TechTarget Inc (TTGT) is Reiterated by Needham to Buy, Lowers Price Target to $ 10

TechTarget Inc (TTGT) was Reiterated by Needham to “Buy” while Lowering the Price Target of the company shares to $ 10 from a previous price target of $12 . Needham advised their investors in a research report released on Aug 10, 2016.

Many Wall Street Analysts have commented on TechTarget Inc. TechTarget Inc was Downgraded by Craig Hallum to ” Hold” on Aug 10, 2016. Sidoti Initiated TechTarget Inc on Jul 20, 2016 to “Buy”, Price Target of the shares are set at $12.

On the company’s financial health, TechTarget Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.10. The company had revenue of $29.17 million for the quarter, compared to analysts expectations of $29.56 million. The company’s revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.

TechTarget Inc closed down -0.18 points or -1.97% at $8.96 with 98,009 shares getting traded on Monday. Post opening the session at $9.1, the shares hit an intraday low of $8.9499 and an intraday high of $9.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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