NASDAQ:TTGT

TechTarget (TTGT) Stock Forecast, Price & News

$30.36

+0.20 (+0.66%)

(As of 09/29/2023 ET)

Compare

Today's Range: $29.78
▼
$30.62
50-Day Range: $26.24
▼
$33.75
52-Week Range: $26.00
▼
$68.15

Volume: 250,139 shs
Average Volume: 237,063 shs
Market Capitalization: $844.62 million

P/E Ratio: 35.72
Dividend Yield: N/A
Price Target: $39.11

TechTarget MarketRank™ Forecast

Analyst Rating: Hold
2.13 Rating Score
Upside/Downside: 28.8% Upside
$39.11 Price Target
Short Interest: Healthy
4.90% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.42
Upright™ Environmental Score
News Sentiment: 0.80
Based on 12 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 121.43%
From $0.42 to $0.93 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Computer And Technology Sector

59th out of 606 stocks

Telegraph & Other Communications Industry

1st out of 3 stocks

4.1

Analyst's Opinion

Consensus Rating
TechTarget has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 3 buy ratings, 3 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $39.11, TechTarget has a forecasted upside of 28.8% from its current price of $30.36.
Amount of Analyst Coverage
TechTarget has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.90% of the float of TechTarget has been sold short.
Short Interest Ratio / Days to Cover
TechTarget has a short interest ratio ("days to cover") of 5.3.
Change versus previous month
Short interest in TechTarget has recently decreased by 0.81%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
TechTarget does not currently pay a dividend.
Dividend Growth
TechTarget does not have a long track record of dividend growth.

1.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
TechTarget has received a -13.51% net impact score from Upright. Techtarget uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category is driven by its "Consumer data software", "Customer acquisition software", and "Market intelligence data provision" products. See details.
Environmental Sustainability
The Environmental Impact score for TechTarget is -1.42.

3.8

News and Social Media Coverage

News Sentiment
TechTarget has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for TechTarget this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for TTGT on MarketBeat in the last 30 days.
MarketBeat Follows
4 people have added TechTarget to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TechTarget insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.90% of the stock of TechTarget is held by insiders.
Percentage Held by Institutions
92.64% of the stock of TechTarget is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for TechTarget are expected to grow by 121.43% in the coming year, from $0.42 to $0.93 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TechTarget is 35.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of TechTarget is 35.72, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 247.83.
Price to Book Value per Share Ratio
TechTarget has a P/B Ratio of 4.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TechTarget (NASDAQ:TTGT) Stock

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 provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation. It also offers online services, including IT Deal Alert, including priority engine and qualified sales opportunities services; demand solutions, such as white papers, webcasts, podcasts, videocasts, virtual trade shows, and content sponsorships; brand solutions comprise on-network banner advertising and digital sponsorships, off-network banner targeting, and microsites and related formats branding; custom content creation services; and BrightTALK platform that allows customers to create, host and promote webinars, virtual events, and video content. In addition, the company operates an integrated content platform that consists of websites, and webinars and virtual event channels that focus on a specific IT sector, such as storage, security, or networking. Further, it enables registered members to conduct their pre-purchase research by accessing vendor supplied content through its virtual event and webinar channels, and website networks. The company was incorporated in 1999 and is headquartered in Newton, Massachusetts.

TTGT Price History

30 days | 90 days | 365 days | Advanced Chart

TTGT Stock News Headlines

October 1, 2023 | americanbankingnews.com

TechTarget, Inc. (NASDAQ:TTGT) Receives Average Recommendation of "Hold" from Brokerages

September 28, 2023 | msn.com

Raymond James Reiterates Techtarget (TTGT) Outperform Recommendation

October 1, 2023 | Oxford Club (Ad)

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The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

September 28, 2023 | americanbankingnews.com

TechTarget (NASDAQ:TTGT) Coverage Initiated by Analysts at Raymond James

September 27, 2023 | finance.yahoo.com

BrightTALK by TechTarget’s 3rd Annual Reach Virtual Summit Achieves Record Growth and Engagement

September 26, 2023 | americanbankingnews.com

TechTarget (NASDAQ:TTGT) Coverage Initiated by Analysts at UBS Group

September 26, 2023 | finance.yahoo.com

APAC’s Best in Data-Driven Marketing and Sales Honored with TechTarget Archer Awards

September 25, 2023 | finance.yahoo.com

Microsoft upgraded, Nike downgraded: Wall Street's top analyst calls

October 1, 2023 | Oxford Club (Ad)

Better Than Oil Stocks

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

September 25, 2023 | markets.businessinsider.com

4 Analysts Have This to Say About TechTarget

September 3, 2023 | finance.yahoo.com

A Closer Look At TechTarget, Inc.'s (NASDAQ:TTGT) Impressive ROE

August 29, 2023 | benzinga.com

New Enterprise Strategy Group Research Finds Generative AI Strategies Are Rapidly Emerging as Organizations Pursue Historic Transformation

August 17, 2023 | finance.yahoo.com

TechTarget Recognized in Multiple Gartner® Reports

August 10, 2023 | msn.com

JP Morgan Maintains Techtarget (TTGT) Underweight Recommendation

August 10, 2023 | msn.com

Goldman Sachs Maintains Techtarget (TTGT) Sell Recommendation

August 9, 2023 | finance.yahoo.com

TechTarget Inc (TTGT): A Strong Contender in the Interactive Media Industry with a GF Score of 83

August 9, 2023 | msn.com

Needham Maintains Techtarget (TTGT) Buy Recommendation

August 9, 2023 | finance.yahoo.com

Q2 2023 TechTarget Inc Earnings Call

August 9, 2023 | markets.businessinsider.com

Goldman Sachs Reaffirms Their Sell Rating on TechTarget (TTGT)

August 8, 2023 | finance.yahoo.com

TechTarget (TTGT) Surpasses Q2 Earnings and Revenue Estimates

August 8, 2023 | msn.com

TechTarget GAAP EPS of $0.10 beats by $0.08, revenue of $58.43M beats by $1.59M

August 8, 2023 | finance.yahoo.com

TechTarget Reports Second Quarter 2023 Conference Call and Webcast

August 4, 2023 | finance.yahoo.com

Earnings growth of 462% over 1 year hasn't been enough to translate into positive returns for TechTarget (NASDAQ:TTGT) shareholders

July 20, 2023 | finance.yahoo.com

TechTarget Delivers New Workflows and Expanded Opportunity Intelligence to Drive Breakthrough GTM Performance in Latest Release of Priority Engine Platform

July 8, 2023 | ca.finance.yahoo.com

TechTarget, Inc. (TTGT) Stock Historical Prices & Data - Yahoo Finance

June 28, 2023 | finance.yahoo.com

TechTarget to Announce 2023 Second Quarter Financial Results on August 8, 2023

June 22, 2023 | finance.yahoo.com

TechTarget Wins Two 2023 SIIA CODiE Awards for Marketing and Sales Excellence

See More Headlines

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TTGT Company Calendar

Last Earnings: 8/08/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Telegraph & other communications
Sub-Industry: Internet Software & Services
Sector: Computer and Technology
Current Symbol: NASDAQ:TTGT
CUSIP: 87874R10
CIK: 1293282
Web: www.techtarget.com
Phone: (617) 431-9200
Fax: 617-431-9201
Employees: 1,000
Year Founded: 1999

Price Target and Rating

Average Stock Price Forecast: $39.11
High Stock Price Forecast: $50.00
Low Stock Price Forecast: $30.00
Forecasted Upside/Downside: +28.8%
Consensus Rating: Hold
Rating Score (0-4): 2.13
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.85
Trailing P/E Ratio: 35.72
Forward P/E Ratio: 72.29
P/E Growth: N/A
Net Income: $41.61 million
Net Margins: 9.91%
Pretax Margin: 13.51%
Return on Equity: 17.70%
Return on Assets: 5.04%

Debt

Debt-to-Equity Ratio: 2.26
Current Ratio: 9.84
Quick Ratio: 9.84

Sales & Book Value

Annual Sales: $297.49 million
Price / Sales: 2.84
Cash Flow: $2.58 per share
Price / Cash Flow: 11.79
Book Value: $7.42 per share
Price / Book: 4.09

Miscellaneous

Outstanding Shares: 27,820,000
Free Float: 25,067,000
Market Cap: $844.62 million
Optionable: Optionable
Beta: 0.95

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Key Executives

Mr. Michael Cotoia (Age 51)
CEO & Director
Comp: $803.5k

Mr. Don Hawk (Age 52)
Co-Founder & Exec. Director of Product Innovation
Comp: $574k

Mr. Daniel T. Noreck CPA (Age 51)
CFO & Treasurer
Comp: $305k

Ms. Rebecca Kitchens (Age 45)
Pres

Mr. Steven Niemiec (Age 41)
COO & Chief Revenue Officer

Mr. Sean Tierney
Chief Technology Officer

Mr. Charles D. Rennick (Age 41)
VP, Gen. Counsel & Corp. Sec.

Ms. Gabrielle DeRussy
Sr. VP of Sales Operations

Mr. John Steinert
Chief Marketing Officer

Michelle Wilcon
Sr. VP of HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TTGT Stock - Frequently Asked Questions

Should I buy or sell TechTarget stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TechTarget in the last year. There are currently 2 sell ratings, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TTGT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TTGT, but not buy additional shares or sell existing shares.
View TTGT analyst ratings or view top-rated stocks.
What is TechTarget's stock price forecast for 2023?: 8 brokers have issued twelve-month price targets for TechTarget's stock. Their TTGT share price forecasts range from $30.00 to $50.00. On average, they expect the company's share price to reach $39.11 in the next year. This suggests a possible upside of 28.8% from the stock's current price.
View analysts price targets for TTGT or view top-rated stocks among Wall Street analysts.
How have TTGT shares performed in 2023?: TechTarget's stock was trading at $44.06 at the start of the year. Since then, TTGT stock has decreased by 31.1% and is now trading at $30.36.
View the best growth stocks for 2023 here.
When is TechTarget's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our TTGT earnings forecast.
How were TechTarget's earnings last quarter?: TechTarget, Inc. (NASDAQ:TTGT) released its quarterly earnings data on Tuesday, August, 8th. The information services provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.07. The information services provider had revenue of $58.43 million for the quarter, compared to analyst estimates of $57.40 million. TechTarget had a net margin of 9.91% and a trailing twelve-month return on equity of 17.70%.
What ETFs hold TechTarget's stock?: ETFs with the largest weight of TechTarget (NASDAQ:TTGT) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU).SmartETFs Advertising & Marketing Technology ETF (MRAD).
What guidance has TechTarget issued on next quarter's earnings?: TechTarget issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $55.00 million-$57.00 million, compared to the consensus revenue estimate of $55.89 million.
What is Mike Cotoia's approval rating as TechTarget's CEO?: 95 employees have rated TechTarget Chief Executive Officer Mike Cotoia on Glassdoor.com. Mike Cotoia has an approval rating of 88% among the company's employees.

What other stocks do shareholders of TechTarget own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TechTarget investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Trevena (TRVN), Proofpoint (PFPT), AbbVie (ABBV), DocuSign (DOCU), Exelixis (EXEL), Micron Technology (MU), Netflix (NFLX) and OPKO Health (OPK).
What is TechTarget's stock symbol?: TechTarget trades on the NASDAQ under the ticker symbol "TTGT."
How do I buy shares of TechTarget?: Shares of TTGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is TechTarget's stock price today?: One share of TTGT stock can currently be purchased for approximately $30.36.
How much money does TechTarget make?: TechTarget (NASDAQ:TTGT) has a market capitalization of $844.62 million and generates $297.49 million in revenue each year. The information services provider earns $41.61 million in net income (profit) each year or $0.85 on an earnings per share basis.
How many employees does TechTarget have?: The company employs 1,000 workers across the globe.
Does TechTarget have any subsidiaries?: The following companies are subsidiares of TechTarget: Data Science Central.
Read More
How can I contact TechTarget?: TechTarget's mailing address is 275 GROVE STREET, NEWTON MA, 02466. The official website for the company is www.techtarget.com. The information services provider can be reached via phone at (617) 431-9200, via email at dnoreck@techtarget.com, or via fax at 617-431-9201.

This page (NASDAQ:TTGT) was last updated on 10/1/2023 by MarketBeat.com Staff

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