TechTarget (TTGT) to Release Earnings on Thursday

TechTarget (NASDAQ:TTGT) is projected to release its results after the market closes on Thursday, February 5th. Analysts expect TechTarget to post earnings of $0.35 per share and revenue of $140.9080 million for the quarter.

TechTarget Stock Performance

NASDAQ:TTGT opened at $5.40 on Thursday. The company has a market capitalization of $389.66 million, a PE ratio of -3.12 and a beta of 0.87. TechTarget has a fifty-two week low of $4.63 and a fifty-two week high of $18.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day simple moving average of $5.30 and a two-hundred day simple moving average of $5.84.

Hedge Funds Weigh In On TechTarget

Several large investors have recently made changes to their positions in TTGT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of TechTarget by 32.3% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,480 shares of the information services provider’s stock worth $578,000 after acquiring an additional 24,309 shares during the last quarter. Two Sigma Investments LP bought a new stake in TechTarget during the 3rd quarter valued at approximately $967,000. Public Sector Pension Investment Board lifted its holdings in shares of TechTarget by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 92,443 shares of the information services provider’s stock worth $718,000 after buying an additional 6,355 shares in the last quarter. Jane Street Group LLC purchased a new stake in TechTarget in the 2nd quarter worth $984,000. Finally, Invesco Ltd. lifted its position in shares of TechTarget by 52.9% in the second quarter. Invesco Ltd. now owns 67,055 shares of the information services provider’s stock worth $521,000 after buying an additional 23,200 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on TTGT shares. Weiss Ratings restated a “sell (e+)” rating on shares of TechTarget in a research note on Wednesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of TechTarget in a report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, TechTarget has a consensus rating of “Hold” and a consensus price target of $11.25.

About TechTarget

TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget’s offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.

The company’s core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.