Equities research analysts forecast that TechTarget, Inc. (NASDAQ:TTGT) will report earnings per share of $0.04 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for TechTarget’s earnings. TechTarget reported earnings per share of $0.07 during the same quarter last year, which suggests a negative year-over-year growth rate of 42.9%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 9th.

On average, analysts expect that TechTarget will report full-year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.33. For the next year, analysts anticipate that the company will post earnings of $0.40 per share, with EPS estimates ranging from $0.36 to $0.44. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover TechTarget.

TechTarget (NASDAQ:TTGT) last issued its earnings results on Wednesday, May 10th. The information services provider reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. The business had revenue of $23.60 million for the quarter, compared to the consensus estimate of $23.16 million. TechTarget had a net margin of 2.32% and a return on equity of 2.19%. TechTarget’s quarterly revenue was down 5.6% compared to the same quarter last year.

TTGT has been the topic of a number of research reports. Zacks Investment Research raised shares of TechTarget from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday, May 19th. Jefferies Group LLC reissued a “buy” rating and issued a $11.00 price objective (up from $10.00) on shares of TechTarget in a research note on Sunday, May 14th. Needham & Company LLC increased their price objective on shares of TechTarget from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, May 11th. BidaskClub raised shares of TechTarget from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, ValuEngine raised shares of TechTarget from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.20.

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TechTarget (NASDAQ:TTGT) opened at 9.71 on Friday. The company has a market capitalization of $266.48 million, a P/E ratio of 115.60 and a beta of 1.54. TechTarget has a 52 week low of $6.73 and a 52 week high of $10.59. The firm has a 50-day moving average of $9.99 and a 200-day moving average of $9.26.

In other TechTarget news, President Kevin Beam sold 10,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $10.21, for a total value of $102,100.00. Following the transaction, the president now directly owns 498,033 shares in the company, valued at approximately $5,084,916.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 87,429 shares of company stock worth $834,863. 30.19% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TTGT. Russell Investments Group Ltd. bought a new position in shares of TechTarget during the fourth quarter valued at $735,000. State Street Corp raised its position in shares of TechTarget by 3.4% in the fourth quarter. State Street Corp now owns 231,237 shares of the information services provider’s stock valued at $1,977,000 after buying an additional 7,578 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of TechTarget by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 554,884 shares of the information services provider’s stock valued at $4,733,000 after buying an additional 68,428 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of TechTarget by 28.8% in the fourth quarter. Renaissance Technologies LLC now owns 603,700 shares of the information services provider’s stock valued at $5,150,000 after buying an additional 135,148 shares during the last quarter. Finally, River Road Asset Management LLC bought a new position in shares of TechTarget during the first quarter valued at $3,479,000. Institutional investors and hedge funds own 55.89% of the company’s stock.

About TechTarget

TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.

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