TechTarget Inc (NASDAQ:TTGT)’s share price reached a new 52-week high on Thursday . The stock traded as high as $17.27 and last traded at $17.23, with a volume of 204300 shares trading hands. The stock had previously closed at $17.23.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of TechTarget from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, February 13th. BidaskClub upgraded shares of TechTarget from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 10th. Lake Street Capital restated a “buy” rating and set a $18.00 target price (up from $14.00) on shares of TechTarget in a report on Thursday, February 8th. Needham & Company LLC restated a “buy” rating and set a $17.00 target price (up from $14.00) on shares of TechTarget in a report on Friday, January 12th. Finally, Jefferies Group restated a “hold” rating and set a $13.00 target price on shares of TechTarget in a report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $16.50.
The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. The company has a market cap of $475.46, a price-to-earnings ratio of 72.08, a price-to-earnings-growth ratio of 2.11 and a beta of 1.60.
TechTarget (NASDAQ:TTGT) last posted its earnings results on Wednesday, February 7th. The information services provider reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm had revenue of $30.30 million during the quarter, compared to the consensus estimate of $30.05 million. TechTarget had a net margin of 6.27% and a return on equity of 5.79%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. equities analysts predict that TechTarget Inc will post 0.41 earnings per share for the current fiscal year.
In other news, insider Don Hawk sold 10,721 shares of TechTarget stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $13.92, for a total transaction of $149,236.32. Following the completion of the sale, the insider now directly owns 261,407 shares in the company, valued at $3,638,785.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Greg Strakosch sold 35,000 shares of TechTarget stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $16.04, for a total transaction of $561,400.00. Following the sale, the insider now owns 945,521 shares of the company’s stock, valued at $15,166,156.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 277,668 shares of company stock valued at $4,130,726. Insiders own 30.19% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TTGT. Millennium Management LLC grew its holdings in shares of TechTarget by 325.0% during the fourth quarter. Millennium Management LLC now owns 127,801 shares of the information services provider’s stock worth $1,779,000 after buying an additional 97,731 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in shares of TechTarget during the third quarter worth about $979,000. Next Century Growth Investors LLC grew its holdings in shares of TechTarget by 22.0% during the fourth quarter. Next Century Growth Investors LLC now owns 404,508 shares of the information services provider’s stock worth $5,630,000 after buying an additional 72,851 shares in the last quarter. EAM Investors LLC purchased a new stake in shares of TechTarget during the third quarter worth about $669,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of TechTarget by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 620,771 shares of the information services provider’s stock worth $6,438,000 after buying an additional 44,102 shares in the last quarter. Institutional investors and hedge funds own 55.86% of the company’s stock.
TechTarget Company Profile
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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