TechTarget, Inc. (NASDAQ:TTGT) President Kevin Beam sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $13.10, for a total value of $393,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kevin Beam also recently made the following trade(s):
- On Friday, December 1st, Kevin Beam sold 15,000 shares of TechTarget stock. The shares were sold at an average price of $13.99, for a total value of $209,850.00.
Shares of TechTarget, Inc. (NASDAQ TTGT) traded down $0.24 during trading on Monday, hitting $13.74. The stock had a trading volume of 43,002 shares, compared to its average volume of 44,142. TechTarget, Inc. has a fifty-two week low of $7.97 and a fifty-two week high of $14.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. The firm has a market cap of $385.81, a PE ratio of 116.50, a price-to-earnings-growth ratio of 3.50 and a beta of 1.41.
TechTarget (NASDAQ:TTGT) last posted its earnings results on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $28.01 million for the quarter, compared to analysts’ expectations of $28.34 million. TechTarget had a return on equity of 3.01% and a net margin of 3.33%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. research analysts forecast that TechTarget, Inc. will post 0.2 EPS for the current year.
A number of research analysts recently commented on TTGT shares. Zacks Investment Research downgraded TechTarget from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Jefferies Group reissued a “hold” rating and issued a $13.00 price target on shares of TechTarget in a report on Friday, November 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 target price (up previously from $11.00) on shares of TechTarget in a report on Tuesday, October 3rd. ValuEngine raised TechTarget from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, Craig Hallum upgraded TechTarget from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. TechTarget has an average rating of “Hold” and a consensus price target of $12.00.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. boosted its stake in TechTarget by 0.5% during the 2nd quarter. Alliancebernstein L.P. now owns 21,700 shares of the information services provider’s stock valued at $225,000 after purchasing an additional 100 shares in the last quarter. Wells Fargo & Company MN boosted its stake in TechTarget by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock valued at $115,000 after purchasing an additional 275 shares in the last quarter. American International Group Inc. boosted its stake in shares of TechTarget by 5.6% during the 1st quarter. American International Group Inc. now owns 11,363 shares of the information services provider’s stock worth $103,000 after acquiring an additional 602 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of TechTarget by 12.6% during the 2nd quarter. Nationwide Fund Advisors now owns 12,634 shares of the information services provider’s stock worth $131,000 after acquiring an additional 1,418 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of TechTarget by 7.0% during the 2nd quarter. Rhumbline Advisers now owns 22,325 shares of the information services provider’s stock worth $232,000 after acquiring an additional 1,470 shares in the last quarter. 55.84% of the stock is owned by hedge funds and other institutional investors.
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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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