Brokerages expect TechTarget, Inc. (NASDAQ:TTGT) to post earnings per share of $0.14 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for TechTarget’s earnings. TechTarget posted earnings per share of $0.10 during the same quarter last year, which indicates a positive year-over-year growth rate of 40%. The company is scheduled to report its next earnings report on Tuesday, February 13th.

On average, analysts expect that TechTarget will report full-year earnings of $0.39 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.59 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for TechTarget.

TechTarget (NASDAQ:TTGT) last announced its earnings results on Wednesday, November 8th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. TechTarget had a net margin of 3.33% and a return on equity of 3.01%. The company had revenue of $28.01 million during the quarter, compared to analyst estimates of $28.34 million. During the same period in the previous year, the business earned $0.07 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year.

Several analysts have weighed in on the stock. Jefferies Group downgraded shares of TechTarget from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research note on Thursday, August 17th. ValuEngine raised shares of TechTarget from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price target (up from $11.00) on shares of TechTarget in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of TechTarget from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, BidaskClub downgraded shares of TechTarget from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.

In other news, major shareholder Nine Ten Partners Lp sold 47,945 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $11.04, for a total transaction of $529,312.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Cotoia sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $13.48, for a total transaction of $134,800.00. Following the transaction, the chief executive officer now directly owns 164,812 shares of the company’s stock, valued at $2,221,665.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 205,890 shares of company stock valued at $2,520,287. Insiders own 30.19% of the company’s stock.

Large investors have recently modified their holdings of the company. American International Group Inc. increased its position in shares of TechTarget by 5.6% during 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 period. Geode Capital Management LLC increased its position in shares of TechTarget by 7.8% during 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 period. Dimensional Fund Advisors LP increased its position in shares of TechTarget by 3.9% during 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 period. Goldman Sachs Group Inc. purchased a new position in shares of TechTarget during the first quarter valued at about $140,000. Finally, Rhumbline Advisers increased its position in shares of TechTarget by 7.0% during the second quarter. Rhumbline Advisers now owns 22,325 shares of the information services provider’s stock valued at $232,000 after buying an additional 1,470 shares during the period. 55.84% of the stock is owned by hedge funds and other institutional investors.

TechTarget (NASDAQ TTGT) traded down $0.22 during trading on Wednesday, reaching $13.81. 38,699 shares of the company’s stock traded hands, compared to its average volume of 44,308. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market capitalization of $379.19, a P/E ratio of 114.50, a PEG ratio of 3.43 and a beta of 1.41. TechTarget has a 1-year low of $7.97 and a 1-year high of $14.16.

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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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