Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

TechTarget, Inc. (NASDAQ:TTGT) To Report Earnings

Analysts await TechTarget, Inc. (NASDAQ:TTGT) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $-0.02 EPS, down 150% or $0.03 from last year’s $0.01 per share.

At the moment 5 analysts are watching TechTarget, Inc. (NASDAQ:TTGT), 2 rate it “Buy”, 3 “Outperform”, 0 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 4 analysts have a mean sales target of 32.38 million. For the quarter ending Sep-16, 4 analysts have a mean sales target of 32.16 million whilst for the year ending Dec-16, 5 analysts have a mean target of 122.00 million.

In terms of earnings per share, 4 analysts have a 0.12 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 4 analysts have a 0.12 EPS mean target and for the quarter ending Sep-16 there are 4 estimates of 0.42 EPS.

The biggest institutional shareholders in TechTarget, Inc. include Technology Crossover Management V LLC which owns 6 million shares in the company valued at $44.66 million. Trigran Investments Inc is the second biggest holder with 2 million shares currently valued at 13.34 million whilst Cardinal Capital Management Llc has 1 million shares valued at 11.64 million.

Total shares held by institutions as of the most recent company filings are 19,223,224 with a reported 1,708,014 bought and 1,594,957 sold. These holdings make up 59.67% of the company’s outstanding shares.

Currently insiders hold 7,129,611 shares in the business which makes up 22.13% of shares. The biggest holder currently is Roger M. Marino who owns 3,194,435 shares (9.91% of those outstanding), whilst Greg Strakosch holds 1,844,126 (5.72% of shares outstanding) and Kevin Beam holds 589,870 (1.83% of shares outstanding).

The stock increased 1.91% or $0.15 during the last trading session, hitting $7.99. TechTarget, Inc. (NASDAQ:TTGT) has fallen 16.27% over the past 6 months and is downtrending.

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