TechTarget (TTGT) Expected to Announce Quarterly Earnings on Thursday

TechTarget (NASDAQ:TTGT) is projected to announce its results after the market closes on Thursday, February 5th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $140.9080 million for the quarter.

TechTarget Price Performance

TTGT opened at $5.40 on Thursday. The firm has a market capitalization of $389.66 million, a PE ratio of -3.12 and a beta of 0.87. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50-day moving average is $5.30 and its two-hundred day moving average is $5.84. TechTarget has a 1 year low of $4.63 and a 1 year high of $18.69.

Institutional Trading of TechTarget

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its position in shares of TechTarget by 1,881.8% during the 3rd quarter. Millennium Management LLC now owns 1,242,193 shares of the information services provider’s stock worth $7,217,000 after acquiring an additional 1,179,513 shares in the last quarter. Two Sigma Investments LP purchased a new position in TechTarget in the third quarter valued at approximately $967,000. Jane Street Group LLC purchased a new stake in shares of TechTarget during the 2nd quarter worth approximately $984,000. Squarepoint Ops LLC boosted its holdings in shares of TechTarget by 379.7% in the 3rd quarter. Squarepoint Ops LLC now owns 52,374 shares of the information services provider’s stock valued at $304,000 after buying an additional 41,457 shares in the last quarter. Finally, Worth Venture Partners LLC grew its position in shares of TechTarget by 78.7% in the 3rd quarter. Worth Venture Partners LLC now owns 75,327 shares of the information services provider’s stock valued at $438,000 after buying an additional 33,165 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTGT has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of TechTarget in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (e+)” rating on shares of TechTarget in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.25.

TechTarget Company Profile

TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget’s offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.

The company’s core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.