TechTarget, Inc. (NASDAQ:TTGT) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) have received an average recommendation of "Moderate Buy" from the six analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $38.17.

A number of research firms have recently weighed in on TTGT. Craig Hallum increased their price objective on shares of TechTarget from $36.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. StockNews.com started coverage on TechTarget in a research note on Tuesday. They set a "hold" rating for the company. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price objective on shares of TechTarget in a report on Wednesday, November 13th. Finally, KeyCorp dropped their target price on TechTarget from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th.

TechTarget Stock Performance

TechTarget stock traded down $0.80 during trading hours on Tuesday, hitting $18.46. 167,013 shares of the stock traded hands, compared to its average volume of 353,308. The firm's 50 day moving average price is $27.71 and its 200-day moving average price is $28.00. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. The stock has a market capitalization of $539.68 million, a price-to-earnings ratio of -43.95, a P/E/G ratio of 12.04 and a beta of 1.04. TechTarget has a 1 year low of $18.30 and a 1 year high of $33.08.

TechTarget (NASDAQ:TTGT - Get Free Report) last issued 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 positive return on equity of 5.44% and a negative net margin of 5.34%. The firm had revenue of $58.47 million for the quarter, compared to analyst estimates of $58.14 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. TechTarget's revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts expect that TechTarget will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BOKF NA acquired a new stake in TechTarget during the second quarter worth about $239,000. Cornercap Investment Counsel Inc. acquired a new stake in TechTarget during the third quarter worth $245,000. Intech Investment Management LLC acquired a new position in shares of TechTarget in the 3rd quarter valued at $257,000. Quest Partners LLC purchased a new position in shares of TechTarget during the 3rd quarter worth $272,000. Finally, SG Americas Securities LLC acquired a new stake in shares of TechTarget during the 3rd quarter worth about $307,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

About TechTarget

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.