$0.14 EPS Expected for TechTarget Inc (TTGT) This Quarter

Wall Street analysts forecast that TechTarget Inc (NASDAQ:TTGT) will report earnings of $0.14 per share for the current quarter, according to Zacks. Two analysts have issued estimates for TechTarget’s earnings. TechTarget posted earnings of $0.10 per share in the same quarter last year, which would suggest a positive year over year growth rate of 40%. The firm is scheduled to issue its next earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that TechTarget will report full year earnings of $0.39 per share for the current year. For the next financial year, analysts expect that the firm will post earnings of $0.59 per share. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for TechTarget.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. TechTarget had a net margin of 3.33% and a return on equity of 3.01%. The firm had revenue of $28.01 million during the quarter, compared to analyst estimates of $28.34 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis.

TTGT has been the subject of a number of research reports. Zacks Investment Research downgraded shares of TechTarget from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Jefferies Group reissued a “hold” rating and set a $13.00 target price on shares of TechTarget in a research report on Friday, November 10th. BidaskClub downgraded shares of TechTarget from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $14.00 target price (up from $11.00) on shares of TechTarget in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.00.

TechTarget (TTGT) traded down $0.23 during trading on Friday, hitting $13.83. 20,806 shares of the stock were exchanged, compared to its average volume of 44,548. TechTarget has a 1 year low of $8.00 and a 1 year high of $14.33. The company has a market cap of $388.02, a P/E ratio of 115.25, a P/E/G ratio of 3.44 and a beta of 1.41. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21.

In other TechTarget news, President Kevin Beam sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $13.10, for a total value of $393,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Greg Strakosch sold 20,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $12.02, for a total transaction of $240,400.00. Following the completion of the transaction, the insider now directly owns 1,278,274 shares of the company’s stock, valued at $15,364,853.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,049 shares of company stock valued at $2,001,278. 30.19% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in shares of TechTarget by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock valued at $115,000 after buying an additional 275 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of TechTarget during the 3rd quarter valued at $115,000. Nationwide Fund Advisors raised its position in shares of TechTarget by 12.6% during the 2nd quarter. Nationwide Fund Advisors now owns 12,634 shares of the information services provider’s stock valued at $131,000 after buying an additional 1,418 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of TechTarget during the 1st quarter valued at $140,000. Finally, Alliancebernstein L.P. raised its position in shares of TechTarget by 0.5% during the 2nd quarter. Alliancebernstein L.P. now owns 21,700 shares of the information services provider’s stock valued at $225,000 after buying an additional 100 shares in the last quarter. 55.84% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This story was originally published by Week Herald and is the property of of Week Herald. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://weekherald.com/2017/12/27/0-14-eps-expected-for-techtarget-inc-ttgt-this-quarter.html.

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.

Get a free copy of the Zacks research report on TechTarget (TTGT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TechTarget Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechTarget and related companies with MarketBeat.com's FREE daily email newsletter.

$0.14 EPS Expected for TechTarget Inc (TTGT) This Quarter

Wall Street analysts forecast that TechTarget Inc (NASDAQ:TTGT) will report earnings of $0.14 per share for the current quarter, according to Zacks. Two analysts have issued estimates for TechTarget’s earnings. TechTarget posted earnings of $0.10 per share in the same quarter last year, which would suggest a positive year over year growth rate of 40%. The firm is scheduled to issue its next earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that TechTarget will report full year earnings of $0.39 per share for the current year. For the next financial year, analysts expect that the firm will post earnings of $0.59 per share. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for TechTarget.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. TechTarget had a net margin of 3.33% and a return on equity of 3.01%. The firm had revenue of $28.01 million during the quarter, compared to analyst estimates of $28.34 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis.

TTGT has been the subject of a number of research reports. Zacks Investment Research downgraded shares of TechTarget from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Jefferies Group reissued a “hold” rating and set a $13.00 target price on shares of TechTarget in a research report on Friday, November 10th. BidaskClub downgraded shares of TechTarget from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $14.00 target price (up from $11.00) on shares of TechTarget in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.00.

TechTarget (TTGT) traded down $0.23 during trading on Friday, hitting $13.83. 20,806 shares of the stock were exchanged, compared to its average volume of 44,548. TechTarget has a 1 year low of $8.00 and a 1 year high of $14.33. The company has a market cap of $388.02, a P/E ratio of 115.25, a P/E/G ratio of 3.44 and a beta of 1.41. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21.

In other TechTarget news, President Kevin Beam sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $13.10, for a total value of $393,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Greg Strakosch sold 20,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $12.02, for a total transaction of $240,400.00. Following the completion of the transaction, the insider now directly owns 1,278,274 shares of the company’s stock, valued at $15,364,853.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,049 shares of company stock valued at $2,001,278. 30.19% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in shares of TechTarget by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock valued at $115,000 after buying an additional 275 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of TechTarget during the 3rd quarter valued at $115,000. Nationwide Fund Advisors raised its position in shares of TechTarget by 12.6% during the 2nd quarter. Nationwide Fund Advisors now owns 12,634 shares of the information services provider’s stock valued at $131,000 after buying an additional 1,418 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of TechTarget during the 1st quarter valued at $140,000. Finally, Alliancebernstein L.P. raised its position in shares of TechTarget by 0.5% during the 2nd quarter. Alliancebernstein L.P. now owns 21,700 shares of the information services provider’s stock valued at $225,000 after buying an additional 100 shares in the last quarter. 55.84% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This story was originally published by Week Herald and is the property of of Week Herald. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://weekherald.com/2017/12/27/0-14-eps-expected-for-techtarget-inc-ttgt-this-quarter.html.

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.

Get a free copy of the Zacks research report on TechTarget (TTGT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TechTarget Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechTarget and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply