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

TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

TTGT has been the subject of a number of research analyst reports. Needham & Company LLC decreased their price objective on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 31st. StockNews.com started coverage on TechTarget in a research note on Monday, February 10th. They issued a "hold" rating for the company. Lake Street Capital lowered their price objective on shares of TechTarget from $36.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, December 30th. Raymond James lowered TechTarget from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $18.00 price target on shares of TechTarget in a report on Tuesday, January 21st.

Hedge Funds Weigh In On TechTarget

A number of institutional investors have recently added to or reduced their stakes in TTGT. KBC Group NV grew its stake in shares of TechTarget by 79.1% in the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider's stock valued at $43,000 after buying an additional 962 shares during the period. KLP Kapitalforvaltning AS acquired a new position in TechTarget during the 4th quarter worth approximately $103,000. MeadowBrook Investment Advisors LLC increased its holdings in TechTarget by 26.4% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider's stock valued at $169,000 after buying an additional 1,780 shares during the last quarter. Quantbot Technologies LP purchased a new stake in TechTarget during the fourth quarter worth approximately $173,000. Finally, State of Tennessee Department of Treasury lifted its position in shares of TechTarget by 8.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider's stock worth $239,000 after buying an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.

TechTarget Trading Down 2.1 %

TechTarget stock traded down $0.19 during midday trading on Thursday, reaching $9.04. The stock had a trading volume of 544,316 shares, compared to its average volume of 168,137. TechTarget has a 52-week low of $8.34 and a 52-week high of $35.11. 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 firm has a market cap of $264.28 million, a price-to-earnings ratio of -21.52, a price-to-earnings-growth ratio of 113.92 and a beta of 1.03. The company has a fifty day moving average of $14.85 and a 200 day moving average of $21.12.

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.