Zacks Upgrades TechTarget to “Neutral” (TTGT)
TechTarget (NASDAQ:TTGT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a $5.10 price objective on the stock. Zacks‘ target price would suggest a potential upside of 2.41% from the company’s current price.
Shares of TechTarget (NASDAQ:TTGT) traded down 0.40% on Tuesday, hitting $4.96. 6,244 shares of the company’s stock traded hands. TechTarget has a one year low of $4.00 and a one year high of $5.95. The stock’s 50-day moving average is $4.71 and its 200-day moving average is $4.54. The company’s market cap is $190.6 million.
TechTarget (NASDAQ:TTGT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.01. The company had revenue of $23.10 million for the quarter, compared to the consensus estimate of $23.30 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 12.5% on a year-over-year basis. Analysts expect that TechTarget will post $0.12 EPS for the current fiscal year.
TechTarget, Inc is a provider of specialized online content and brand advertising that brings together buyers and sellers of corporate information technology (NASDAQ:TTGT) products.
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