News coverage about TechTarget (NASDAQ:TTGT) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TechTarget earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the information services provider an impact score of 44.0576144276637 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- TechTarget, Inc. (TTGT) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Brokerages Expect TechTarget, Inc. (TTGT) Will Announce Quarterly Sales of $28.49 Million (americanbankingnews.com)
- What we know and don’t know about the SEC hack – Reuters (reuters.com)
- TechTarget, Inc. (TTGT) Major Shareholder Nine Ten Partners Lp Sells 40,000 Shares (americanbankingnews.com)
- BRIEF-Nine Ten Partners sells 40,000 shares of TechTarget Inc’s common stock on Sept 20 (feeds.reuters.com)
TechTarget (TTGT) traded up 0.85% during mid-day trading on Friday, reaching $11.83. The company’s stock had a trading volume of 32,844 shares. TechTarget has a 12-month low of $7.85 and a 12-month high of $11.98. The firm has a market cap of $324.15 million, a PE ratio of 231.96 and a beta of 1.44. The company has a 50-day moving average price of $10.02 and a 200-day moving average price of $9.55.
TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $26.70 million for the quarter, compared to the consensus estimate of $26.26 million. TechTarget had a net margin of 1.36% and a return on equity of 1.38%. TechTarget’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, equities research analysts expect that TechTarget will post $0.38 earnings per share for the current year.
A number of analysts recently commented on TTGT shares. BidaskClub downgraded TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine downgraded TechTarget from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Jefferies Group LLC downgraded TechTarget from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research report on Thursday, August 17th. Finally, Craig Hallum raised TechTarget from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.75.
TRADEMARK VIOLATION NOTICE: This story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/09/24/techtarget-ttgt-earning-somewhat-favorable-media-coverage-accern-reports.html.
In other news, President Kevin Beam sold 10,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $10.21, for a total transaction of $102,100.00. Following the transaction, the president now directly owns 498,033 shares of the company’s stock, valued at approximately $5,084,916.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Nine Ten Partners Lp sold 40,000 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $11.51, for a total value of $460,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 130,890 shares of company stock worth $1,429,037 over the last three months. Insiders own 30.19% of the company’s stock.
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.
Receive News & Ratings for TechTarget Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechTarget Inc. and related companies with MarketBeat.com's FREE daily email newsletter.