TechTarget (NASDAQ:TTGT) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of TechTarget (NASDAQ:TTGT - Get Free Report) in a note issued to investors on Monday. The brokerage set a "hold" rating on the information services provider's stock.

A number of other research analysts also recently commented on TTGT. KeyCorp lowered their price objective on shares of TechTarget from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Thursday, November 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price objective on shares of TechTarget in a report on Wednesday, January 15th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $18.00 target price on shares of TechTarget in a research note on Tuesday, January 21st. Lake Street Capital cut their target price 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. Finally, Craig Hallum dropped their price objective 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.14.

TechTarget Price Performance

Shares of NASDAQ TTGT traded down $0.50 during midday trading on Monday, reaching $16.68. The company's stock had a trading volume of 155,563 shares, compared to its average volume of 227,240. TechTarget has a one year low of $16.34 and a one year high of $33.08. The company has a 50 day moving average price of $19.12 and a 200 day moving average price of $24.58. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. The company has a market cap of $487.72 million, a price-to-earnings ratio of -39.71, a price-to-earnings-growth ratio of 139.38 and a beta of 1.02.

TechTarget (NASDAQ:TTGT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $58.14 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm's revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that TechTarget will post -0.46 EPS for the current year.

Institutional Investors Weigh In On TechTarget

A number of hedge funds have recently added to or reduced their stakes in TTGT. Advisory Research Inc. bought a new position in shares of TechTarget in the 4th quarter valued at about $2,364,000. Barclays PLC raised its holdings in TechTarget by 5.6% during the 4th quarter. Barclays PLC now owns 48,477 shares of the information services provider's stock worth $961,000 after buying an additional 2,563 shares during the period. Rockefeller Capital Management L.P. raised its holdings in TechTarget by 13.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 581,430 shares of the information services provider's stock worth $11,524,000 after buying an additional 68,364 shares during the period. Renaissance Technologies LLC raised its holdings in TechTarget by 0.7% during the 4th quarter. Renaissance Technologies LLC now owns 542,877 shares of the information services provider's stock worth $10,760,000 after buying an additional 3,710 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of TechTarget by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 632,704 shares of the information services provider's stock valued at $12,543,000 after buying an additional 21,191 shares in 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.