News stories about TechTarget (NASDAQ:TTGT) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TechTarget earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 45.4726503243409 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
TechTarget (NASDAQ:TTGT) traded up $0.61 on Wednesday, hitting $16.99. The stock had a trading volume of 264,100 shares, compared to its average volume of 117,520. TechTarget has a 52 week low of $8.41 and a 52 week high of $17.24. The company has a market cap of $450.17, a P/E ratio of 68.25, a PEG ratio of 2.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53.
TechTarget (NASDAQ:TTGT) last announced its earnings results on Wednesday, February 7th. The information services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. TechTarget had a return on equity of 5.79% and a net margin of 6.27%. The firm had revenue of $30.30 million during the quarter, compared to the consensus estimate of $30.05 million. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. research analysts predict that TechTarget will post 0.41 EPS for the current year.
A number of research analysts have issued reports on TTGT shares. Zacks Investment Research downgraded TechTarget from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. BidaskClub lowered TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 target price (up from $14.00) on shares of TechTarget in a research report on Friday, January 12th. Lake Street Capital reissued a “buy” rating and set a $18.00 price target (up from $14.00) on shares of TechTarget in a research report on Thursday, February 8th. Finally, Jefferies Group reissued a “hold” rating and set a $13.00 price target on shares of TechTarget in a research report on Friday, November 10th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.50.
In other news, President Kevin Beam sold 10,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $15.72, for a total value of $157,200.00. Following the completion of the transaction, the president now directly owns 436,808 shares of the company’s stock, valued at approximately $6,866,621.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Greg Strakosch sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $13.16, for a total value of $329,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 292,668 shares of company stock valued at $4,169,326. Insiders own 30.19% of the company’s stock.
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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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