TechTarget, Inc. (NASDAQ:TTGT) Director Leonard P. Forman sold 5,000 shares of TechTarget stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $13.38, for a total transaction of $66,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of TechTarget, Inc. (TTGT) traded up $0.36 during midday trading on Friday, reaching $13.50. 70,584 shares of the company’s stock traded hands, compared to its average volume of 52,438. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53. TechTarget, Inc. has a twelve month low of $7.97 and a twelve month high of $13.61. The firm has a market cap of $372.57, a PE ratio of 112.00, a price-to-earnings-growth ratio of 3.36 and a beta of 1.36.
TechTarget (NASDAQ:TTGT) last announced its quarterly earnings data on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. TechTarget had a net margin of 3.33% and a return on equity of 3.01%. The business had revenue of $28.01 million during the quarter, compared to analysts’ expectations of $28.34 million. During the same period in the previous year, the business posted $0.07 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. sell-side analysts forecast that TechTarget, Inc. will post 0.2 earnings per share for the current fiscal year.
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A number of research firms recently commented on TTGT. Zacks Investment Research cut shares of TechTarget from a “hold” rating to a “sell” rating in a research note on Tuesday. Jefferies Group LLC cut shares of TechTarget from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research note on Thursday, August 17th. BidaskClub cut shares of TechTarget from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Craig Hallum upgraded shares of TechTarget from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $14.00 target price (up from $11.00) on shares of TechTarget in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.00.
TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.
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