TechTarget (TTGT) Scheduled to Post Quarterly Earnings on Thursday

TechTarget (NASDAQ:TTGT) is scheduled to be announcing its earnings results 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 that are interested in participating in the company’s conference call can do so using this link.

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

TechTarget Stock Up 3.5 %

Shares of TTGT stock opened at $28.45 on Thursday. TechTarget has a 52-week low of $23.43 and a 52-week high of $41.93. The stock has a market cap of $812.25 million, a price-to-earnings ratio of 177.82, a PEG ratio of 8.18 and a beta of 0.94. The firm’s 50-day moving average is $30.38 and its 200-day moving average is $31.10. The company has a debt-to-equity ratio of 1.84, a quick ratio of 10.04 and a current ratio of 10.04.

Insider Buying and Selling

In other TechTarget news, President Rebecca Kitchens sold 13,666 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 $440,045.20. Following the transaction, the president now directly owns 53,920 shares of the company’s stock, valued at $1,736,224. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Steven Niemiec sold 13,608 shares of the stock in a transaction 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 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 document filed with the SEC, which is available through the SEC website. Also, President Rebecca Kitchens sold 13,666 shares of the business’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 sale, the president now owns 53,920 shares of the company’s stock, valued at approximately $1,736,224. The disclosure for this sale can be found here. 9.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TTGT has been the subject of several research analyst reports. KeyCorp reduced their target price on TechTarget from $58.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. TheStreet cut shares of TechTarget from a “c” rating to a “d+” rating in a report on Wednesday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of TechTarget in a research note on Thursday, February 8th. Raymond James increased their price objective on TechTarget from $31.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Finally, UBS Group upgraded shares of TechTarget from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $45.00 in a research report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, TechTarget currently has a consensus rating of “Hold” and a consensus price target of $40.33.

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.