Wall Street brokerages predict that TechTarget Inc (NASDAQ:TTGT) will post $29.50 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for TechTarget’s earnings, with the lowest sales estimate coming in at $29.30 million and the highest estimate coming in at $29.70 million. TechTarget posted sales of $27.30 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, May 8th.

According to Zacks, analysts expect that TechTarget will report full year sales of $133.50 million for the current year, with estimates ranging from $133.40 million to $133.60 million. For the next fiscal year, analysts expect that the company will report sales of $148.30 million, with estimates ranging from $147.20 million to $149.40 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow TechTarget.

TechTarget (NASDAQ:TTGT) last announced its earnings results on Wednesday, February 6th. The information services provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. The business had revenue of $31.82 million for the quarter, compared to the consensus estimate of $31.37 million. TechTarget had a return on equity of 10.06% and a net margin of 10.68%. TechTarget’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS.

Several brokerages have recently commented on TTGT. ValuEngine raised TechTarget from a “sell” rating to a “hold” rating in a report on Friday, January 25th. BidaskClub raised TechTarget from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Zacks Investment Research cut shares of TechTarget from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.00.

Shares of TTGT opened at $16.04 on Tuesday. The company has a market capitalization of $447.77 million, a PE ratio of 35.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.82 and a current ratio of 4.82. TechTarget has a one year low of $11.12 and a one year high of $34.47.

In related news, CEO Michael Cotoia sold 8,307 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $16.21, for a total value of $134,656.47. Following the completion of the transaction, the chief executive officer now owns 69,310 shares in the company, valued at approximately $1,123,515.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Greg Strakosch sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $15.03, for a total transaction of $375,750.00. Following the completion of the transaction, the insider now owns 412,242 shares of the company’s stock, valued at approximately $6,195,997.26. The disclosure for this sale can be found here. Insiders sold a total of 211,151 shares of company stock valued at $3,153,932 in the last 90 days. 27.14% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Pearl River Capital LLC bought a new stake in shares of TechTarget during the 4th quarter valued at $60,000. Metropolitan Life Insurance Co. NY raised its position in shares of TechTarget by 413.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,859 shares of the information services provider’s stock valued at $84,000 after acquiring an additional 5,522 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of TechTarget during the 4th quarter valued at $90,000. Oregon Public Employees Retirement Fund bought a new stake in shares of TechTarget during the 4th quarter valued at $103,000. Finally, New York State Teachers Retirement System bought a new stake in shares of TechTarget during the 4th quarter valued at $119,000. Hedge funds and other institutional investors own 75.63% of the company’s stock.

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 marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases.

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