TechTarget Inc (NASDAQ:TTGT) Director Don Hawk sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $19.54, for a total transaction of $293,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of TTGT stock opened at $21.35 on Wednesday. The company has a current ratio of 4.66, a quick ratio of 4.82 and a debt-to-equity ratio of 0.39. TechTarget Inc has a 1 year low of $11.12 and a 1 year high of $34.47. The firm has a market capitalization of $589.18 million, a price-to-earnings ratio of 47.44 and a beta of 1.07.
TechTarget (NASDAQ:TTGT) last issued its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. TechTarget had a net margin of 11.41% and a return on equity of 10.74%. The firm had revenue of $29.97 million for the quarter, compared to analyst estimates of $29.32 million. During the same period in the previous year, the business earned $0.11 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. Research analysts expect that TechTarget Inc will post 0.54 EPS for the current year.
TTGT has been the topic of a number of research analyst reports. BidaskClub upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. ValuEngine upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Craig Hallum upgraded shares of TechTarget from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, May 9th. Finally, Zacks Investment Research lowered shares of TechTarget from a “hold” rating to a “sell” rating in a report on Friday, February 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.00.
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TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.
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