News articles about TechTarget (NASDAQ:TTGT) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TechTarget earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 42.905173052617 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Greg Strakosch Sells 30,000 Shares of TechTarget Inc (TTGT) Stock (americanbankingnews.com)
- Needham & Company LLC Boosts TechTarget (TTGT) Price Target to $17.00 (americanbankingnews.com)
- TechTarget (TTGT) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Zacks: Brokerages Anticipate TechTarget Inc (TTGT) Will Post Earnings of $0.14 Per Share (americanbankingnews.com)
- $30.03 Million in Sales Expected for TechTarget Inc (TTGT) This Quarter (americanbankingnews.com)
A number of equities analysts recently weighed in on TTGT shares. Zacks Investment Research cut TechTarget from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. BidaskClub cut TechTarget from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Jefferies Group reaffirmed a “hold” rating and issued a $13.00 price target on shares of TechTarget in a report on Friday, November 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price target (up previously from $11.00) on shares of TechTarget in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. TechTarget presently has an average rating of “Buy” and a consensus target price of $14.00.
TechTarget (TTGT) opened at $14.61 on Friday. The firm has a market capitalization of $403.20, a PE ratio of 121.75, a P/E/G ratio of 2.22 and a beta of 1.41. TechTarget has a fifty-two week low of $8.41 and a fifty-two week high of $14.74. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21.
TechTarget (NASDAQ:TTGT) last announced its earnings results on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. TechTarget had a return on equity of 3.01% and a net margin of 3.33%. The business had revenue of $28.01 million during the quarter, compared to analysts’ expectations of $28.34 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. analysts forecast that TechTarget will post 0.2 earnings per share for the current fiscal year.
In other TechTarget news, President Kevin Beam sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $13.78, for a total transaction of $137,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Greg Strakosch sold 20,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $12.02, for a total value of $240,400.00. Following the transaction, the insider now directly owns 1,278,274 shares of the company’s stock, valued at approximately $15,364,853.48. The disclosure for this sale can be found here. Insiders have sold 195,328 shares of company stock valued at $2,617,484 in the last three months. Insiders own 30.19% of the company’s stock.
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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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