TechTarget (TTGT) Sets New 12-Month High and Low at $26.16

Shares of TechTarget (NASDAQ:TTGT) hit a new 52-week high and low during trading on Friday . The stock traded as low as $26.16 and last traded at $25.68, with a volume of 14722 shares traded. The stock had previously closed at $25.49.

Several analysts have commented on TTGT shares. BidaskClub lowered shares of TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Lake Street Capital reaffirmed a “buy” rating and issued a $18.00 price objective (up previously from $14.00) on shares of TechTarget in a research report on Thursday, February 8th. Zacks Investment Research raised shares of TechTarget from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, February 13th. ValuEngine raised shares of TechTarget from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Needham & Company LLC boosted their price target on shares of TechTarget from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, April 11th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. TechTarget has a consensus rating of “Buy” and a consensus price target of $22.40.

The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.16. The stock has a market cap of $675.88 million, a PE ratio of 107.67, a P/E/G ratio of 2.67 and a beta of 1.35.

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

In related news, Director Roger M. Marino sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $19.57, for a total transaction of $587,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel T. Noreck sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $19.42, for a total transaction of $38,840.00. Following the transaction, the chief financial officer now directly owns 6,056 shares of the company’s stock, valued at approximately $117,607.52. The disclosure for this sale can be found here. In the last three months, insiders sold 500,400 shares of company stock worth $10,670,670. Insiders own 27.14% of the company’s stock.

A number of large investors have recently modified their holdings of TTGT. MetLife Investment Advisors LLC purchased a new position in TechTarget during the fourth quarter valued at approximately $137,000. Ramsey Quantitative Systems purchased a new position in TechTarget during the fourth quarter valued at approximately $161,000. 1492 Capital Management LLC purchased a new position in TechTarget during the fourth quarter valued at approximately $166,000. Cigna Investments Inc. New purchased a new position in TechTarget during the fourth quarter valued at approximately $176,000. Finally, Jefferies Group LLC purchased a new position in TechTarget during the fourth quarter valued at approximately $185,000. 56.95% of the stock is owned by institutional investors.

About TechTarget

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.

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