TechTarget (TTGT) in Focus: Stock Tumbles 7.2%


TechTarget, Inc. (TTGT) saw a big move last session, as the company’s shares fell over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for TTGT, as the stock is down nearly 11% since Jun 10.
This Internet company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
TTGT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Internet Services industry include Brightcove, Inc. (BCOV), Move, Inc. (MOVE) and WebMD Health Corp. (WBMD).  All these stocks carry a Zacks rank #2 (Buy).
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TECHTARGET INC (TTGT): Free Stock Analysis Report

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