TechTarget Inc (NASDAQ:TTGT) CEO Michael Cotoia sold 25,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $18.76, for a total value of $469,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of TechTarget stock opened at $19.25 on Monday. The firm has a market capitalization of $529.05, a PE ratio of 80.21, a P/E/G ratio of 2.26 and a beta of 1.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.82 and a quick ratio of 2.53. TechTarget Inc has a 12 month low of $8.75 and a 12 month high of $19.46.
TechTarget (NASDAQ:TTGT) last posted its earnings results on Wednesday, February 7th. The information services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $30.30 million during the quarter, compared to the consensus estimate of $30.05 million. TechTarget had a return on equity of 5.77% and a net margin of 6.27%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. equities analysts predict that TechTarget Inc will post 0.43 EPS for the current fiscal year.
Several analysts recently weighed in on the company. ValuEngine raised TechTarget from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised TechTarget from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, February 13th. BidaskClub raised TechTarget from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 10th. Lake Street Capital reaffirmed a “buy” rating and issued a $18.00 price objective (up from $14.00) on shares of TechTarget in a research note on Thursday, February 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 price objective (up from $14.00) on shares of TechTarget in a research note on Friday, January 12th. One analyst has rated the stock with a hold rating, five have assigned 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 a consensus target price of $16.50.
A number of institutional investors have recently bought and sold shares of TTGT. Millennium Management LLC raised its position in TechTarget by 325.0% in the fourth quarter. Millennium Management LLC now owns 127,801 shares of the information services provider’s stock valued at $1,779,000 after purchasing an additional 97,731 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in TechTarget in the third quarter valued at about $979,000. Next Century Growth Investors LLC raised its position in TechTarget by 22.0% in the fourth quarter. Next Century Growth Investors LLC now owns 404,508 shares of the information services provider’s stock valued at $5,630,000 after purchasing an additional 72,851 shares during the last quarter. EAM Investors LLC bought a new position in TechTarget in the third quarter valued at about $669,000. Finally, Dimensional Fund Advisors LP raised its position in TechTarget by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 620,771 shares of the information services provider’s stock valued at $6,438,000 after purchasing an additional 44,102 shares during the last quarter. Hedge funds and other institutional investors own 56.25% of the company’s stock.
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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