TransAct Technologies (TACT) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAct Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TACT shares.
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1 equities research analysts have issued 12 month price objectives for TransAct Technologies' stock. Their TACT share price forecasts range from $12.00 to $12.00. On average, they expect the company's share price to reach $12.00 in the next twelve months. This suggests a possible upside of 66.0% from the stock's current price.
View analysts price targets for TACT or view top-rated stocks among Wall Street analysts.

TransAct Technologies' stock was trading at $6.32 on January 1st, 2023. Since then, TACT stock has increased by 14.4% and is now trading at $7.23.
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TransAct Technologies saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 174,900 shares, a decrease of 24.1% from the April 30th total of 230,300 shares. Based on an average trading volume of 26,200 shares, the days-to-cover ratio is presently 6.7 days. Approximately 2.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
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TransAct Technologies Incorporated (NASDAQ:TACT) issued its quarterly earnings data on Wednesday, March, 8th. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.06. The technology company earned $17.96 million during the quarter, compared to analyst estimates of $15.90 million. TransAct Technologies had a net margin of 2.19% and a trailing twelve-month return on equity of 4.53%.

TransAct Technologies updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $70.00 million-$72.00 million, compared to the consensus revenue estimate of $70.54 million.

6 employees have rated TransAct Technologies Chief Executive Officer Bart C. Shuldman on Glassdoor.com. Bart C. Shuldman has an approval rating of 22% among the company's employees. This puts Bart C. Shuldman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAct Technologies investors own include Allena Pharmaceuticals (ALNA), Energy Transfer (ET), Palatin Technologies (PTN), RedHill Biopharma (RDHL), Veru (VERU), British American Tobacco (BTI), Cerecor (CERC), Enterprise Products Partners (EPD), Genocea Biosciences (GNCA) and Intel (INTC).

TransAct Technologies trades on the NASDAQ under the ticker symbol "TACT."

TransAct Technologies' stock is owned by a variety of institutional and retail investors. Top institutional investors include Cowen Prime Advisors LLC (4.01%), Renaissance Technologies LLC (3.22%), Dimensional Fund Advisors LP (2.22%), Susquehanna International Group LLP (0.00%), Morgan Dempsey Capital Management LLC (1.07%) and Aristides Capital LLC (0.42%). Insiders that own company stock include 325 Capital Llc, Andrew John Hoffman, B Riley Financial, Inc, Bart C Shuldman, Haydee Olinger, Raymond T Walsh Jr and Steven A Demartino.
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Shares of TACT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TACT stock can currently be purchased for approximately $7.23.

TransAct Technologies (NASDAQ:TACT) has a market capitalization of $71.94 million and generates $58.14 million in revenue each year. The technology company earns $-5,940,000.00 in net income (profit) each year or $0.15 on an earnings per share basis.

The company employs 118 workers across the globe.

TransAct Technologies' mailing address is ONE HAMDEN CENTER 2319 WHITNEY AVENUE SUITE 3B, HAMDEN CT, 06518. The official website for the company is www.transact-tech.com. The technology company can be reached via phone at (203) 859-6800, via email at tact@jcir.com, or via fax at 203-949-9048.