$66.83 Million in Sales Expected for TechTarget, Inc. (NASDAQ:TTGT) This Quarter

Analysts expect that TechTarget, Inc. (NASDAQ:TTGT – Get Rating) will announce $66.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for TechTarget’s earnings, with estimates ranging from $66.21 million to $67.50 million. TechTarget posted sales of $57.99 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.2%. The business is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that TechTarget will report full-year sales of $312.56 million for the current financial year, with estimates ranging from $312.00 million to $313.41 million. For the next financial year, analysts anticipate that the company will post sales of $358.95 million, with estimates ranging from $357.00 million to $363.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover TechTarget.

TechTarget (NASDAQ:TTGT – Get Rating) last posted its quarterly earnings results on Thursday, February 10th. The information services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. TechTarget had a return on equity of 21.79% and a net margin of 0.36%. The firm had revenue of $77.00 million during the quarter, compared to the consensus estimate of $75.39 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up 67.7% compared to the same quarter last year.

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on TechTarget from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, February 11th. TheStreet lowered TechTarget from a “b” rating to a “c” rating in a research report on Thursday, February 10th. StockNews.com assumed coverage on shares of TechTarget in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of TechTarget from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Finally, Raymond James dropped their price objective on shares of TechTarget from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, February 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $99.57.

TTGT stock opened at $67.38 on Thursday. The stock has a 50-day moving average price of $76.31 and a two-hundred day moving average price of $85.92. TechTarget has a 12-month low of $63.76 and a 12-month high of $111.44. The company has a current ratio of 6.26, a quick ratio of 6.26 and a debt-to-equity ratio of 2.03. The company has a market cap of $2.00 billion, a PE ratio of -6,738,000.00 and a beta of 0.95.

In other news, Director Don Hawk sold 4,819 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $77.28, for a total transaction of $372,412.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.45% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in TTGT. Amalgamated Bank boosted its holdings in TechTarget by 1.5% in the third quarter. Amalgamated Bank now owns 13,375 shares of the information services provider’s stock worth $1,102,000 after purchasing an additional 197 shares during the period. SG Americas Securities LLC acquired a new position in TechTarget in the third quarter worth $296,000. Deutsche Bank AG boosted its holdings in TechTarget by 1.9% in the third quarter. Deutsche Bank AG now owns 86,326 shares of the information services provider’s stock worth $7,115,000 after purchasing an additional 1,611 shares during the period. Hancock Whitney Corp acquired a new position in TechTarget in the third quarter worth $591,000. Finally, Advisor Group Holdings Inc. boosted its holdings in TechTarget by 36.5% in the third quarter. Advisor Group Holdings Inc. now owns 5,518 shares of the information services provider’s stock worth $455,000 after purchasing an additional 1,476 shares during the period. 94.88% of the stock is owned by institutional investors and hedge funds.

TechTarget Company Profile (Get Rating)

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. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.

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