Somewhat Favorable Media Coverage Somewhat Unlikely to Affect TechTarget (TTGT) Share Price
News headlines about TechTarget (NASDAQ:TTGT) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TechTarget earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 42.905173052617 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s rankings:
- Greg Strakosch Sells 30,000 Shares of TechTarget Inc (TTGT) Stock (americanbankingnews.com)
- Needham & Company LLC Boosts TechTarget (TTGT) Price Target to $17.00 (americanbankingnews.com)
- TechTarget (TTGT) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Zacks: Brokerages Anticipate TechTarget Inc (TTGT) Will Post Earnings of $0.14 Per Share (americanbankingnews.com)
- $30.03 Million in Sales Expected for TechTarget Inc (TTGT) This Quarter (americanbankingnews.com)
Shares of TechTarget (TTGT) opened at $14.61 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a market capitalization of $403.20, a P/E ratio of 121.75, a PEG ratio of 2.22 and a beta of 1.41. TechTarget has a 52-week low of $8.41 and a 52-week high of $14.74.
TechTarget (NASDAQ:TTGT) last posted its quarterly earnings results on Wednesday, November 8th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $28.01 million during the quarter, compared to analyst estimates of $28.34 million. TechTarget had a return on equity of 3.01% and a net margin of 3.33%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. sell-side analysts predict that TechTarget will post 0.2 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on TTGT shares. Zacks Investment Research lowered TechTarget from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Needham & Company LLC restated a “buy” rating and issued a $17.00 price target (up from $14.00) on shares of TechTarget in a research report on Friday. Jefferies Group restated a “hold” rating and issued a $11.00 price target on shares of TechTarget in a research report on Thursday, September 28th. Finally, BidaskClub lowered TechTarget from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $14.00.
In related news, CEO Michael Cotoia sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $13.48, for a total value of $134,800.00. Following the completion of the transaction, the chief executive officer now directly owns 164,812 shares in the company, valued at $2,221,665.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leonard P. Forman sold 5,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $13.38, for a total value of $66,900.00. The disclosure for this sale can be found here. Insiders sold 195,328 shares of company stock valued at $2,617,484 over the last 90 days. Company insiders own 30.19% of the company’s stock.
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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