Somewhat Positive News Coverage Somewhat Unlikely to Affect TechTarget (TTGT) Share Price
News stories about TechTarget (NASDAQ:TTGT) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TechTarget earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned headlines about the information services provider an impact score of 45.7642031312343 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- TechTarget launches SearchERP.com (digitalcommerce360.com)
- TechTarget, Inc. (TTGT) Expected to Announce Earnings of $0.11 Per Share (americanbankingnews.com)
- TechTarget : SearchServerVirtualization.com Announces “Best of VMworld” 2017 Award Winners (4-traders.com)
- TechTarget’s SearchServerVirtualization.com Announces “Best of VMworld” 2017 Award Winners (finance.yahoo.com)
TTGT has been the topic of several research reports. ValuEngine raised shares of TechTarget from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. BidaskClub lowered shares of TechTarget from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of TechTarget from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Saturday, August 19th. Jefferies Group LLC reissued a “buy” rating and set a $11.00 price objective (up previously from $10.00) on shares of TechTarget in a research note on Sunday, May 14th. Finally, Craig Hallum raised shares of TechTarget from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.75.
Shares of TechTarget (NASDAQ:TTGT) traded down 2.32% on Wednesday, reaching $10.10. 85,978 shares of the company’s stock traded hands. The company has a market cap of $276.75 million, a PE ratio of 198.04 and a beta of 1.44. TechTarget has a 12-month low of $7.80 and a 12-month high of $10.60. The stock has a 50-day moving average price of $9.78 and a 200-day moving average price of $9.45.
TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.03. TechTarget had a net margin of 1.36% and a return on equity of 1.38%. The firm had revenue of $26.70 million during the quarter, compared to the consensus estimate of $26.26 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. Equities research analysts anticipate that TechTarget will post $0.38 EPS for the current fiscal year.
In other news, President Kevin Beam sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $10.21, for a total value of $102,100.00. Following the sale, the president now directly owns 498,033 shares in the company, valued at approximately $5,084,916.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 30.19% of the stock is currently owned by company insiders.
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TechTarget Company Profile
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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