TechTarget, Inc. (NASDAQ:TTGT) Given Average Recommendation 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 stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $30.14.

Several research firms recently commented on TTGT. Lake Street Capital lowered their target price on TechTarget from $36.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, December 30th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $18.00 price target on shares of TechTarget in a report on Tuesday, January 21st. KeyCorp reduced their price objective on shares of TechTarget from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Thursday, November 14th. StockNews.com started coverage on shares of TechTarget in a research note on Monday, February 10th. They set a "hold" rating on the stock. Finally, Craig Hallum reduced their price target on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th.

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Institutional Trading of TechTarget

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in TechTarget by 30.3% in the fourth quarter. Royal Bank of Canada now owns 977,777 shares of the information services provider's stock worth $19,380,000 after buying an additional 227,459 shares during the last quarter. Advisory Research Inc. bought a new stake in shares of TechTarget during the 4th quarter worth $2,364,000. Rockefeller Capital Management L.P. grew its holdings in shares of TechTarget by 19.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider's stock worth $12,545,000 after acquiring an additional 82,626 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of TechTarget by 21.3% during the fourth quarter. Impax Asset Management Group plc now owns 426,387 shares of the information services provider's stock worth $8,451,000 after purchasing an additional 75,000 shares during the period. Finally, Norges Bank acquired a new stake in shares of TechTarget during the fourth quarter worth $1,364,000. 93.52% of the stock is currently owned by institutional investors.

TechTarget Stock Performance

Shares of TTGT traded down $0.01 during mid-day trading on Friday, reaching $13.62. 141,288 shares of the company's stock traded hands, compared to its average volume of 151,869. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. The business's 50-day moving average price is $16.75 and its 200-day moving average price is $22.74. The stock has a market capitalization of $398.18 million, a P/E ratio of -32.43, a price-to-earnings-growth ratio of 113.92 and a beta of 1.05. TechTarget has a 12 month low of $13.14 and a 12 month high of $35.11.

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.