TechTarget - TTGT Stock Forecast, Price & News

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.

Wall Street Analyst Weigh In

TTGT has been the subject of a number of research reports. KeyCorp decreased their target price on TechTarget from $102.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, August 3rd. Raymond James lifted their target price on TechTarget from $81.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, August 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

TechTarget Stock Performance

NASDAQ:TTGT traded up $0.26 during trading hours on Thursday, reaching $69.87. The company had a trading volume of 175,788 shares, compared to its average volume of 183,112. TechTarget has a 1-year low of $56.83 and a 1-year high of $111.44. The firm has a market cap of $2.06 billion, a PE ratio of 184.29 and a beta of 0.99. The business's 50 day moving average price is $66.27 and its 200-day moving average price is $71.82. The company has a debt-to-equity ratio of 1.91, a current ratio of 6.54 and a quick ratio of 6.54.

TechTarget (NASDAQ:TTGT - Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. TechTarget had a return on equity of 21.93% and a net margin of 4.63%. The company had revenue of $68.17 million during the quarter, compared to the consensus estimate of $66.33 million. During the same period in the previous year, the company posted $0.26 earnings per share. TechTarget's revenue for the quarter was up 28.7% on a year-over-year basis. Research analysts forecast that TechTarget will post 1.64 EPS for the current year.

Insider Activity

In related news, CEO Michael Cotoia sold 5,675 shares of the business's stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $65.80, for a total transaction of $373,415.00. Following the completion of the sale, the chief executive officer now directly owns 15,421 shares in the company, valued at $1,014,701.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.92% of the company's stock.