TechTarget, Inc. (NASDAQ:TTGT) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $34.00.

A number of brokerages have issued reports on TTGT. KeyCorp lowered their price objective on TechTarget from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Thursday, November 14th. Craig Hallum dropped their price target on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday. StockNews.com assumed coverage on shares of TechTarget in a research note on Friday. They set a "hold" rating for the company. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of TechTarget in a research note on Wednesday. Finally, Lake Street Capital reduced their price target on shares of TechTarget from $36.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, December 30th.

TechTarget Stock Down 2.8 %

NASDAQ:TTGT opened at $17.39 on Friday. 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 firm's 50-day moving average price is $23.80 and its 200-day moving average price is $26.44. The company has a market capitalization of $508.48 million, a PE ratio of -41.40, a P/E/G ratio of 9.11 and a beta of 1.04. TechTarget has a 1-year low of $17.18 and a 1-year high of $33.08.

TechTarget (NASDAQ:TTGT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The information services provider reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.05. TechTarget had a negative net margin of 5.34% and a positive return on equity of 5.44%. The business had revenue of $58.47 million for the quarter, compared to analysts' expectations of $58.14 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business's revenue was up 2.4% compared to the same quarter last year. On average, equities analysts predict that TechTarget will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTGT. Earnest Partners LLC grew its position in TechTarget by 6.3% in the 2nd quarter. Earnest Partners LLC now owns 495,701 shares of the information services provider's stock worth $15,451,000 after purchasing an additional 29,375 shares during the period. Barclays PLC grew its holdings in shares of 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 acquiring an additional 36,714 shares during the period. LMR Partners LLP purchased a new stake in TechTarget during the third quarter valued at $526,000. Impax Asset Management Group plc lifted its holdings in TechTarget by 24.9% in the third quarter. Impax Asset Management Group plc now owns 351,387 shares of the information services provider's stock valued at $8,591,000 after acquiring an additional 70,000 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in TechTarget by 152.7% in the third quarter. Harbor Capital Advisors Inc. now owns 160,370 shares of the information services provider's stock worth $3,921,000 after purchasing an additional 96,896 shares during the last quarter. Institutional investors own 93.52% of the company's stock.

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.