Somewhat Positive Press Coverage Somewhat Unlikely to Affect TechTarget (TTGT) Stock Price
Headlines about TechTarget (NASDAQ:TTGT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public 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 0.24 on Accern’s scale. Accern also gave news articles about the information services provider an impact score of 46.7624541699139 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- FY2017 EPS Estimates for TechTarget, Inc. (TTGT) Lowered by Analyst (americanbankingnews.com)
- TechTarget, Inc. (TTGT) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- TechTarget, Inc. (TTGT) Rating Reiterated by Jefferies Group LLC (americanbankingnews.com)
- TechTarget, Inc. to Host Earnings Call (finance.yahoo.com)
- TechTarget Reports Third Quarter 2017 Conference Call and Webcast (finance.yahoo.com)
TechTarget (NASDAQ TTGT) traded up $0.19 during mid-day trading on Monday, hitting $13.19. 62,100 shares of the company’s stock were exchanged, compared to its average volume of 42,922. TechTarget has a 12-month low of $7.97 and a 12-month high of $13.37. The stock has a market capitalization of $364.01, a PE ratio of 109.92, a price-to-earnings-growth ratio of 3.30 and a beta of 1.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53.
TechTarget (NASDAQ:TTGT) last released its quarterly earnings data 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. TechTarget had a net margin of 3.33% and a return on equity of 3.01%. The firm had revenue of $28.01 million for the quarter, compared to analysts’ expectations of $28.34 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. research analysts expect that TechTarget will post 0.2 EPS for the current fiscal year.
A number of equities analysts recently commented on TTGT shares. ValuEngine upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of TechTarget from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Jefferies Group LLC restated a “hold” rating and issued a $13.00 price objective on shares of TechTarget in a research report on Friday. Needham & Company LLC restated a “buy” rating and issued a $14.00 price objective (up previously from $11.00) on shares of TechTarget in a research report on Tuesday, October 3rd. Finally, BidaskClub cut shares of TechTarget from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. TechTarget has a consensus rating of “Hold” and an average price target of $12.00.
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In other news, insider Greg Strakosch sold 20,000 shares of TechTarget stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $12.02, for a total transaction of $240,400.00. Following the sale, the insider now owns 1,278,274 shares of the company’s stock, valued at approximately $15,364,853.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Nine Ten Partners Lp sold 47,945 shares of TechTarget stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $11.04, for a total transaction of $529,312.80. The disclosure for this sale can be found here. Insiders have sold a total of 115,890 shares of company stock worth $1,317,587 in the last ninety days. Insiders own 30.19% of the company’s stock.
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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