TechTarget (NASDAQ:TTGT - Get Free Report) announced its earnings results on Monday. The information services provider reported ($2.24) earnings per share (EPS) for the quarter, Zacks reports. TechTarget had a negative return on equity of 125.41% and a negative net margin of 193.29%.
TechTarget Stock Performance
Shares of NASDAQ:TTGT traded down $0.05 during trading on Monday, reaching $7.36. 165,192 shares of the stock were exchanged, compared to its average volume of 261,279. TechTarget has a 12-month low of $6.49 and a 12-month high of $35.11. The firm has a market cap of $525.80 million, a price-to-earnings ratio of -17.63 and a beta of 1.02. The firm's 50-day moving average price is $7.51 and its 200 day moving average price is $11.84.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TTGT. Craig Hallum began coverage on shares of TechTarget in a research note on Monday, June 9th. They issued a "buy" rating and a $12.00 target price for the company. Lake Street Capital cut their target price on shares of TechTarget from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. Needham & Company LLC restated a "buy" rating and issued a $15.00 price target on shares of TechTarget in a report on Wednesday, July 2nd. Wall Street Zen upgraded TechTarget from a "sell" rating to a "hold" rating in a report on Saturday, April 26th. Finally, JPMorgan Chase & Co. cut TechTarget from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $18.00 to $8.00 in a report on Tuesday, June 10th. One investment 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, TechTarget has an average rating of "Hold" and a consensus target price of $19.33.
Read Our Latest Research Report on TechTarget
TechTarget Company Profile
(
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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.
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