Analysts Set TechTarget, Inc. (NASDAQ:TTGT) Price Target at $38.17

TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $38.17.

Several equities research analysts recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price target on shares of TechTarget in a research note on Wednesday, November 13th. Craig Hallum increased their price objective on TechTarget from $36.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. KeyCorp decreased their price objective on TechTarget from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Thursday, November 14th. StockNews.com initiated coverage on TechTarget in a report on Wednesday. They issued a "hold" rating for the company. Finally, Raymond James decreased their price objective on TechTarget from $39.00 to $34.00 and set an "outperform" rating for the company in a report on Monday, August 12th.

Institutional Trading of TechTarget

Hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in TechTarget by 399.1% in the third quarter. Barclays PLC now owns 45,914 shares of the information services provider's stock worth $1,123,000 after purchasing an additional 36,714 shares during the last quarter. Geode Capital Management LLC grew its holdings in 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. M&T Bank Corp lifted its stake in shares of TechTarget by 54.0% in the third quarter. M&T Bank Corp now owns 32,523 shares of the information services provider's stock worth $795,000 after buying an additional 11,398 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of TechTarget by 15.4% in the third quarter. Jane Street Group LLC now owns 37,290 shares of the information services provider's stock worth $912,000 after buying an additional 4,988 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its position in TechTarget by 31.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 277,282 shares of the information services provider's stock valued at $6,780,000 after purchasing an additional 66,766 shares during the period. 93.52% of the stock is owned by institutional investors.

TechTarget Stock Up 2.9 %

Shares of TTGT traded up $0.91 during midday trading on Friday, hitting $32.11. The stock had a trading volume of 58,567 shares, compared to its average volume of 129,672. The firm has a market cap of $938.74 million, a price-to-earnings ratio of -76.45, a price-to-earnings-growth ratio of 17.61 and a beta of 1.03. The company has a 50 day simple moving average of $27.91 and a two-hundred day simple moving average of $28.84. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. TechTarget has a twelve month low of $22.82 and a twelve month high of $41.93.

TechTarget (NASDAQ:TTGT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The information services provider reported $0.42 EPS for the quarter, topping 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 business had revenue of $58.47 million during the quarter, compared to analysts' expectations of $58.14 million. During the same quarter last year, the company posted $0.13 earnings per share. TechTarget's quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts anticipate that TechTarget will post 0.55 EPS for the current year.

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.