TransAct Technologies (TACT) Stock Forecast, Price & News

1 Wall Street equities 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 equities research analysts is that investors should "buy" TACT shares.
View TACT analyst ratings or view top-rated stocks.

1 analysts have issued 12-month price objectives for TransAct Technologies' shares. 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 57.5% 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 shares have increased by 20.6% and is now trading at $7.62.
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TransAct Technologies saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 174,900 shares, a decline of 24.1% from the April 30th total of 230,300 shares. Based on an average daily volume of 26,200 shares, the short-interest ratio is presently 6.7 days. Currently, 2.0% of the shares of the company are sold short.
View TransAct Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our TACT earnings forecast.

TransAct Technologies Incorporated (NASDAQ:TACT) posted its quarterly earnings results on Tuesday, November, 9th. The technology company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.15. The technology company had revenue of $10.64 million for the quarter, compared to analysts' expectations of $9.54 million. TransAct Technologies had a net margin of 2.19% and a trailing twelve-month return on equity of 4.53%. During the same quarter last year, the firm earned ($0.11) earnings per share.

TransAct Technologies (NASDAQ:TACT) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 240.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for TACT.

TransAct Technologies issued an update on 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 number of retail and institutional investors. Top institutional shareholders 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, Raymond T Walsh Jr and Steven A Demartino.
View institutional ownership trends.

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 $7.62.

TransAct Technologies (NASDAQ:TACT) has a market capitalization of $75.85 million and generates $70.71 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.