TechTarget Inc (TTGT) Releases Earnings Results, Beats Expectations By $0.01 EPS

TechTarget Inc (TTGT) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.10. The company posted revenue of $29.17 million in the period, 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.

Many Wall Street Analysts have commented on TechTarget Inc. Sidoti Initiated TechTarget Inc on Jul 20, 2016 to “Buy”, Price Target of the shares are set at $12.

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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