TechTarget (NASDAQ:TTGT) Given New $37.00 Price Target at KeyCorp

TechTarget (NASDAQ:TTGT - Free Report) had its price objective lowered by KeyCorp from $38.00 to $37.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the information services provider's stock.

Several other equities analysts have also weighed in on the stock. Needham & Company LLC restated a "buy" rating and issued a $40.00 price objective on shares of TechTarget in a report on Wednesday. Craig Hallum increased their price objective on shares of TechTarget from $36.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Raymond James cut their target price on shares of TechTarget from $39.00 to $34.00 and set an "outperform" rating on the stock in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.17.

TechTarget Trading Down 7.1 %

NASDAQ TTGT traded down $2.30 during trading hours on Thursday, hitting $30.01. The company's stock had a trading volume of 46,965 shares, compared to its average volume of 128,663. The stock has a fifty day moving average of $26.48 and a 200 day moving average of $28.63. TechTarget has a twelve month low of $22.82 and a twelve month high of $41.93. The firm has a market capitalization of $877.49 million, a P/E ratio of -76.93, a PEG ratio of 31.15 and a beta of 1.03. The company has a quick ratio of 9.35, a current ratio of 9.35 and a debt-to-equity ratio of 1.74.

Institutional Investors Weigh In On TechTarget

Institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its stake in TechTarget by 19.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider's stock worth $12,545,000 after purchasing an additional 82,626 shares during the period. BNP Paribas Financial Markets boosted its stake in TechTarget by 31.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider's stock worth $331,000 after purchasing an additional 3,260 shares during the period. FMR LLC boosted its stake in TechTarget by 2.5% in the 3rd quarter. FMR LLC now owns 2,455,705 shares of the information services provider's stock worth $60,042,000 after purchasing an additional 60,191 shares during the period. Intech Investment Management LLC acquired a new position in TechTarget in the 3rd quarter worth $257,000. Finally, LMR Partners LLP acquired a new position in TechTarget in the 3rd quarter worth $526,000. 93.52% of the stock is owned by institutional investors.

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.