Shares of TechTarget, Inc. (NASDAQ:TTGT – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $39.00.
Several research firms have recently commented on TTGT. KeyCorp decreased their price target on shares of TechTarget from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Craig Hallum decreased their target price on TechTarget from $41.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, May 10th. Raymond James dropped their price target on TechTarget from $39.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on TechTarget from $40.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, May 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of TechTarget in a research report on Friday, August 9th.
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TechTarget Trading Up 4.9 %
NASDAQ:TTGT opened at $26.95 on Wednesday. The company has a market cap of $769.40 million, a PE ratio of -107.80, a P/E/G ratio of 23.56 and a beta of 1.07. The business’s 50 day moving average is $30.28 and its two-hundred day moving average is $30.49. The company has a quick ratio of 9.35, a current ratio of 9.35 and a debt-to-equity ratio of 1.74. TechTarget has a 52 week low of $23.43 and a 52 week high of $41.93.
TechTarget (NASDAQ:TTGT – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The business had revenue of $58.91 million for the quarter, compared to analyst estimates of $58.08 million. TechTarget had a positive return on equity of 5.92% and a negative net margin of 3.84%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. On average, analysts predict that TechTarget will post 0.63 EPS for the current year.
TechTarget Company Profile
TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.
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