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

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

TransAct Technologies Trading Up 2.2%

TACT opened at $4.66 on Wednesday. The stock has a market cap of $47.90 million, a PE ratio of -93.20 and a beta of 1.27. TransAct Technologies has a 1 year low of $3.06 and a 1 year high of $5.70. The stock’s 50 day simple moving average is $3.58 and its 200-day simple moving average is $3.76.

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

TransAct Technologies announced that its board has initiated a share 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 purchase up to 8.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CEO John Dillon acquired 70,902 shares of the stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $3.49 per share, for a total transaction of $247,447.98. Following the completion of the transaction, the chief executive officer owned 100,000 shares in the company, valued at approximately $349,000. This trade represents a 243.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 19.24% of the company’s stock.

Institutional Trading of TransAct Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TACT. Coldstream Capital Management Inc. bought a new stake in TransAct Technologies in the third quarter valued at $58,000. Goldman Sachs Group Inc. grew its position in TransAct Technologies by 33.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 20,464 shares of the technology company’s stock valued at $82,000 after acquiring an additional 5,100 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in TransAct Technologies in the third quarter valued at $151,000. Teton Advisors LLC bought a new stake in TransAct Technologies in the third quarter valued at $176,000. Finally, Susquehanna International Group LLP bought a new stake in TransAct Technologies in the third quarter valued at $225,000. 74.46% of the stock is currently owned by institutional investors.

Key Stories Impacting TransAct Technologies

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.