologies in the third quarter worth about $176,000. Finally, Susquehanna International Group LLP bought a new position in shares of TransAct Technologies in the third quarter worth about $225,000. Institutional investors own 74.46% of the company’s stock.

More TransAct Technologies News

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.

About TransAct Technologies

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.