TechTarget (NASDAQ:TTGT) CFO Daniel T. Noreck sold 2,000 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $19.42, for a total value of $38,840.00. Following the completion of the transaction, the chief financial officer now directly owns 6,056 shares of the company’s stock, valued at $117,607.52. The sale was disclosed in a filing with the SEC, which is available through this link.
TTGT opened at $20.50 on Friday. The company has a market capitalization of $554.89, a price-to-earnings ratio of 84.13, a PEG ratio of 2.38 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.82 and a quick ratio of 2.82. TechTarget has a 1-year low of $8.75 and a 1-year high of $20.80.
TechTarget (NASDAQ:TTGT) last released its earnings results on Wednesday, February 7th. The information services provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. analysts predict that TechTarget will post 0.43 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its position in TechTarget by 4.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 131,790 shares of the information services provider’s stock worth $1,835,000 after purchasing an additional 5,364 shares during the period. First Quadrant L P CA lifted its position in shares of TechTarget by 74.8% during the 4th quarter. First Quadrant L P CA now owns 16,845 shares of the information services provider’s stock valued at $234,000 after acquiring an additional 7,209 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of TechTarget by 73.7% during the 3rd quarter. Wells Fargo & Company MN now owns 19,187 shares of the information services provider’s stock valued at $229,000 after acquiring an additional 8,141 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of TechTarget during the 4th quarter valued at $137,000. Finally, Ramsey Quantitative Systems acquired a new stake in shares of TechTarget during the 4th quarter valued at $161,000. Hedge funds and other institutional investors own 56.25% of the company’s stock.
A number of research firms have weighed in on TTGT. BidaskClub upgraded TechTarget from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 10th. ValuEngine upgraded TechTarget from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Lake Street Capital restated a “buy” rating and issued a $18.00 target price (up from $14.00) on shares of TechTarget in a research report on Thursday, February 8th. Finally, Needham & Company LLC upped their target price on TechTarget from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, April 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.25.
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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.
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