Analysts predict that TechTarget Inc (NASDAQ:TTGT) will report $0.27 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TechTarget’s earnings, with estimates ranging from $0.26 to $0.28. TechTarget posted earnings of $0.18 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 5th.
According to Zacks, analysts expect that TechTarget will report full year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.98 to $1.00. For the next financial year, analysts expect that the firm will post earnings of $1.13 per share, with EPS estimates ranging from $1.07 to $1.20. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow TechTarget.
TechTarget (NASDAQ:TTGT) last issued its quarterly earnings data on Wednesday, November 6th. The information services provider reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. TechTarget had a net margin of 11.73% and a return on equity of 9.55%. The firm had revenue of $33.81 million for the quarter, compared to analysts’ expectations of $33.60 million.
TTGT has been the topic of several recent research reports. Lake Street Capital increased their price objective on shares of TechTarget from $24.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. BidaskClub cut shares of TechTarget from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 7th. Zacks Investment Research cut shares of TechTarget from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Finally, ValuEngine cut shares of TechTarget from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $26.67.
In other TechTarget news, CFO Daniel T. Noreck sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $28.78, for a total transaction of $100,730.00. Following the sale, the chief financial officer now owns 10,257 shares in the company, valued at approximately $295,196.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Cotoia sold 22,200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $25.01, for a total transaction of $555,222.00. Following the sale, the chief executive officer now owns 64,748 shares in the company, valued at approximately $1,619,347.48. The disclosure for this sale can be found here. Insiders sold a total of 247,371 shares of company stock worth $6,490,909 in the last quarter. Company insiders own 18.68% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its stake in TechTarget by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 35,372 shares of the information services provider’s stock worth $797,000 after acquiring an additional 423 shares during the period. New York State Teachers Retirement System raised its stake in TechTarget by 6.0% during the 3rd quarter. New York State Teachers Retirement System now owns 8,767 shares of the information services provider’s stock worth $197,000 after acquiring an additional 500 shares during the period. Mason Street Advisors LLC raised its stake in TechTarget by 7.1% during the 3rd quarter. Mason Street Advisors LLC now owns 7,793 shares of the information services provider’s stock worth $176,000 after acquiring an additional 516 shares during the period. Texas Permanent School Fund raised its stake in TechTarget by 5.6% during the 3rd quarter. Texas Permanent School Fund now owns 15,621 shares of the information services provider’s stock worth $352,000 after acquiring an additional 825 shares during the period. Finally, United Services Automobile Association raised its stake in TechTarget by 0.8% during the 2nd quarter. United Services Automobile Association now owns 123,847 shares of the information services provider’s stock worth $2,632,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 72.52% of the company’s stock.
Shares of NASDAQ:TTGT opened at $25.03 on Monday. The firm’s 50 day moving average price is $25.67 and its 200-day moving average price is $24.25. TechTarget has a twelve month low of $12.55 and a twelve month high of $30.00. The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $731.04 million, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.75.
TechTarget Company Profile
TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.
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