TechTarget (TTGT) to Release Earnings on Tuesday

TechTarget (NASDAQ:TTGT) will announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Thursday, August 8th. The information services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. TechTarget had a negative net margin of 3.84% and a positive return on equity of 5.92%. The business had revenue of $58.91 million during the quarter, compared to analysts’ expectations of $58.08 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. TechTarget’s revenue was up .8% compared to the same quarter last year. On average, analysts expect TechTarget to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TechTarget Price Performance

TTGT stock opened at $29.67 on Monday. The company’s 50-day moving average price is $26.15 and its two-hundred day moving average price is $28.54. The firm has a market cap of $867.55 million, a P/E ratio of -98.90, a P/E/G ratio of 33.34 and a beta of 1.03. The company has a quick ratio of 9.35, a current ratio of 9.35 and a debt-to-equity ratio of 1.74. TechTarget has a 12 month low of $22.82 and a 12 month high of $41.93.

Analyst Ratings Changes

A number of brokerages recently issued reports on TTGT. KeyCorp decreased their price objective on shares of TechTarget from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Craig Hallum raised TechTarget from a “hold” rating to a “buy” rating and raised their target price for the company from $34.00 to $36.00 in a report on Tuesday, October 15th. Raymond James lowered their price target on TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Finally, Needham & Company LLC reduced their price objective on TechTarget from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, TechTarget has an average rating of “Moderate Buy” and an average target price of $37.67.

About TechTarget

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.