TechTarget (TTGT) to Release Quarterly Earnings on Thursday

TechTarget (NASDAQ:TTGT) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect TechTarget to post earnings of $0.30 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

TechTarget (NASDAQ:TTGT) last issued its quarterly earnings data on Wednesday, February 7th. The information services provider reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $57.29 million for the quarter, compared to analyst estimates of $56.73 million. TechTarget had a net margin of 1.94% and a return on equity of 8.53%. On average, analysts expect TechTarget to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TechTarget Stock Performance

TTGT stock opened at $28.33 on Wednesday. The firm has a 50 day moving average of $30.11 and a two-hundred day moving average of $31.15. TechTarget has a 12 month low of $23.43 and a 12 month high of $41.93. The company has a market capitalization of $808.79 million, a price-to-earnings ratio of 177.06, a P/E/G ratio of 8.35 and a beta of 0.99. The company has a quick ratio of 10.04, a current ratio of 10.04 and a debt-to-equity ratio of 1.84.

Insiders Place Their Bets

In related news, COO Steven Niemiec sold 13,608 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total transaction of $438,177.60. Following the transaction, the chief operating officer now directly owns 40,755 shares in the company, valued at $1,312,311. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Rebecca Kitchens sold 13,666 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total value of $440,045.20. Following the completion of the transaction, the president now owns 53,920 shares in the company, valued at approximately $1,736,224. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Steven Niemiec sold 13,608 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total transaction of $438,177.60. Following the transaction, the chief operating officer now directly owns 40,755 shares of the company’s stock, valued at $1,312,311. The disclosure for this sale can be found here. Company insiders own 9.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TTGT. KeyCorp lowered their price objective on TechTarget from $58.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of TechTarget in a report on Thursday, February 8th. UBS Group upgraded shares of TechTarget from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $45.00 in a report on Wednesday, January 31st. Raymond James boosted their target price on shares of TechTarget from $31.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Finally, TheStreet downgraded TechTarget from a “c” rating to a “d+” rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.33.

TechTarget Company Profile

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.