TechTarget (TTGT) to Release Quarterly Earnings on Thursday

TechTarget (NASDAQ:TTGT) will announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Wednesday, February 7th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. TechTarget had a net margin of 1.94% and a return on equity of 8.53%. The company had revenue of $57.29 million during the quarter, compared to the consensus estimate of $56.73 million. On average, analysts expect TechTarget to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TechTarget Stock Performance

Shares of TTGT opened at $28.33 on Wednesday. TechTarget has a one year low of $23.43 and a one year high of $41.93. The company has a 50-day simple moving average of $30.11 and a two-hundred day simple moving average of $31.15. The company has a debt-to-equity ratio of 1.84, a current ratio of 10.04 and a quick ratio of 10.04. The firm has a market capitalization of $808.79 million, a PE ratio of 177.06, a price-to-earnings-growth ratio of 8.35 and a beta of 0.99.

Insider Transactions at TechTarget

In related news, COO Steven Niemiec sold 13,608 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total value of $438,177.60. Following the transaction, the chief operating officer now directly owns 40,755 shares of the company’s stock, valued at approximately $1,312,311. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Rebecca Kitchens sold 13,666 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total transaction of $440,045.20. Following the completion of the transaction, the president now directly owns 53,920 shares of the company’s stock, valued at $1,736,224. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven Niemiec sold 13,608 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total transaction of $438,177.60. Following the completion of the sale, the chief operating officer now owns 40,755 shares in the company, valued at approximately $1,312,311. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.

Analysts Set New Price Targets

TTGT has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of TechTarget in a research report on Thursday, February 8th. UBS Group upgraded shares of TechTarget from a “neutral” rating to a “buy” rating and increased their price target for the stock from $31.00 to $45.00 in a research note on Wednesday, January 31st. KeyCorp lowered their price target on shares of TechTarget from $58.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, January 22nd. Raymond James raised their target price on shares of TechTarget from $31.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Finally, TheStreet cut TechTarget from a “c” rating to a “d+” rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.33.

TechTarget Company Profile

TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.