TechTarget (TTGT) Director Sells $1,506,504.58 in Stock

TechTarget (NASDAQ:TTGT) Director Leonard P. Forman sold 63,862 shares of the stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $23.59, for a total value of $1,506,504.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of TechTarget opened at $24.05 on Friday, Marketbeat Ratings reports. TechTarget has a 12-month low of $23.75 and a 12-month high of $24.17. The stock has a market cap of $649.48 million, a PE ratio of 100.21, a P/E/G ratio of 2.57 and a beta of 1.35. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.16.

TechTarget (NASDAQ:TTGT) last announced its quarterly earnings data on Wednesday, May 9th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. TechTarget had a return on equity of 7.47% and a net margin of 7.95%. The firm had revenue of $27.30 million for the quarter, compared to analysts’ expectations of $26.40 million. TechTarget’s revenue for the quarter was up 15.8% compared to the same quarter last year. analysts anticipate that TechTarget will post 0.46 EPS for the current year.

Large investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new position in shares of TechTarget during the fourth quarter valued at about $137,000. Ramsey Quantitative Systems bought a new position in shares of TechTarget during the fourth quarter valued at about $161,000. 1492 Capital Management LLC bought a new position in shares of TechTarget during the fourth quarter valued at about $166,000. PNC Financial Services Group Inc. bought a new position in shares of TechTarget during the first quarter valued at about $248,000. Finally, Cigna Investments Inc. New bought a new position in shares of TechTarget during the fourth quarter valued at about $176,000. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on TTGT. Lake Street Capital set a $23.00 target price on TechTarget and gave the company a “buy” rating in a research note on Friday, May 11th. Craig Hallum set a $25.00 target price on TechTarget and gave the company a “buy” rating in a research note on Thursday, May 10th. Needham & Company LLC increased their target price on TechTarget from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, May 10th. ValuEngine raised TechTarget from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research raised TechTarget from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.40.

TechTarget Company Profile

TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases.

Insider Buying and Selling by Quarter for TechTarget (NASDAQ:TTGT)

Receive News & Ratings for TechTarget Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechTarget and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply