NASDAQ:TTGT

TechTarget - TTGT Stock Forecast, Price & News

$58.01

-0.59 (-1.01%)

(As of 09/29/2022 12:00 AM ET)

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Today's Range: $56.13
▼
$58.02
50-Day Range: $56.84
▼
$71.84
52-Week Range: $56.13
▼
$111.44

Volume: 149,711 shs
Average Volume: 178,614 shs
Market Capitalization: $1.71 billion

P/E Ratio: 152.66
Dividend Yield: N/A
Price Target: $87.33

TechTarget MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 50.5% Upside
$87.33 Price Target
Short Interest: Bearish
8.49% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.76
Upright™ Environmental Score
News Sentiment: 0.21
Based on 4 Articles This Week
Insider Trading: Selling Shares
$769,373 Sold Last Quarter
Proj. Earnings Growth: 22.89%
From $1.66 to $2.04 Per Share

Overall MarketRank^™

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

2.30 out of 5 stars

Computer And Technology Sector

342nd out of 650 stocks

Business Services, Not Elsewhere Classified Industry

55th out of 102 stocks

3.5

Analyst's Opinion

Consensus Rating
TechTarget has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $87.33, TechTarget has a forecasted upside of 50.5% from its current price of $58.01.
Amount of Analyst Coverage
TechTarget has only been the subject of 2 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
8.49% 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 13.5, which indicates bearish sentiment.
Change versus previous month
Short interest in TechTarget has recently increased by 10.19%, indicating that investor sentiment is decreasing significantly.

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.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
TechTarget has received a 18.11% net impact score from Upright. Techtarget seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is driven by its "Consumer data software", "Market intelligence data provision", and "Customer acquisition software" products. See details.
Environmental Sustainability
The Environmental Impact score for TechTarget is -0.76.

2.3

News and Social Media Coverage

News Sentiment
TechTarget has a news sentiment score of 0.21. 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 lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for TechTarget this week, compared to 2 articles on an average week.
MarketBeat Follows
4 people have added TechTarget to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TechTarget insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $769,373.00 in company stock.
Percentage Held by Insiders
Only 8.92% of the stock of TechTarget is held by insiders.
Percentage Held by Institutions
98.73% of the stock of TechTarget is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for TechTarget are expected to grow by 22.89% in the coming year, from $1.66 to $2.04 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TechTarget is 152.66, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 122.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of TechTarget is 152.66, 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 369.16.
Price to Book Value per Share Ratio
TechTarget has a P/B Ratio of 7.50. 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. It also 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. The company offers online services, including IT Deal Alert, including priority engine, qualified sales opportunities, deal data services; demand solutions, such as white papers, webcasts, podcasts, videocasts, virtual trade shows, and content sponsorships; brand solutions comprise on-network, off-network, 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. It also operates an integrated content platform that consists of a network of approximately 150 websites, and 1,080 webinars and virtual event channels that focus on a specific IT sector, such as storage, security, or networking. In addition, the company enables registered members to conduct their pre-purchase research by accessing vendor supplied content through its virtual event and webinar channels, and website networks. TechTarget, Inc. was incorporated in 1999 and is headquartered in Newton, Massachusetts.

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TTGT Stock News Headlines

September 29, 2022 | finance.yahoo.com

TechTarget Launches Prospect-Level Purchase Intent Data for Healthcare in Latest Release of its Priority Engine Platform

September 29, 2022 | businesswire.com

TechTarget Launches Prospect-Level Purchase Intent Data for Healthcare in Latest Release of its Priority Engine Platform - Business Wire

September 27, 2022 | americanbankingnews.com

TechTarget, Inc. (NASDAQ:TTGT) Receives $91.00 Consensus Target Price from Analysts

September 21, 2022 | seekingalpha.com

Franklin Covey And TechTarget: More Similar Than You'd Think - Seeking Alpha

September 17, 2022 | seekingalpha.com

TechTarget Stock: Near-Term Cap-Gain Prospect Today (NASDAQ:TTGT) - Seeking Alpha

September 15, 2022 | finance.yahoo.com

Investing in TechTarget (NASDAQ:TTGT) five years ago would have delivered you a 442% gain

September 13, 2022 | businesswire.com

TechTarget Archer Awards Recognize APAC's Best in Data-Driven Marketing and Sales - Business Wire

September 8, 2022 | reuters.com

TTGT.O - TechTarget Inc | Stock Price & Latest News | Reuters

September 5, 2022 | reuters.com

TTGT.OQ - TechTarget Inc | Stock Price & Latest News | Reuters

August 18, 2022 | benzinga.com

TechTarget's Return on Invested Capital Insights - Benzinga

August 7, 2022 | seekingalpha.com

TechTarget, Inc. (TTGT) CEO Mike Cotoia on Q2 2022 Results - Earnings Call Transcript - Seeking Alpha

August 5, 2022 | msn.com

Earnings Outlook For TechTarget

August 5, 2022 | markets.businessinsider.com

Expert Ratings for TechTarget

August 4, 2022 | finance.yahoo.com

TechTarget (TTGT) Beats Q2 Earnings and Revenue Estimates

August 4, 2022 | benzinga.com

Recap: TechTarget Q2 Earnings

August 4, 2022 | benzinga.com

TechTarget Reports Second Quarter 2022 Conference Call and Webcast - Benzinga

August 4, 2022 | finance.yahoo.com

TechTarget Reports Second Quarter 2022 Conference Call and Webcast

August 3, 2022 | benzinga.com

Expert Ratings for TechTarget - Benzinga

August 3, 2022 | seekingalpha.com

TechTarget Q2 2022 Earnings Preview - Seeking Alpha

July 21, 2022 | businesswire.com

TechTarget Named a Leader in Account-Based Marketing (ABM) in Report from Global Analyst Firm Quadrant Knowledge Solutions - Business Wire

July 21, 2022 | finance.yahoo.com

Is There An Opportunity With TechTarget, Inc.'s (NASDAQ:TTGT) 50% Undervaluation?

July 14, 2022 | businesswire.com

TechTarget Named a G2 Grid® Report Leader in Buyer Intent Data, Marketing Intelligence and Sales Intelligence for 11th Consecutive Time - Business Wire

July 14, 2022 | finance.yahoo.com

TechTarget Named a G2 Grid® Report Leader in Buyer Intent Data, Marketing Intelligence and Sales Intelligence for 11th Consecutive Time

June 29, 2022 | benzinga.com

TechTarget to Announce 2022 Second Quarter Financial Results on August 4, 2022 - Benzinga - Benzinga

June 29, 2022 | finance.yahoo.com

TechTarget to Announce 2022 Second Quarter Financial Results on August 4, 2022

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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TTGT Company Calendar

Last Earnings: 11/03/2021
Today: 9/29/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
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: $87.33
High Stock Price Forecast: $100.00
Low Stock Price Forecast: $80.00
Forecasted Upside/Downside: +50.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.38
Trailing P/E Ratio: 152.66
Forward P/E Ratio: 34.95
P/E Growth: N/A
Net Income: $950,000.00
Net Margins: 4.63%
Pretax Margin: 8.63%
Return on Equity: 21.93%
Return on Assets: 6.89%

Debt

Debt-to-Equity Ratio: 1.91
Current Ratio: 6.54
Quick Ratio: 6.54

Sales & Book Value

Annual Sales: $263.43 million
Price / Sales: 6.50
Cash Flow: $2.21 per share
Price / Cash Flow: 26.26
Book Value: $7.73 per share
Price / Book: 7.50

Miscellaneous

Outstanding Shares: 29,507,000
Free Float: 26,875,000
Market Cap: $1.71 billion
Optionable: Optionable
Beta: 0.99

Social Links

Key Executives

Mr. Michael Cotoia (Age 50)
CEO & Director
Comp: $803.5k

Mr. Don Hawk (Age 51)
Co-Founder & Exec. Director of Product Innovation
Comp: $574k

Mr. Daniel T. Noreck CPA (Age 50)
CFO & Treasurer
Comp: $305k

Mr. Sean Tierney
Chief Technology Officer

Mr. Charles D. Rennick (Age 40)
VP, Gen. Counsel & Corp. Sec.

Ms. Gabrielle DeRussy
Sr. VP of Sales Operations

Mr. John Steinert
Chief Marketing Officer

Ms. Arden Port
Chief HR Officer

Mr. Mark Schlack
Sr. VP of Editorial

Mr. Jon Panker
Managing Director of Asia Pacific

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?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TechTarget in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TTGT shares.
View TTGT analyst ratings or view top-rated stocks.
What is TechTarget's stock price forecast for 2022?: 3 equities research analysts have issued 1 year target prices for TechTarget's stock. Their TTGT share price forecasts range from $80.00 to $100.00. On average, they anticipate the company's share price to reach $87.33 in the next year. This suggests a possible upside of 50.5% 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 2022?: TechTarget's stock was trading at $95.66 on January 1st, 2022. Since then, TTGT shares have decreased by 39.4% and is now trading at $58.01.
View the best growth stocks for 2022 here.
When is TechTarget's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our TTGT earnings forecast.
How were TechTarget's earnings last quarter?: TechTarget, Inc. (NASDAQ:TTGT) released its quarterly earnings results on Wednesday, November, 3rd. The information services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.44 by $0.16. The information services provider had revenue of $69.75 million for the quarter, compared to analysts' expectations of $66.82 million. TechTarget had a trailing twelve-month return on equity of 21.93% and a net margin of 4.63%. During the same quarter in the previous year, the company posted $0.18 EPS.
What guidance has TechTarget issued on next quarter's earnings?: TechTarget updated its third quarter 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $79.00 million-$81.00 million, compared to the consensus revenue estimate of $80.93 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 $58.01.
How much money does TechTarget make?: TechTarget (NASDAQ:TTGT) has a market capitalization of $1.71 billion and generates $263.43 million in revenue each year. The information services provider earns $950,000.00 in net income (profit) each year or $0.38 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 9/30/2022 by MarketBeat.com Staff

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TechTarget - TTGT Stock Forecast, Price & News

TechTarget MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability