TechTarget (TTGT) Set to Announce Quarterly Earnings on Thursday

TechTarget (NASDAQ:TTGT) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. TechTarget has set its Q1 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Wednesday, February 7th. The information services provider reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. TechTarget had a return on equity of 8.53% and a net margin of 1.94%. The firm had revenue of $57.29 million during the quarter, compared to analysts’ expectations of $56.73 million. On average, analysts expect TechTarget to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TechTarget Trading Up 1.4 %

TTGT stock opened at $28.39 on Tuesday. The business has a fifty day moving average price of $30.17 and a 200 day moving average price of $31.14. TechTarget has a fifty-two week low of $23.43 and a fifty-two week high of $41.93. The stock has a market capitalization of $810.53 million, a price-to-earnings ratio of 177.45, a P/E/G ratio of 8.35 and a beta of 0.99. The company has a debt-to-equity ratio of 1.84, a current ratio of 10.04 and a quick ratio of 10.04.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TTGT shares. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of TechTarget in a report on Thursday, February 8th. TheStreet cut shares of TechTarget from a “c” rating to a “d+” rating in a research report on Wednesday, February 7th. Raymond James boosted their price objective on shares of TechTarget from $31.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. KeyCorp dropped their price objective on shares of TechTarget from $58.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, January 22nd. Finally, UBS Group upgraded shares of TechTarget from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $45.00 in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.33.

Insider Buying and Selling at TechTarget

In other TechTarget news, President Rebecca Kitchens sold 13,666 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total transaction of $440,045.20. Following the completion of the sale, the president now owns 53,920 shares in the company, valued at approximately $1,736,224. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Steven Niemiec sold 13,608 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total value of $438,177.60. Following the completion of the transaction, the chief operating officer now directly owns 40,755 shares in the company, valued at approximately $1,312,311. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Rebecca Kitchens sold 13,666 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total value of $440,045.20. Following the sale, the president now directly owns 53,920 shares of the company’s stock, valued at $1,736,224. The disclosure for this sale can be found here. Corporate insiders own 10.74% of the company’s stock.

About TechTarget

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.