TechTarget (NASDAQ:TTGT) CFO Daniel T. Noreck sold 2,000 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $19.42, for a total value of $38,840.00. Following the completion of the sale, the chief financial officer now owns 6,056 shares of the company’s stock, valued at approximately $117,607.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NASDAQ TTGT traded up $0.51 on Thursday, hitting $20.70. 110,279 shares of the company traded hands, compared to its average volume of 173,536. The company has a market capitalization of $551.59, a PE ratio of 84.13, a price-to-earnings-growth ratio of 2.36 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.82 and a current ratio of 2.82. TechTarget has a 52-week low of $8.75 and a 52-week high of $20.70.
TechTarget (NASDAQ:TTGT) last released 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. TechTarget had a return on equity of 5.77% and a net margin of 6.27%. The company had revenue of $30.30 million for the quarter, compared to the consensus estimate of $30.05 million. During the same period in the previous year, the business earned $0.10 earnings per share. TechTarget’s quarterly revenue was up 13.6% compared to the same quarter last year. sell-side analysts forecast that TechTarget will post 0.43 EPS for the current year.
Several institutional investors have recently made changes to their positions in TTGT. MetLife Investment Advisors LLC purchased a new position in shares of TechTarget in the fourth quarter valued at about $137,000. Ramsey Quantitative Systems purchased a new position in shares of TechTarget in the fourth quarter valued at about $161,000. 1492 Capital Management LLC purchased a new position in shares of TechTarget in the fourth quarter valued at about $166,000. Cigna Investments Inc. New purchased a new position in shares of TechTarget in the fourth quarter valued at about $176,000. Finally, Jefferies Group LLC purchased a new position in shares of TechTarget in the fourth quarter valued at about $185,000. Institutional investors and hedge funds own 56.25% of the company’s stock.
A number of research firms have recently commented on TTGT. Lake Street Capital restated a “buy” rating and issued a $18.00 target price (up previously from $14.00) on shares of TechTarget in a research note on Thursday, February 8th. BidaskClub raised TechTarget from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 10th. Zacks Investment Research raised TechTarget from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Saturday, January 6th. ValuEngine raised TechTarget from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 price objective (up previously from $14.00) on shares of TechTarget in a report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $18.25.
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TechTarget Company Profile
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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