TechTarget Inc (NASDAQ:TTGT) President Kevin Beam sold 10,000 shares of TechTarget stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $27.99, for a total transaction of $279,900.00. Following the transaction, the president now directly owns 381,808 shares in the company, valued at $10,686,805.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kevin Beam also recently made the following trade(s):
- On Wednesday, May 2nd, Kevin Beam sold 10,000 shares of TechTarget stock. The shares were sold at an average price of $20.56, for a total transaction of $205,600.00.
NASDAQ TTGT opened at $30.58 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.12 and a current ratio of 3.12. TechTarget Inc has a 12-month low of $9.11 and a 12-month high of $31.10. The firm has a market capitalization of $798.52 million, a price-to-earnings ratio of 127.42, a PEG ratio of 3.16 and a beta of 1.43.
TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Wednesday, May 9th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. TechTarget had a net margin of 7.95% and a return on equity of 7.47%. The business had revenue of $27.30 million for the quarter, compared to analyst estimates of $26.40 million. TechTarget’s quarterly revenue was up 15.8% compared to the same quarter last year. sell-side analysts anticipate that TechTarget Inc will post 0.46 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spark Investment Management LLC purchased a new position in TechTarget in the first quarter worth $1,339,000. 1492 Capital Management LLC acquired a new stake in shares of TechTarget during the fourth quarter worth $166,000. Jefferies Group LLC acquired a new stake in shares of TechTarget during the fourth quarter worth $185,000. BlackRock Inc. lifted its stake in shares of TechTarget by 1.6% during the fourth quarter. BlackRock Inc. now owns 972,377 shares of the information services provider’s stock worth $13,535,000 after buying an additional 15,502 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of TechTarget during the fourth quarter worth $137,000. 57.19% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on TTGT shares. Needham & Company LLC lifted their price objective on shares of TechTarget from $17.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 11th. Zacks Investment Research lowered shares of TechTarget from a “buy” rating to a “hold” rating in a report on Thursday, April 12th. ValuEngine raised shares of TechTarget from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Craig Hallum set a $25.00 price target on shares of TechTarget and gave the stock a “buy” rating in a report on Thursday, May 10th. Finally, Lake Street Capital set a $23.00 price target on shares of TechTarget and gave the stock a “buy” rating in a report on Friday, May 11th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have 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 $22.40.
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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