TechTarget Inc (NASDAQ:TTGT) hit a new 52-week high and low on Monday . The stock traded as low as $29.53 and last traded at $27.97, with a volume of 4273 shares traded. The stock had previously closed at $28.80.
Several brokerages have recently weighed in on TTGT. Zacks Investment Research raised TechTarget from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, May 16th. Lake Street Capital set a $23.00 price target on TechTarget and gave the stock a “buy” rating in a research report on Friday, May 11th. Craig Hallum set a $25.00 price target on TechTarget and gave the stock a “buy” rating in a research report on Thursday, May 10th. Needham & Company LLC lifted their price target on TechTarget from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, May 10th. Finally, ValuEngine raised TechTarget from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $22.40.
The stock has a market capitalization of $763.05 million, a P/E ratio of 117.92, a P/E/G ratio of 3.02 and a beta of 1.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.12 and a quick ratio of 3.12.
TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Wednesday, May 9th. The information services provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $27.30 million for the quarter, compared to analyst estimates of $26.40 million. TechTarget had a return on equity of 7.47% and a net margin of 7.95%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. research analysts predict that TechTarget Inc will post 0.46 earnings per share for the current fiscal year.
In other news, insider Greg Strakosch sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $27.41, for a total value of $685,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Kevin Beam sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $19.24, for a total value of $192,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 585,400 shares of company stock worth $13,029,820. 27.14% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of TechTarget by 4.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 131,790 shares of the information services provider’s stock valued at $1,835,000 after buying an additional 5,364 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of TechTarget in the fourth quarter valued at approximately $137,000. Schwab Charles Investment Management Inc. boosted its stake in shares of TechTarget by 34.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 42,700 shares of the information services provider’s stock valued at $849,000 after buying an additional 11,000 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of TechTarget in the fourth quarter valued at approximately $161,000. Finally, 1492 Capital Management LLC purchased a new stake in shares of TechTarget in the fourth quarter valued at approximately $166,000. Hedge funds and other institutional investors own 57.27% of the company’s stock.
TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases.
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