Why Today Is the Best Time to Buy TechTarget Inc. [TTGT] Stock at $50.31

TechTarget Inc. [TTGT] shares are up more than 100.36% this year and recently decreased -0.2% or -$9.86 to settle at $50.31. Analysts expect TTGT to grow earnings at a 20.00% annual rate over the next 5 years. TTGT has a short ratio of 5.70. This implies that the market is currently less bearish on the outlook for TTGT.

On 14, December 2020, TechTarget Announces Proposed Offering of Convertible Senior Notes. According to news published on Yahoo Finance, TechTarget, Inc. (“TechTarget”) (Nasdaq: TTGT) today announced that it proposes to offer, subject to market conditions and other factors, $175 million aggregate principal amount of convertible senior notes due 2025 (the “notes”). The notes are to be offered and sold to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended. In addition, TechTarget has granted the initial purchasers of the notes a 13-day option to purchase up to an additional $26.25 million aggregate principal amount of notes on the same terms and conditions.

Analyst Birdseye View:

The most recent analyst activity for TechTarget Inc. [NASDAQ:TTGT] stock was on November 07, 2019, when it was Reiterated with a Buy rating from Lake Street, which also raised its 12-month price target on the stock from $24 to $29. Before that, on April 13, 2020, National Securities Recapitulated a Buy rating and elevated its amount target to $25. On May 09, 2019, Craig Hallum Upgrade a Buy rating and boosted its price target on this stock to $26. On November 08, 2018, Lake Street Reiterated a Buy rating and decreased its price target from $32 to $26. On September 28, 2018, Raymond James Initiated an Outperform rating and increased its price target to $26. On May 10, 2018, Needham Reiterated a Buy rating and boosted its amount target on this stock to $25. On April 11, 2018, Needham Reiterated a Buy rating and boosted its target amount on this stock from $17 to $24. On February 08, 2018 Lake Street Reiterated a Buy rating and elevated its amount target to $18.

In the past 52 weeks of trading, this stock has oscillated between a low of $16.82 and a peak of $63.11. Right now, the middling Wall Street analyst 12-month amount mark is $63.50. At the most recent market close, shares of TechTarget Inc. [NASDAQ:TTGT] were valued at $50.31. According to the average price forecast, investors can expect a potential return of 6.3%.

FUNDAMENTAL ANALYSIS

TechTarget Inc. [NASDAQ:TTGT] most recently reported quarterly sales of 36.24 billion, which represented growth of 7.10%. This publicly-traded organization’s revenue is $206,405 per employee, while its income is $26,002 per employee. This company’s Gross Margin is currently 74.70%, its Operating Margin is 16.10%, its Pretax Margin is +16.46, and its Net Margin is +12.60. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 8.48, 11.82, 12.46 and 9.38 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 26.26 and the whole liability to whole assets at 24.57. It shows enduring liability to the whole principal at 24.42 and enduring liability to assets at 0.23 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 48.59 points at 1st support level, the second support level is making up to 46.87. But as of 1st resistance point, this stock is sitting at 53.38 and at 56.45 for 2nd resistance point.

TechTarget Inc. [TTGT] reported its earnings at $0.3 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.26/share signifying the difference of 0.04 and 15.40% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.28 calling estimates for $0.24/share with the difference of 0.04 depicting the surprise of 16.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for TechTarget Inc. [NASDAQ:TTGT] is 5.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 3.51. Now if looking for a valuation of this stock’s amount to sales ratio it’s 5.52, it’s amount to book ratio is 4.80 and showing 79.98 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Strakosch Greg, Executive Chairman, and it was the sale of 60000.0 shares on Nov 16. Strakosch Greg, the Executive Chairman, completed a sale of 60000.0 shares on Oct 15. On Oct 05, Noreck Daniel T, Chief Financial Officer, completed a sale of 10000.0 shares.