TechTarget (TTGT) Set to Announce Earnings on Tuesday

TechTarget (NASDAQ:TTGTGet Rating) will be announcing its earnings results before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. TechTarget has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

TechTarget (NASDAQ:TTGTGet Rating) last posted its quarterly earnings data on Thursday, February 10th. The information services provider reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. TechTarget had a net margin of 0.36% and a return on equity of 21.79%. The company had revenue of $77.00 million during the quarter, compared to the consensus estimate of $75.39 million. During the same quarter in the prior year, the company posted $0.30 EPS. The company’s quarterly revenue was up 67.7% compared to the same quarter last year. On average, analysts expect TechTarget to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ TTGT opened at $69.80 on Tuesday. The company has a 50-day moving average of $75.96 and a 200-day moving average of $85.61. The company has a market cap of $2.08 billion, a P/E ratio of -6,980,000.00 and a beta of 0.95. TechTarget has a 12 month low of $63.76 and a 12 month high of $111.44. The company has a debt-to-equity ratio of 2.03, a current ratio of 6.26 and a quick ratio of 6.26.

In related 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 legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.45% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC lifted its stake in shares of TechTarget by 2.7% in the third quarter. Jane Street Group LLC now owns 8,245 shares of the information services provider’s stock worth $679,000 after buying an additional 219 shares during the last quarter. Advisors Asset Management Inc. increased its position in TechTarget by 93.6% during the fourth quarter. Advisors Asset Management Inc. now owns 546 shares of the information services provider’s stock worth $52,000 after acquiring an additional 264 shares during the period. Glenmede Trust Co. NA increased its position in TechTarget by 2.6% during the fourth quarter. Glenmede Trust Co. NA now owns 13,413 shares of the information services provider’s stock worth $1,283,000 after acquiring an additional 342 shares during the period. MML Investors Services LLC increased its position in TechTarget by 6.3% during the fourth quarter. MML Investors Services LLC now owns 6,509 shares of the information services provider’s stock worth $623,000 after acquiring an additional 383 shares during the period. Finally, Royal Bank of Canada increased its position in TechTarget by 11.5% during the third quarter. Royal Bank of Canada now owns 3,876 shares of the information services provider’s stock worth $320,000 after acquiring an additional 399 shares during the period. Institutional investors and hedge funds own 99.78% of the company’s stock.

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

About TechTarget (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.

Further Reading

Earnings History for TechTarget (NASDAQ:TTGT)

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