TechTarget, Inc. (TTGT) Director Leonard P. Forman Sells 5,000 Shares
TechTarget, Inc. (NASDAQ:TTGT) Director Leonard P. Forman sold 5,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $13.38, for a total value of $66,900.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
TechTarget, Inc. (NASDAQ:TTGT) traded down $0.06 on Wednesday, hitting $13.44. The stock had a trading volume of 27,300 shares, compared to its average volume of 43,009. TechTarget, Inc. has a 12 month low of $7.97 and a 12 month high of $13.55. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $372.57, a PE ratio of 112.50, a price-to-earnings-growth ratio of 3.38 and a beta of 1.36.
TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, November 8th. The information services provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. TechTarget had a return on equity of 3.01% and a net margin of 3.33%. The company had revenue of $28.01 million during the quarter, compared to analysts’ expectations of $28.34 million. During the same period in the prior year, the business earned $0.07 earnings per share. TechTarget’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities research analysts anticipate that TechTarget, Inc. will post 0.2 EPS for the current fiscal year.
TTGT has been the topic of several analyst reports. ValuEngine downgraded TechTarget from a “hold” rating to a “sell” rating in a report on Monday, July 24th. BidaskClub downgraded TechTarget from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded TechTarget from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target (up previously from $11.00) on shares of TechTarget in a report on Tuesday, October 3rd. Finally, Jefferies Group LLC downgraded TechTarget from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.00.
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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