Published On: Fri, Sep 23rd, 2016

TechTarget (TTGT) – Research Analysts’ Recent Ratings Updates

TechTarget (NASDAQ: TTGT) has recently received a number of price target changes and ratings updates:

9/22/2016 – TechTarget was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TECHTARGET, a leading online Information Technology media company, provides IT companies with ROI-focused marketing programs to generate leads, shorten sales cycles, and grow revenues. The company is also a leading provider of independent, peer and vendor content, a leading distributor of white papers, and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to numerous advertisers including Cisco, Dell, EMC, HP, IBM, Intel, Microsoft, SAP and Symantec. “
9/16/2016 – TechTarget was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TECHTARGET, a leading online Information Technology media company, provides IT companies with ROI-focused marketing programs to generate leads, shorten sales cycles, and grow revenues. The company is also a leading provider of independent, peer and vendor content, a leading distributor of white papers, and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to numerous advertisers including Cisco, Dell, EMC, HP, IBM, Intel, Microsoft, SAP and Symantec. “
9/9/2016 – TechTarget was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TECHTARGET, a leading online Information Technology media company, provides IT companies with ROI-focused marketing programs to generate leads, shorten sales cycles, and grow revenues. The company is also a leading provider of independent, peer and vendor content, a leading distributor of white papers, and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to numerous advertisers including Cisco, Dell, EMC, HP, IBM, Intel, Microsoft, SAP and Symantec. “
9/6/2016 – TechTarget had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $9.00 price target on the stock.
8/24/2016 – TechTarget was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TECHTARGET, a leading online Information Technology media company, provides IT companies with ROI-focused marketing programs to generate leads, shorten sales cycles, and grow revenues. The company is also a leading provider of independent, peer and vendor content, a leading distributor of white papers, and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to numerous advertisers including Cisco, Dell, EMC, HP, IBM, Intel, Microsoft, SAP and Symantec. “
8/22/2016 – TechTarget had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $9.00 price target on the stock.
8/13/2016 – TechTarget was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “TECHTARGET, a leading online Information Technology media company, provides IT companies with ROI-focused marketing programs to generate leads, shorten sales cycles, and grow revenues. The company is also a leading provider of independent, peer and vendor content, a leading distributor of white papers, and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to numerous advertisers including Cisco, Dell, EMC, HP, IBM, Intel, Microsoft, SAP and Symantec. “
8/10/2016 – TechTarget was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $9.00 price target on the stock, down previously from $11.50.
8/10/2016 – TechTarget had its price target lowered by analysts at Needham & Company LLC from $12.00 to $10.00. They now have a “buy” rating on the stock.
8/9/2016 – TechTarget had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $10.00 price target on the stock.

Shares of TechTarget Inc. (NASDAQ:TTGT) opened at 8.20 on Friday. The stock has a market capitalization of $223.20 million, a PE ratio of 42.93 and a beta of 1.98. TechTarget Inc. has a 1-year low of $5.98 and a 1-year high of $9.60. The stock has a 50 day moving average price of $8.13 and a 200-day moving average price of $7.98.
TechTarget (NASDAQ:TTGT) last announced its earnings results on Tuesday, August 9th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. The firm earned $29.17 million during the quarter, compared to analysts’ expectations of $29.65 million. TechTarget had a return on equity of 4.59% and a net margin of 5.65%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. On average, analysts forecast that TechTarget Inc. will post $0.29 earnings per share for the current year.

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In related news, President Kevin Beam sold 7,300 shares of the business’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $8.00, for a total transaction of $58,400.00. Following the completion of the transaction, the president now owns 602,558 shares in the company, valued at approximately $4,820,464. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Cotoia sold 21,836 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $8.01, for a total value of $174,906.36. The disclosure for this sale can be found here. Corporate insiders own 48.65% of the company’s stock.
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.

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