TechTarget (TTGT) Set to Announce Quarterly Earnings on Thursday

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

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, February 7th. The information services provider reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $57.29 million for the quarter, compared to analyst estimates 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 Price Performance

TechTarget stock opened at $28.39 on Tuesday. The stock’s 50 day moving average is $30.17 and its 200 day moving average is $31.14. The company has a debt-to-equity ratio of 1.84, a current ratio of 10.04 and a quick ratio of 10.04. The firm has a market cap of $810.53 million, a P/E ratio of 177.45, a P/E/G ratio of 8.35 and a beta of 0.99. TechTarget has a one year low of $23.43 and a one year high of $41.93.

Insider Activity

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

Analyst Upgrades and Downgrades

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

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.