Revenue Update on TechTarget Inc(NASDAQ:TTGT)

TechTarget Inc(NASDAQ:TTGT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $29.17M. Analysts estimated a revenue of $29.57M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.09.

In a different note, Sidoti & Co. said it Initiates Coverage on TechTarget Inc, according to a research note issued on Jul 20, 2016. The shares have been rated ‘Buy’ by the firm.

TechTarget Inc (TTGT) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.26% at a volume of 3,70,069. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.85. The peak price level was also seen at $7.85 while the days lowest was $7.685. Finally the shares closed at $7.81. The 52-week high of the shares is $10 while the 52-week low is $5.98. According to the latest information available, the market cap of the company is $213 M.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, Roger M Marino (director) sold 308,713 shares at $7.75 per share price.Also, 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.

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