TechTarget (NASDAQ:TTGT) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

TechTarget (NASDAQ:TTGT) issued its earnings results on Monday. The information services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02, Zacks reports. TechTarget had a negative net margin of 252.96% and a negative return on equity of 21.56%. TechTarget updated its FY 2025 guidance to EPS.

TechTarget Stock Up 9.2%

NASDAQ:TTGT traded up $0.44 during midday trading on Monday, reaching $5.21. 520,782 shares of the stock traded hands, compared to its average volume of 445,060. The stock has a market capitalization of $372.46 million, a PE ratio of -2.83 and a beta of 1.01. TechTarget has a 12-month low of $4.63 and a 12-month high of $33.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50-day moving average of $5.80 and a two-hundred day moving average of $6.76.

Insider Buying and Selling at TechTarget

In other TechTarget news, Director David J. S. Flaschen purchased 20,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were acquired at an average price of $5.97 per share, for a total transaction of $119,400.00. Following the completion of the purchase, the director owned 20,000 shares of the company’s stock, valued at approximately $119,400. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel T. Noreck sold 8,459 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $5.99, for a total transaction of $50,669.41. Following the sale, the chief financial officer directly owned 71,519 shares in the company, valued at approximately $428,398.81. This represents a 10.58% decrease in their position. The SEC filing for this sale provides additional information. 0.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TTGT. Geode Capital Management LLC increased its holdings in TechTarget by 0.7% in the second quarter. Geode Capital Management LLC now owns 688,593 shares of the information services provider’s stock valued at $5,351,000 after buying an additional 4,953 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of TechTarget during the 2nd quarter valued at about $984,000. Public Sector Pension Investment Board increased its stake in shares of TechTarget by 7.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 92,443 shares of the information services provider’s stock valued at $718,000 after purchasing an additional 6,355 shares in the last quarter. Rhumbline Advisers increased its stake in shares of TechTarget by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 81,924 shares of the information services provider’s stock valued at $637,000 after purchasing an additional 6,077 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in TechTarget by 52.9% in the 2nd quarter. Invesco Ltd. now owns 67,055 shares of the information services provider’s stock worth $521,000 after purchasing an additional 23,200 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TTGT. Wall Street Zen lowered shares of TechTarget from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of TechTarget in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $16.40.

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.