TechTarget (NASDAQ:TTGT) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of TechTarget (NASDAQ:TTGT - Free Report) in a report released on Sunday. The brokerage issued a hold rating on the information services provider's stock.

Other research analysts also recently issued research reports about the company. Craig Hallum reduced their target price on TechTarget from $40.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. KeyCorp dropped their price objective on shares of TechTarget from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Thursday, November 14th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 target price on shares of TechTarget in a report on Wednesday, January 15th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $18.00 price target on shares of TechTarget in a research report on Tuesday, January 21st. Finally, Lake Street Capital decreased their target price 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, TechTarget currently has an average rating of "Moderate Buy" and a consensus price target of $30.14.

TechTarget Trading Up 3.8 %

Shares of TTGT stock traded up $0.67 on Friday, hitting $18.20. 226,614 shares of the company's stock traded hands, compared to its average volume of 228,648. The company's fifty day simple moving average is $20.27 and its 200 day simple moving average is $25.09. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. TechTarget has a one year low of $16.59 and a one year high of $33.08. The stock has a market capitalization of $532.08 million, a price-to-earnings ratio of -43.33, a P/E/G ratio of 131.00 and a beta of 1.02.

TechTarget (NASDAQ:TTGT - Get Free Report) last issued its earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The company 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 business posted $0.13 EPS. TechTarget's quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that TechTarget will post -0.46 EPS for the current year.

Institutional Investors Weigh In On TechTarget

Hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in shares of TechTarget by 2.5% in the third quarter. FMR LLC now owns 2,455,705 shares of the information services provider's stock worth $60,042,000 after buying an additional 60,191 shares during the period. Geode Capital Management LLC boosted its position in shares of TechTarget by 0.3% in the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider's stock worth $14,955,000 after purchasing an additional 1,602 shares during the period. Rockefeller Capital Management L.P. increased its stake 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 worth $12,545,000 after purchasing an additional 82,626 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of TechTarget by 21.3% during the 4th quarter. Impax Asset Management Group plc now owns 426,387 shares of the information services provider's stock valued at $8,451,000 after purchasing an additional 75,000 shares during the period. Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of TechTarget by 31.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 277,282 shares of the information services provider's stock valued at $6,780,000 after buying an additional 66,766 shares in the last quarter. 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.