TechTarget (TTGT) Scheduled to Post Earnings on Tuesday

TechTarget (NASDAQ:TTGT) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect TechTarget to post earnings of $0.33 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

TechTarget (NASDAQ:TTGT) last announced its quarterly earnings data on Thursday, August 8th. The information services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. TechTarget had a positive return on equity of 5.92% and a negative net margin of 3.84%. The company had revenue of $58.91 million during the quarter, compared to the consensus estimate of $58.08 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The company’s quarterly revenue was up .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.

TechTarget Trading Up 1.0 %

Shares of NASDAQ:TTGT traded up $0.27 on Tuesday, reaching $28.58. 11,043 shares of the company traded hands, compared to its average volume of 127,794. TechTarget has a fifty-two week low of $22.82 and a fifty-two week high of $41.93. The company’s 50 day moving average is $25.95 and its 200-day moving average is $28.48. The company has a debt-to-equity ratio of 1.74, a current ratio of 9.35 and a quick ratio of 9.35.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Raymond James cut their price objective on TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. KeyCorp decreased their target price on TechTarget from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Craig Hallum raised TechTarget from a “hold” rating to a “buy” rating and raised their target price for the stock from $34.00 to $36.00 in a research report on Tuesday, October 15th. Finally, Needham & Company LLC decreased their target price on TechTarget from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, September 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.67.

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.