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

Shares of TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $30.14.

A number of research analysts recently weighed in on TTGT shares. StockNews.com assumed coverage on shares of TechTarget in a report on Monday, February 10th. They issued a "hold" rating for the company. Lake Street Capital cut their price objective on TechTarget from $36.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, December 30th. KeyCorp reduced their price objective on 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 reissued a "buy" rating and set a $40.00 target price on shares of TechTarget in a research note on Wednesday, January 15th. Finally, 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.

TechTarget Trading Down 5.2 %

NASDAQ:TTGT traded down $0.87 during trading hours on Wednesday, reaching $15.81. 183,726 shares of the stock were exchanged, compared to its average volume of 243,470. TechTarget has a twelve month low of $15.69 and a twelve month high of $33.08. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. The business has a 50-day moving average of $18.72 and a two-hundred day moving average of $24.36. The company has a market capitalization of $462.28 million, a price-to-earnings ratio of -37.64, a PEG ratio of 139.38 and a beta of 1.02.

TechTarget (NASDAQ:TTGT - Get Free Report) last released 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. The company had revenue of $58.47 million during the quarter, compared to the consensus estimate of $58.14 million. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. TechTarget's revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. On average, equities analysts predict that TechTarget will post -0.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. KBC Group NV grew its holdings in shares of TechTarget by 79.1% during the fourth quarter. KBC Group NV now owns 2,178 shares of the information services provider's stock worth $43,000 after purchasing an additional 962 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of TechTarget in the 4th quarter valued at about $103,000. MeadowBrook Investment Advisors LLC grew its stake in TechTarget by 26.4% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider's stock worth $169,000 after buying an additional 1,780 shares during the last quarter. Quantbot Technologies LP acquired a new position in TechTarget during the fourth quarter worth approximately $173,000. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of TechTarget by 8.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider's stock valued at $239,000 after acquiring an additional 910 shares during the period. 93.52% of the stock is owned by hedge funds and other 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.