TechTarget (NASDAQ:TTGT) Announces Earnings Results

TechTarget (NASDAQ:TTGT - Get Free Report) released its quarterly earnings data on Monday. The information services provider reported ($2.24) EPS for the quarter, Zacks reports. The company had revenue of $103.89 million during the quarter. TechTarget had a negative return on equity of 125.41% and a negative net margin of 193.29%.

TechTarget Stock Up 4.4%

Shares of NASDAQ:TTGT traded up $0.33 during trading on Thursday, hitting $7.75. The stock had a trading volume of 729,938 shares, compared to its average volume of 347,223. The company has a market capitalization of $554.04 million, a PE ratio of -18.45 and a beta of 1.02. The firm's fifty day moving average is $7.47 and its 200 day moving average is $11.70. TechTarget has a 12 month low of $6.49 and a 12 month high of $33.08.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Craig Hallum started coverage on shares of TechTarget in a report on Monday, June 9th. They set a "buy" rating and a $12.00 price target for the company. JPMorgan Chase & Co. lowered shares of TechTarget from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $18.00 to $8.00 in a report on Tuesday, June 10th. Wall Street Zen upgraded TechTarget from a "sell" rating to a "hold" rating in a report on Saturday, April 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price target on shares of TechTarget in a research report on Wednesday, July 2nd. Finally, Lake Street Capital reduced their target price on TechTarget from $12.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, TechTarget has an average rating of "Hold" and an average target price of $19.33.

About TechTarget

TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.