Wall Street analysts expect that TechTarget, Inc. (NASDAQ:TTGT) will report earnings per share (EPS) of $0.07 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for TechTarget’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.09. TechTarget reported earnings per share of $0.01 in the same quarter last year, which suggests a positive year-over-year growth rate of 600%. The company is scheduled to announce its next earnings results on Wednesday, November 8th.

According to Zacks, 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 financial year, analysts expect that the business will report earnings of $0.40 per share, with EPS estimates ranging from $0.36 to $0.44. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover TechTarget.

TechTarget (NASDAQ:TTGT) last posted its earnings results on Wednesday, August 9th. The information services provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.03. TechTarget had a return on equity of 1.38% and a net margin of 1.36%. The firm had revenue of $26.70 million for the quarter, compared to the consensus estimate of $26.26 million. During the same period in the prior year, the business earned $0.11 EPS. TechTarget’s quarterly revenue was down 8.6% compared to the same quarter last year.

A number of research firms have recently commented on TTGT. ValuEngine upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a report on Friday. Craig Hallum upgraded shares of TechTarget from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. BidaskClub cut shares of TechTarget from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of TechTarget from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $11.00 target price (up previously from $10.00) on shares of TechTarget in a report on Sunday, May 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.50.

In related news, President Kevin Beam sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $9.27, for a total value of $231,750.00. Following the sale, the president now owns 520,533 shares in the company, valued at $4,825,340.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 60,000 shares of company stock worth $583,600 in the last 90 days. 30.19% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Engine Capital Management LLC increased its position in TechTarget by 7,889.2% in the first quarter. Engine Capital Management LLC now owns 26,684 shares of the information services provider’s stock valued at $241,000 after buying an additional 26,350 shares during the last quarter. Dimensional Fund Advisors LP increased its position in TechTarget by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 576,669 shares of the information services provider’s stock valued at $5,207,000 after buying an additional 21,785 shares during the last quarter. Geode Capital Management LLC increased its position in TechTarget by 7.8% in the first quarter. Geode Capital Management LLC now owns 133,913 shares of the information services provider’s stock valued at $1,209,000 after buying an additional 9,665 shares during the last quarter. Ariel Investments LLC increased its position in TechTarget by 6.1% in the first quarter. Ariel Investments LLC now owns 915,788 shares of the information services provider’s stock valued at $8,270,000 after buying an additional 52,318 shares during the last quarter. Finally, American International Group Inc. increased its position in TechTarget by 5.6% in the first quarter. American International Group Inc. now owns 11,363 shares of the information services provider’s stock valued at $103,000 after buying an additional 602 shares during the last quarter. Institutional investors and hedge funds own 55.54% of the company’s stock.

TechTarget (TTGT) traded down 1.74% during trading on Tuesday, hitting $10.15. 3,619 shares of the company’s stock traded hands. The stock has a market cap of $278.12 million, a P/E ratio of 199.02 and a beta of 1.53. The company’s 50 day moving average is $9.91 and its 200-day moving average is $9.35. TechTarget has a 12 month low of $7.68 and a 12 month high of $10.59.

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TechTarget Company Profile

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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