TechTarget (TTGT) Projected to Post Earnings on Thursday

TechTarget (NASDAQ:TTGT) is anticipated to post its resultson Thursday, May 7th. Analysts expect TechTarget to post earnings of ($0.3933) per share and revenue of $104.9330 million for the quarter.

TechTarget Trading Up 1.2%

Shares of TechTarget stock traded up $0.07 during midday trading on Tuesday, reaching $5.99. The company had a trading volume of 393,138 shares, compared to its average volume of 454,726. The stock has a fifty day moving average price of $4.20 and a 200 day moving average price of $4.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $433.08 million, a PE ratio of -0.43 and a beta of 1.20. TechTarget has a fifty-two week low of $3.41 and a fifty-two week high of $9.47.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TechTarget in a research note on Monday, April 20th. Wall Street Zen upgraded TechTarget from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Needham & Company LLC reiterated a “buy” rating on shares of TechTarget in a report on Thursday, March 12th. Finally, Lake Street Capital lowered their target price on TechTarget from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.75.

Institutional Investors Weigh In On TechTarget

Hedge funds have recently added to or reduced their stakes in the business. Lynrock Lake LP increased its holdings in shares of TechTarget by 8.4% during the fourth quarter. Lynrock Lake LP now owns 3,385,913 shares of the information services provider’s stock valued at $18,284,000 after acquiring an additional 262,092 shares in the last quarter. Millennium Management LLC increased its holdings in shares of TechTarget by 1,881.8% during the third quarter. Millennium Management LLC now owns 1,242,193 shares of the information services provider’s stock valued at $7,217,000 after acquiring an additional 1,179,513 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of TechTarget by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 742,895 shares of the information services provider’s stock valued at $4,012,000 after acquiring an additional 25,468 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of TechTarget by 78.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 435,362 shares of the information services provider’s stock valued at $2,351,000 after acquiring an additional 190,920 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of TechTarget by 76.2% during the fourth quarter. Trexquant Investment LP now owns 228,679 shares of the information services provider’s stock valued at $1,235,000 after acquiring an additional 98,932 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.

About TechTarget

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.