TechTarget Rating Lowered to Neutral at B. Riley (TTGT)

By admin | 6 years ago

TechTarget (NASDAQ: TTGT) was downgraded by B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Wednesday.

A number of other analysts have also recently weighed in on TTGT. Analysts at Zacks upgraded shares of TechTarget from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, February 22nd. Analysts at Benchmark Co. raised their price target on shares of TechTarget from $8.00 to $10.00 in a research note to investors on Monday, February 13rd. They now have a “buy” rating on the stock.

Shares of TechTarget traded up 0.16% during mid-day trading on Wednesday, hitting $6.26. TechTarget has a 52 week low of $4.85 and a 52 week high of $8.58. The company has a market cap of $243.0 million and a P/E ratio of 48.08.

TechTarget last announced its earnings results on Tuesday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts predict that TechTarget will post $0.09 earnings per share next quarter.

TechTarget Inc. (TechTarget) is a provider of specialized online content that brings together buyers and sellers of corporate information technology (IT) products.

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