TechTarget, Inc. (NASDAQ:TTGT – Get Free Report) CFO Daniel Noreck sold 4,889 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $3.74, for a total value of $18,284.86. Following the sale, the chief financial officer owned 96,626 shares of the company’s stock, valued at $361,381.24. The trade was a 4.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
TechTarget Trading Down 0.5%
NASDAQ TTGT traded down $0.02 during mid-day trading on Thursday, hitting $3.75. The company’s stock had a trading volume of 289,850 shares, compared to its average volume of 435,748. The firm has a market capitalization of $271.25 million, a P/E ratio of -1.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.15 and a quick ratio of 1.15. TechTarget, Inc. has a 52-week low of $3.37 and a 52-week high of $6.70. The stock’s fifty day simple moving average is $3.92 and its two-hundred day simple moving average is $4.17.
TechTarget (NASDAQ:TTGT – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The information services provider reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.09). TechTarget had a negative return on equity of 0.62% and a negative net margin of 36.85%.The business had revenue of $116.15 million during the quarter, compared to analyst estimates of $119.55 million.
Institutional Investors Weigh In On TechTarget
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of TechTarget in a research note on Friday, July 17th. Needham & Company LLC dropped their target price on TechTarget from $15.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.00.
About TechTarget
TechTarget, Inc is a business-to-business technology marketing and data company that operates the Informa TechTarget platform. The company helps technology vendors and service providers identify prospective customers, understand their research interests and purchasing activity, and engage with decision-makers throughout the buying process.
Its offerings include high-intent purchase data, account and audience intelligence, digital marketing solutions, demand-generation programs, content creation, lead generation, and research and advisory services.
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