TechTarget (TTGT) Getting Somewhat Favorable News Coverage, Study Finds
Media stories about TechTarget (NASDAQ:TTGT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog 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 0.21 on Accern’s scale. Accern also assigned press coverage about the information services provider an impact score of 44.9432486482121 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
TechTarget (NASDAQ TTGT) traded down 1.32% during midday trading on Friday, hitting $11.94. 29,007 shares of the stock were exchanged. The stock has a market cap of $327.17 million, a P/E ratio of 234.12 and a beta of 1.44. The firm has a 50-day moving average price of $10.02 and a 200-day moving average price of $9.55. TechTarget has a one year low of $7.85 and a one year high of $12.18.
TechTarget (NASDAQ:TTGT) last released its earnings results on Wednesday, August 9th. The information services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). TechTarget had a net margin of 1.36% and a return on equity of 1.38%. The business had revenue of $26.70 million during the quarter, compared to analyst estimates of $26.26 million. During the same period last year, the business posted $0.11 EPS. TechTarget’s revenue was down 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that TechTarget will post $0.38 EPS for the current fiscal year.
TTGT has been the subject of several recent analyst reports. ValuEngine raised shares of TechTarget from a “sell” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub lowered shares of TechTarget from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of TechTarget from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Saturday, August 19th. Jefferies Group LLC reissued a “hold” rating and issued a $11.00 price target on shares of TechTarget in a report on Thursday. Finally, Craig Hallum raised shares of TechTarget from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. TechTarget currently has an average rating of “Hold” and a consensus target price of $10.75.
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In other news, major shareholder Nine Ten Partners Lp sold 40,000 shares of TechTarget stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $11.51, for a total transaction of $460,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Kevin Beam sold 10,000 shares of TechTarget stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $10.21, for a total value of $102,100.00. Following the transaction, the president now directly owns 498,033 shares of the company’s stock, valued at approximately $5,084,916.93. The disclosure for this sale can be found here. Insiders have sold a total of 130,890 shares of company stock valued at $1,429,037 in the last ninety days. Corporate 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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