TechTarget Inc (TTGT) is Initiated by Sidoti to Buy, Price Target at $12

TechTarget Inc (TTGT) was Initiated by Sidoti to “Buy” and the brokerage firm has set the Price Target at $12. Sidoti advised their investors in a research report released on Jul 20, 2016.

On the company’s financial health, TechTarget Inc reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $0.11. The company had revenue of $29.40 million for the quarter, compared to analysts expectations of $30.33 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.

TechTarget Inc opened for trading at $8.65 and hit $8.83 on the upside on Monday, eventually ending the session at $8.75, with a gain of 0.81% or 0.07 points. The heightened volatility saw the trading volume jump to 23,508 shares. Company has a market cap of $282 M.

In a different news, on Jul 18, 2016, Roger M Marino (director) sold 308,713 shares at $7.75 per share price. According to the SEC, on Jul 8, 2016, Kevin Beam (President) sold 1,917 shares at $8.00 per share price. On Jun 15, 2016, Janice Kelliher (Chief Financial Officer) sold 36,000 shares at $8.19 per share price, according to the Form-4 filing with the securities and exchange commission.

TechTarget Inc. is a provider of online content and brand advertising that brings together buyers and sellers of corporate information technology (IT) products and services. The Company offers a number of data analytics solutions. The Company operates a network of over 150 Websites each of which focuses on a specific IT sector such as storage security or networking and for decision support information. The Company’s integrated content platform consists of a network of Websites. Based upon the logical clustering of users’ respective job responsibilities and the marketing focus of the products that the Company’s customers are advertising the Company’s marketing opportunities and audience extensions are addressed using nine distinct media groups such as Application Architecture and Development; Channel; CIO/IT Strategy; Data Center and Virtualization Technologies; Business Applications and Analytics; Networking; Security; Storage and TechnologyGuide.

TechTarget Inc

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