Financial Tides reviews TECHTARGET ( TTGT ) a leading online Information Technology media company, provides IT companies with ROI-focused marketing programs to generate leads, shorten sales cycles, and grow revenues. The company is also a leading provider of independent, peer and vendor content, a leading distributor of white papers, and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to numerous advertisers including Cisco, Dell, EMC, HP, IBM, Intel, Microsoft, SAP and Symantec. Their client list for other services also includes Google and SunMicrosystems. The company distributes most of its products through over 50 on-line websites.

This momentum play has risen 20.74% in the last 30 days hitting 11 new highs in the last 20 trading sessions. This consistent momentum has triggered 10 of 13 technical buy signals on Barchart. The stock trades at 5.88 with a 50 day moving average of 5.11.

Wall Street has noticed with 3 buy and 4 hold reports published. Double digit increases in sales and earnings are expected. Sales are estimated to increase 10.00% this year and 11.60% next year. Earnings are predicted to increase 52.90% this year 23.10% next year and continue for 5 years at an annual rate of 22.00%

Investor sentiment is high on Motley Fool with the All Stars voting 15 to 5 that the stock will beat the market. Fool reports that columnists have been positive 5 to 0.

This momentum play has:

• Positive investor sentiment with experienced investors
• Wall Street writing positive articles and recommendations with projections of double digit increases in sales and earnings
• Recent and consistent price appreciation with a 64% overall Barchart technical buy signal

Jim Van Meerten is an investor who writes on financial matters on Financial Tides and Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com

Disclosure: No positions in TTGT at the time of publication