TechTarget (TTGT) Stock Rating Lowered by BidaskClub

Share on StockTwits

BidaskClub cut shares of TechTarget (NASDAQ:TTGT) from a hold rating to a sell rating in a research report report published on Tuesday, BidAskClub reports.

Other research analysts have also recently issued research reports about the stock. ValuEngine raised shares of TechTarget from a sell rating to a hold rating in a report on Friday, January 25th. Zacks Investment Research cut shares of TechTarget from a hold rating to a sell rating in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. TechTarget currently has a consensus rating of Hold and a consensus target price of $27.00.

NASDAQ TTGT opened at $15.53 on Tuesday. The firm has a market cap of $431.05 million, a P/E ratio of 34.51 and a beta of 1.08. TechTarget has a 1 year low of $11.12 and a 1 year high of $34.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.82 and a quick ratio of 4.82.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Wednesday, February 6th. The information services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. TechTarget had a net margin of 10.68% and a return on equity of 10.06%. The company had revenue of $31.82 million during the quarter, compared to analysts’ expectations of $31.37 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts predict that TechTarget will post 0.54 EPS for the current fiscal year.

In other news, Director Bruce Levenson sold 29,319 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $15.86, for a total transaction of $464,999.34. Following the completion of the sale, the director now owns 42,987 shares of the company’s stock, valued at $681,773.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Greg Strakosch sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $15.03, for a total transaction of $375,750.00. Following the sale, the insider now directly owns 412,242 shares of the company’s stock, valued at approximately $6,195,997.26. The disclosure for this sale can be found here. Insiders sold 211,151 shares of company stock valued at $3,153,932 in the last ninety days. 27.14% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Pearl River Capital LLC purchased a new stake in shares of TechTarget during the fourth quarter worth about $60,000. Metropolitan Life Insurance Co. NY increased its stake in shares of TechTarget by 413.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,859 shares of the information services provider’s stock worth $84,000 after purchasing an additional 5,522 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of TechTarget during the fourth quarter worth about $90,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of TechTarget during the fourth quarter worth about $103,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of TechTarget during the fourth quarter worth about $119,000. 75.63% of the stock is owned by institutional investors and hedge funds.

TechTarget Company Profile

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.

Featured Article: What is the price-to-earnings growth (PEG) ratio?

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.