TechTarget Inc (NASDAQ: TTGT) has reported a loss for its first fiscal quarter (ending March 31) of $-0.35 versus $0.06 for the same period a year ago — a decline of -683%. This result fell short of the consensus estimate of $0.40 by $-0.75. For the latest four quarters through March 31, E.P.S. were $-0.25 versus $1.22 for the same period a year ago — a decline of -120%.
Recent Price Action
TechTarget Inc (NASDAQ: TTGT) stock closed at $27.85 on 5/9/24 after a modest gain of 0.5%. However, trading volume in this advance was unusually low at 66% of normal. The stock has declined -2.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TTGT is expected to continue to be a major Value Builder.
TechTarget has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. TechTarget has a poor Appreciation Score of 15 but a neutral Power Rating of 54, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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