B.Riley FBR analyst Kara Anderson maintained a Buy rating on Transact Technologies Inc (NASDAQ: TACT) today and set a price target of $16. The company’s shares opened today at $13.10.
Anderson noted:
“Buy-rated TransAct Technologies (TACT) reported a solid beat versus our expectations (we are consensus) as the casino and gaming recovery saw impressive growth, POS surprised, and restaurant solutions slightly outperformed. Similarly, the outlook for 3Q appears quite strong. 2Q had revenue of $14.8 million, adjusted EBITDA of $2.0 million and EPS of $0.16 versus our $12.6 million, $1.3 million, and $0.09 estimates, respectively.”
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 13.4% and a 53.8% success rate. Anderson covers the Services sector, focusing on stocks such as Weight Watchers International, Spark Networks Plc, and Nutrisystem Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Transact Technologies Inc with a $16 average price target.
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Transact Technologies Inc’s market cap is currently $88.07M and has a P/E ratio of 30.51. The company has a Price to Book ratio of 3.60.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.
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TransAct Technologies, Inc. operates as a software-driven technology and printing solutions company. It engages in food safety, POS automation, casino and gaming, lottery, mobile and oil and gas. The firm’s products are sold under the AccuDate, EPICENTRAL, Epic, Ithaca, RESPONDER and Printrex brands.
