Equities research analysts predict that TechTarget, Inc. (NASDAQ:TTGT) will report earnings of $0.11 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for TechTarget’s earnings. TechTarget reported earnings of $0.06 per share in the same quarter last year, which would indicate a positive year over year growth rate of 83.3%. The firm is expected to issue its next quarterly earnings results on Wednesday, November 8th.

On average, analysts expect that TechTarget will report full-year earnings of $0.41 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $0.59 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for TechTarget.

TechTarget (NASDAQ:TTGT) last issued its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.05 EPS for the quarter, missing the 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 company had revenue of $26.70 million during the quarter, compared to analysts’ expectations of $26.26 million. During the same period in the previous year, the firm posted $0.11 EPS. TechTarget’s revenue was down 8.6% compared to the same quarter last year.

A number of research analysts have recently weighed in on TTGT shares. Zacks Investment Research cut TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Craig Hallum upgraded TechTarget from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. ValuEngine upgraded TechTarget from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and issued a $11.00 price target (up previously from $10.00) on shares of TechTarget in a research report on Sunday, May 14th. Finally, Needham & Company LLC raised their price target on TechTarget from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. TechTarget has an average rating of “Hold” and an average target price of $10.75.

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TechTarget (TTGT) traded up 1.41% during midday trading on Friday, hitting $10.08. 57,022 shares of the stock were exchanged. TechTarget has a one year low of $7.80 and a one year high of $10.59. The firm has a 50-day moving average price of $9.77 and a 200-day moving average price of $9.43. The stock has a market cap of $276.20 million, a P/E ratio of 197.65 and a beta of 1.44.

In related news, President Kevin Beam sold 10,000 shares of TechTarget stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $10.21, for a total transaction of $102,100.00. Following the completion of the sale, the president now owns 498,033 shares in the company, valued at approximately $5,084,916.93. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 30.19% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in TechTarget by 8.4% in the second quarter. California State Teachers Retirement System now owns 34,746 shares of the information services provider’s stock worth $360,000 after buying an additional 2,700 shares in the last quarter. State Street Corp boosted its stake in TechTarget by 9.2% in the second quarter. State Street Corp now owns 251,464 shares of the information services provider’s stock worth $2,609,000 after buying an additional 21,093 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in TechTarget by 1.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 994,882 shares of the information services provider’s stock worth $10,317,000 after buying an additional 11,735 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in TechTarget by 14.9% in the second quarter. Goldman Sachs Group Inc. now owns 17,754 shares of the information services provider’s stock worth $184,000 after buying an additional 2,303 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in TechTarget during the second quarter worth approximately $545,000. Hedge funds and other institutional investors own 57.45% of the company’s stock.

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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