TechTarget (NASDAQ:TTGT) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

TechTarget (NASDAQ:TTGT) issued its earnings results on Friday. The information services provider reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.15), FiscalAI reports. TechTarget had a negative return on equity of 0.62% and a negative net margin of 36.85%. The business had revenue of $119.22 million for the quarter, compared to the consensus estimate of $121.72 million.

Here are the key takeaways from TechTarget’s conference call:

• Management lowered its 2026 outlook, now expecting revenue to be modestly below 2025 and adjusted EBITDA of $80 million to $85 million, down from prior guidance of $95 million to $100 million. Customers remain cautious, and a healthy sales pipeline is converting more slowly than expected.
• Third-quarter revenue fell 2.5% year over year to $119.2 million, while adjusted EBITDA declined to $18.6 million from $22.6 million and margin fell to 15.6% from 18.5%. Both Brand to Demand and Intelligence & Advisory revenue were down year over year.
• Audience membership grew mid-single digits year over year to more than 59 million, and active membership across the Dive network increased at a double-digit rate. Management also said search traffic stabilized in Q3 and converted to membership at a higher rate.
• New Buyer Intelligence AI features have attracted more than 40% of users, with management citing increased engagement and follow-up actions; intent bookings also improved in Q3. Bookings from the company’s largest-customer cohort grew at a double-digit rate.

TechTarget Stock Performance

NASDAQ:TTGT traded down $0.80 during mid-day trading on Friday, hitting $2.63. 1,220,321 shares of the stock were exchanged, compared to its average volume of 431,782. The firm’s 50-day simple moving average is $3.75 and its 200 day simple moving average is $4.19. The stock has a market capitalization of $190.24 million, a price-to-earnings ratio of -1.07 and a beta of 1.05. TechTarget has a fifty-two week low of $2.57 and a fifty-two week high of $6.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.15 and a current ratio of 1.15.

Insider Buying and Selling

In other TechTarget news, CEO Gary Nugent sold 12,608 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $3.74, for a total transaction of $47,153.92. Following the transaction, the chief executive officer owned 25,758 shares in the company, valued at $96,334.92. This trade represents a 32.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 25,939 shares of company stock valued at $97,631. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TTGT. Needham & Company LLC reduced their price objective on shares of TechTarget from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TechTarget in a report on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.00.

TechTarget Company Profile

TechTarget, Inc is a business-to-business technology marketing and data company that helps technology vendors identify, reach and engage potential customers. Its platform uses research and content-consumption signals to provide insights into organizations that are actively evaluating technology products and services.

The company offers purchase-intent data, lead-generation programs, digital advertising, content marketing and sales-enablement services. Its products and services are designed to support technology companies throughout the buying process, from building awareness and generating demand to identifying prospective accounts and helping sales teams prioritize outreach.

TechTarget was founded in 1999 and is headquartered in Newton, Massachusetts.