TechTarget Inc to Post Q1 2018 Earnings of $0.04 Per Share, Jefferies Group Forecasts (TTGT)

TechTarget Inc (NASDAQ:TTGT) – Equities researchers at Jefferies Group issued their Q1 2018 EPS estimates for shares of TechTarget in a research note issued on Wednesday. Jefferies Group analyst B. Fitzgerald forecasts that the information services provider will post earnings per share of $0.04 for the quarter. Jefferies Group has a “Hold” rating and a $13.00 price target on the stock. Jefferies Group also issued estimates for TechTarget’s Q2 2018 earnings at $0.11 EPS and FY2018 earnings at $0.41 EPS.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, February 7th. The information services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. The business had revenue of $30.30 million during the quarter, compared to analysts’ expectations of $30.05 million. TechTarget had a net margin of 6.27% and a return on equity of 5.79%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of TechTarget from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. BidaskClub cut shares of TechTarget from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price objective (up from $14.00) on shares of TechTarget in a report on Friday, January 12th. Finally, Lake Street Capital restated a “buy” rating and set a $18.00 target price (up from $14.00) on shares of TechTarget in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. TechTarget currently has a consensus rating of “Buy” and an average target price of $16.00.

TechTarget (NASDAQ:TTGT) opened at $16.38 on Monday. 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 stock has a market cap of $450.17, a P/E ratio of 68.25, a PEG ratio of 2.64 and a beta of 1.60. TechTarget has a 1-year low of $8.41 and a 1-year high of $16.80.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in TechTarget by 2.6% during the second quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock worth $115,000 after buying an additional 275 shares in the last quarter. First Quadrant L P CA acquired a new position in TechTarget in the 3rd quarter worth approximately $115,000. Nationwide Fund Advisors boosted its stake in TechTarget by 12.6% in the 2nd quarter. Nationwide Fund Advisors now owns 12,634 shares of the information services provider’s stock worth $131,000 after purchasing an additional 1,418 shares during the period. Cigna Investments Inc. New acquired a new position in TechTarget in the 4th quarter worth approximately $176,000. Finally, Goldman Sachs Group Inc. boosted its stake in TechTarget by 14.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 17,754 shares of the information services provider’s stock worth $184,000 after purchasing an additional 2,303 shares during the period. Hedge funds and other institutional investors own 55.74% of the company’s stock.

In related news, President Kevin Beam sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $13.10, for a total transaction of $393,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Nine Ten Partners Lp sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $15.08, for a total transaction of $904,800.00. The disclosure for this sale can be found here. Insiders have sold 292,668 shares of company stock valued at $4,169,326 over the last 90 days. 30.19% of the stock is currently owned by insiders.

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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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