TechTarget Inc. (TTGT) Stock Price Up 1.5%
TechTarget Inc. (NASDAQ:TTGT)’s share price rose 1.5% on Friday . The company traded as high as $8.10 and last traded at $8.05, with a volume of 81,266 shares. The stock had previously closed at $7.93.
TTGT has been the topic of a number of research analyst reports. Sidoti initiated coverage on shares of TechTarget in a report on Wednesday, July 20th. They issued a “buy” rating and a $12.00 price target on the stock. Jefferies Group reissued a “buy” rating and issued a $10.00 price target on shares of TechTarget in a report on Tuesday, August 9th. Craig Hallum downgraded shares of TechTarget from a “buy” rating to a “hold” rating and cut their price target for the stock from $11.50 to $9.00 in a report on Wednesday, August 10th. Zacks Investment Research downgraded shares of TechTarget from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Needham & Company LLC reissued a “buy” rating on shares of TechTarget in a report on Monday, June 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.40.
The company’s 50 day moving average is $8.53 and its 200-day moving average is $7.81. The firm has a market cap of $217.75 million and a price-to-earnings ratio of 41.88.
TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm earned $29.17 million during the quarter, compared to the consensus estimate of $29.65 million. TechTarget’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. On average, analysts anticipate that TechTarget Inc. will post $0.29 EPS for the current year.
In other news, President Kevin Beam sold 7,300 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $8.00, for a total transaction of $58,400.00. Following the completion of the transaction, the president now directly owns 602,558 shares in the company, valued at $4,820,464. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Nine Ten Partners Lp purchased 118,481 shares of TechTarget stock in a transaction dated Monday, August 15th. The shares were bought at an average price of $7.79 per share, with a total value of $922,966.99. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in TechTarget stock. Dimensional Fund Advisors LP raised its stake in TechTarget Inc. (NASDAQ:TTGT) by 29.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 362,368 shares of the company’s stock after buying an additional 81,562 shares during the period. Dimensional Fund Advisors LP owned 1.12% of TechTarget worth $2,910,000 at the end of the most recent quarter.
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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