Craig Hallum Lowers TechTarget (NASDAQ:TTGT) Price Target to $25.00

TechTarget (NASDAQ:TTGT - Get Free Report) had its price objective cut by equities research analysts at Craig Hallum from $40.00 to $25.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the information services provider's stock. Craig Hallum's price objective indicates a potential upside of 40.13% from the stock's current price.

TTGT has been the topic of several other reports. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price objective on shares of TechTarget in a research note on Wednesday, November 13th. Lake Street Capital cut their price target on shares of TechTarget from $36.00 to $24.00 and set a "buy" rating for the company in a report on Monday, December 30th. KeyCorp lowered their price objective on TechTarget from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. Finally, StockNews.com assumed coverage on shares of TechTarget in a research note on Thursday, January 9th. They set a "hold" rating on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, TechTarget has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

TechTarget Stock Performance

TTGT stock traded up $0.12 on Tuesday, hitting $17.84. The company's stock had a trading volume of 138,097 shares, compared to its average volume of 199,487. The stock has a market cap of $521.55 million, a price-to-earnings ratio of -42.48, a price-to-earnings-growth ratio of 12.04 and a beta of 1.04. The firm has a 50 day moving average of $24.74 and a two-hundred day moving average of $26.75. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. TechTarget has a 1 year low of $17.21 and a 1 year high of $33.08.

TechTarget (NASDAQ:TTGT - Get Free Report) last announced its earnings results on Tuesday, November 12th. The information services provider reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.05. TechTarget had a negative net margin of 5.34% and a positive return on equity of 5.44%. The business had revenue of $58.47 million during the quarter, compared to analysts' expectations of $58.14 million. During the same period in the prior year, the company earned $0.13 earnings per share. The business's revenue was up 2.4% compared to the same quarter last year. Equities analysts predict that TechTarget will post 0.55 EPS for the current fiscal year.

Institutional Trading of TechTarget

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its stake in shares of TechTarget by 2.5% during the third quarter. FMR LLC now owns 2,455,705 shares of the information services provider's stock valued at $60,042,000 after acquiring an additional 60,191 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of TechTarget by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 792,983 shares of the information services provider's stock worth $24,717,000 after purchasing an additional 8,681 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of TechTarget by 0.3% during the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider's stock worth $14,955,000 after buying an additional 1,602 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of TechTarget by 19.2% in the third quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider's stock valued at $12,545,000 after buying an additional 82,626 shares during the last quarter. Finally, Earnest Partners LLC lifted its stake in shares of TechTarget by 6.3% during the second quarter. Earnest Partners LLC now owns 495,701 shares of the information services provider's stock valued at $15,451,000 after buying an additional 29,375 shares during the period. Hedge funds and other institutional investors own 93.52% of the company's stock.

TechTarget Company Profile

TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.