TechTarget Inc. Hits New 52-Week High at $7.26 (TTGT)
TechTarget (NASDAQ:TTGT)’s share price reached a new 52-week high during trading on Monday, AnalystRatings.Net reports. The stock traded as high as $7.26 and last traded at $7.10, with a volume of 154,964 shares traded. The stock had previously closed at $6.92.
A number of analysts have recently weighed in on TTGT shares. Analysts at Benchmark Co. raised their price target on shares of TechTarget from $5.50 to $6.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Analysts at Zacks upgraded shares of TechTarget from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $5.10 price target on the stock.
In other TechTarget news, Director Don Hawk bought 10,000 shares of TechTarget stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $5.04 per share, with a total value of $50,400.00. Following the purchase, the director now directly owns 258,723 shares of the company’s stock, valued at approximately $1,303,964. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
TechTarget has a 52-week low of $4.00 and a 52-week high of $7.12. The stock’s 50-day moving average is $6.26 and its 200-day moving average is $5.10. The company’s market cap is $224.0 million.
TechTarget (NASDAQ:TTGT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03. The company had revenue of $22.10 million for the quarter, compared to the consensus estimate of $22.04 million. On average, analysts predict that TechTarget will post $0.09 earnings per share 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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