Brokerages Anticipate TechTarget, Inc. (TTGT) to Announce $0.07 EPS
Equities analysts expect TechTarget, Inc. (NASDAQ:TTGT) to report earnings of $0.07 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for TechTarget’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.09. TechTarget posted earnings per share of $0.01 during the same quarter last year, which would suggest a positive year over year growth rate of 600%. The company is expected to issue its next earnings results on Wednesday, November 8th.
On average, analysts expect that TechTarget will report full-year earnings of $0.28 per share for the current year, with EPS estimates ranging from $0.22 to $0.33. For the next year, analysts expect that the business will post earnings of $0.40 per share, with EPS estimates ranging from $0.36 to $0.44. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow TechTarget.
TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.03. TechTarget had a return on equity of 1.38% and a net margin of 1.36%. The company had revenue of $26.70 million for the quarter, compared to analyst estimates of $26.26 million. During the same period in the previous year, the business posted $0.11 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year.
Several equities analysts have recently commented on TTGT shares. ValuEngine upgraded TechTarget from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub cut TechTarget from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and set a $11.00 target price (up from $10.00) on shares of TechTarget in a research note on Sunday, May 14th. Zacks Investment Research cut TechTarget from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Craig Hallum upgraded TechTarget from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. TechTarget currently has a consensus rating of “Hold” and an average price target of $10.50.
In related news, President Kevin Beam sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $10.21, for a total transaction of $102,100.00. Following the sale, the president now directly owns 498,033 shares of the company’s stock, valued at approximately $5,084,916.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 60,000 shares of company stock valued at $583,600. Company insiders own 30.19% of the company’s stock.
Large investors have recently bought and sold shares of the stock. River Road Asset Management LLC purchased a new stake in TechTarget during the first quarter valued at about $3,479,000. TIAA CREF Trust Co. FSB MO purchased a new stake in TechTarget during the first quarter valued at about $3,300,000. TIAA FSB purchased a new stake in TechTarget during the second quarter valued at about $2,842,000. Ameriprise Financial Inc. purchased a new stake in TechTarget during the first quarter valued at about $641,000. Finally, Dimensional Fund Advisors LP raised its stake in TechTarget by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 554,884 shares of the information services provider’s stock valued at $4,733,000 after buying an additional 68,428 shares in the last quarter. 55.54% of the stock is currently owned by institutional investors and hedge funds.
TechTarget (NASDAQ TTGT) traded down 1.74% during mid-day trading on Tuesday, reaching $10.15. 3,619 shares of the company’s stock were exchanged. TechTarget has a 52 week low of $7.68 and a 52 week high of $10.59. The company’s 50 day moving average price is $9.91 and its 200-day moving average price is $9.35. The company has a market capitalization of $278.12 million, a P/E ratio of 199.02 and a beta of 1.53.
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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