In a report released today, Jason Kreyer from Craig-Hallum assigned a Hold rating to TechTarget (TTGT – Research Report). The company’s shares closed yesterday at $35.27.
Kreyer covers the Communication Services sector, focusing on stocks such as Stagwell, Integral Ad Science, and comScore. According to TipRanks, Kreyer has an average return of 8.5% and a 52.05% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for TechTarget with a $33.50 average price target.
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Based on TechTarget’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $58.43 million and a net profit of $2.68 million. In comparison, last year the company earned a revenue of $78.88 million and had a net profit of $12.42 million
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TechTarget (TTGT) Company Description:
TechTarget, Inc. engages in the provision of online content for buyers of enterprise information technology products and services. It also offers purchase-intent marketing and sales services for enterprise technology vendors. Its products portfolio includes demand generation, brand consideration, sales enablement, and marketing intelligence. The company was founded by Don Hawk and Greg Strakosch on September 14, 1999 and is headquartered in Newton, MA.
