TechTarget (TTGT) Earning Somewhat Favorable News Coverage, Study Finds

News articles about TechTarget (NASDAQ:TTGT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TechTarget earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 45.4982516336926 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of TechTarget (NASDAQ:TTGT) traded down 2.23% on Tuesday, hitting $10.51. The stock had a trading volume of 203,605 shares. The firm’s 50-day moving average price is $9.85 and its 200 day moving average price is $9.48. TechTarget has a 12 month low of $7.80 and a 12 month high of $10.94. The firm has a market cap of $287.98 million, a P/E ratio of 206.08 and a beta of 1.44.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). TechTarget had a net margin of 1.36% and a return on equity of 1.38%. The firm had revenue of $26.70 million during the quarter, compared to analysts’ expectations of $26.26 million. During the same period last year, the company earned $0.11 EPS. The business’s quarterly revenue was down 8.6% on a year-over-year basis. Analysts anticipate that TechTarget will post $0.38 EPS for the current fiscal year.

A number of research analysts have recently weighed in on TTGT shares. Zacks Investment Research lowered TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine upgraded TechTarget from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. BidaskClub upgraded TechTarget from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Jefferies Group LLC lowered TechTarget from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a research report on Thursday, August 17th. Finally, Craig Hallum upgraded TechTarget from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. TechTarget currently has a consensus rating of “Hold” and an average target price of $10.75.

COPYRIGHT VIOLATION WARNING: “TechTarget (TTGT) Earning Somewhat Favorable News Coverage, Study Finds” was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2887366/techtarget-ttgt-earning-somewhat-favorable-news-coverage-study-finds.html.

In other news, President Kevin Beam sold 10,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $10.21, for a total value of $102,100.00. Following the completion of the sale, the president now owns 498,033 shares of the company’s stock, valued at approximately $5,084,916.93. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 30.19% of the company’s stock.

About TechTarget

TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.

Insider Buying and Selling by Quarter for TechTarget (NASDAQ:TTGT)

Receive News & Ratings for TechTarget Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechTarget Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.