TransAct Technologies (NASDAQ:TACT) Coverage Initiated by Analysts at StockNews.com

Posted by Scott Moore on Mar 13th, 2025

StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT – Free Report) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the technology company’s stock.

TransAct Technologies Stock Up 1.4 %

TransAct Technologies stock opened at $3.63 on Wednesday. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $6.51. The company has a market capitalization of $36.34 million, a price-to-earnings ratio of -18.15 and a beta of 1.80. The stock has a 50-day moving average price of $4.29 and a 200 day moving average price of $4.26.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bard Associates Inc. raised its position in TransAct Technologies by 2.3% during the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after acquiring an additional 3,440 shares in the last quarter. Essex Investment Management Co. LLC raised its position in TransAct Technologies by 20.3% during the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock valued at $179,000 after acquiring an additional 7,402 shares in the last quarter. Legato Capital Management LLC purchased a new position in TransAct Technologies during the fourth quarter valued at approximately $44,000. Northern Trust Corp raised its position in TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after acquiring an additional 13,386 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in TransAct Technologies by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after acquiring an additional 8,015 shares in the last quarter. 74.46% of the stock is currently owned by hedge funds and other institutional investors.

About TransAct Technologies

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TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.