TechTarget (TTGT) Scheduled to Post Earnings on Wednesday

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TechTarget (NASDAQ:TTGT) is set to release its earnings data after the market closes on Wednesday, August 7th. Analysts expect TechTarget to post earnings of $0.14 per share for the quarter. TechTarget has set its FY 2019 guidance at EPS and its Q2 2019 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $29.97 million for the quarter, compared to analysts’ expectations of $29.32 million. During the same period in the prior year, the firm earned $0.11 earnings per share. TechTarget’s revenue was up 9.8% compared to the same quarter last year. On average, analysts expect TechTarget to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TTGT opened at $21.46 on Tuesday. TechTarget has a one year low of $11.12 and a one year high of $29.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.66 and a quick ratio of 4.66. The firm’s 50 day moving average is $21.51. The company has a market capitalization of $592.21 million, a PE ratio of 47.69 and a beta of 0.81.

In other news, CEO Michael Cotoia sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $19.98, for a total transaction of $59,940.00. Following the sale, the chief executive officer now directly owns 46,923 shares of the company’s stock, valued at $937,521.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Greg Strakosch sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $20.44, for a total transaction of $511,000.00. Following the sale, the chairman now directly owns 479,844 shares in the company, valued at $9,808,011.36. The disclosure for this sale can be found here. Insiders have sold 242,000 shares of company stock worth $5,055,740 over the last three months. 18.68% of the stock is owned by insiders.

Several research firms have recently commented on TTGT. ValuEngine raised shares of TechTarget from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. BidaskClub raised shares of TechTarget from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Zacks Investment Research cut shares of TechTarget from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Finally, Craig Hallum raised shares of TechTarget from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, May 9th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $25.75.

About TechTarget

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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Earnings History for TechTarget (NASDAQ:TTGT)

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