TransAct Technologies (NASDAQ:TACT) Earning Somewhat Positive Media Coverage, Analysis Shows

Media headlines about TransAct Technologies (NASDAQ:TACT) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TransAct Technologies earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 44.7485410662049 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

TransAct Technologies (NASDAQ:TACT) opened at $14.55 on Tuesday. TransAct Technologies has a 52-week low of $6.80 and a 52-week high of $15.55. The stock has a market capitalization of $107.17, a P/E ratio of 21.72 and a beta of 0.91.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. The company had revenue of $15.52 million for the quarter, compared to analyst estimates of $14.58 million. TransAct Technologies had a return on equity of 19.99% and a net margin of 8.78%. analysts expect that TransAct Technologies will post 0.62 earnings per share for the current year.

Several research firms have commented on TACT. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Saturday, November 4th. Finally, B. Riley reiterated a “buy” rating and issued a $11.00 price target on shares of TransAct Technologies in a report on Friday, October 27th.

In related news, SVP Andrew John Hoffman sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $13.01, for a total transaction of $390,300.00. Following the completion of the sale, the senior vice president now directly owns 14,791 shares of the company’s stock, valued at approximately $192,430.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven A. Demartino sold 20,752 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $13.03, for a total value of $270,398.56. Following the sale, the chief financial officer now directly owns 60,588 shares of the company’s stock, valued at $789,461.64. The disclosure for this sale can be found here. Insiders sold a total of 102,663 shares of company stock worth $1,360,511 in the last 90 days. 13.22% of the stock is currently owned by insiders.

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TransAct Technologies Company Profile

TransAct Technologies Incorporated (TransAct) designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. The Company operates through the segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts.

Insider Buying and Selling by Quarter for TransAct Technologies (NASDAQ:TACT)

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