TechTarget Inc (NASDAQ:TTGT) major shareholder Nine Ten Partners Lp sold 60,000 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $15.08, for a total value of $904,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
TechTarget Inc (NASDAQ:TTGT) traded up $0.19 during trading on Monday, reaching $15.25. The company’s stock had a trading volume of 140,100 shares, compared to its average volume of 63,038. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a market cap of $420.86, a PE ratio of 127.08, a price-to-earnings-growth ratio of 2.46 and a beta of 1.41. TechTarget Inc has a 12-month low of $8.41 and a 12-month high of $16.14.
TechTarget (NASDAQ:TTGT) last posted its quarterly earnings results on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $28.01 million during the quarter, compared to analysts’ expectations of $28.34 million. TechTarget had a return on equity of 3.01% and a net margin of 3.33%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 EPS. sell-side analysts expect that TechTarget Inc will post 0.2 earnings per share for the current year.
TTGT has been the subject of several research analyst reports. Jefferies Group reissued a “hold” rating and set a $11.00 price objective on shares of TechTarget in a research report on Thursday, September 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price target (up previously from $11.00) on shares of TechTarget in a report on Tuesday, October 3rd. Zacks Investment Research cut TechTarget from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, BidaskClub cut TechTarget from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. TechTarget has a consensus rating of “Buy” and a consensus price target of $14.00.
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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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