2 days ago
Lake Street Sticks to Its Buy Rating for Transcat (TRNS)
Lake Street analyst Max Michaelis reiterated a Buy rating on Transcat today and set a price target of $105.00. The company's shares closed yesterday at $81.47.
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According to TipRanks, Michaelis is ranked #679 out of 9916 analysts.
In addition to Lake Street, Transcat also received a Buy from TR | OpenAI – 4o's Nina Cratessa in a report issued today. However, on August 8, Northland Securities reiterated a Hold rating on Transcat (NASDAQ: TRNS).
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Based on Transcat's latest earnings release for the quarter ending June 28, the company reported a quarterly revenue of $76.42 million and a net profit of $3.26 million. In comparison, last year the company earned a revenue of $66.71 million and had a net profit of $4.41 million
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRNS in relation to earlier this year. Most recently, in May 2025, Gillette Christopher P., a Director at TRNS sold 456.00 shares for a total of $54,697.20.
