Techtarget Inc (NASDAQ: TTGT) Is Either An Instant Disaster Or A Huge Opportunity.

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In the last trading session, 0.17 million Techtarget Inc (NASDAQ:TTGT) shares changed hands as the company’s beta touched 1.10. With the company’s per share price at $18.46 changed hands at -$0.8 or -4.15% during last session, the market valuation stood at $547.86M. TTGT’s last price was a discount, traded about -127.14% off its 52-week high of $41.93. The share price had its 52-week low at $19.08, which suggests the last value was -3.36% down since then. When we look at Techtarget Inc’s average trading volume, we note the 10-day average is 0.4 million shares, with the 3-month average coming to 200.82K.

Analysts gave the Techtarget Inc (TTGT) stock a consensus recommendation rating of Buy. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended TTGT as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Techtarget Inc’s EPS for the current quarter is expected to be 0.

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Techtarget Inc (NASDAQ:TTGT) trade information

Instantly TTGT was in red as seen at the end of in last trading. With action -7.37%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -46.24%, with the 5-day performance at -7.37% in the red. However, in the 30-day time frame, Techtarget Inc (NASDAQ:TTGT) is -42.23% down. Looking at the short shares, we see there were 0.79 million shares sold at short interest cover period of 4.95 days.

The consensus price target for the stock as assigned by Wall Street analysts is 38, meaning bulls need an upside of 51.42% from its current market value. According to analyst projections, TTGT’s forecast low is 36 with 40 as the target high. To hit the forecast high, the stock’s price needs a -116.68% plunge from its current level, while the stock would need to soar -95.02% for it to hit the projected low.

Techtarget Inc (TTGT) estimates and forecasts

Data shows that the Techtarget Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -38.21% over the past 6 months, a -7.56% in annual growth rate that is considerably lower than the industry average of 19.80%.

TTGT Dividends

Techtarget Inc is expected to release its next quarterly earnings report in January.

Techtarget Inc (NASDAQ:TTGT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 10.81% of Techtarget Inc shares while 91.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 102.34%. There are 91.28% institutions holding the Techtarget Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 13.7768% of the shares, roughly 3.93 million TTGT shares worth $122.43 million.

TRIGRAN INVESTMENTS, INC. holds the second largest percentage of outstanding shares, with 10.6398% or 3.03 million shares worth $94.55 million as of 2024-06-30.