TechTarget (NASDAQ:TTGT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of TechTarget (NASDAQ:TTGT - Free Report) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the information services provider's stock.

Several other equities research analysts also recently weighed in on TTGT. Raymond James cut their price target on TechTarget from $39.00 to $34.00 and set an "outperform" rating on the stock in a research report on Monday, August 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of TechTarget in a research report on Wednesday, November 13th. KeyCorp cut their price target on TechTarget from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Thursday, November 14th. Finally, Craig Hallum increased their price target on TechTarget from $36.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.17.

TechTarget Stock Performance

Shares of NASDAQ TTGT traded up $2.29 during mid-day trading on Thursday, hitting $26.76. The stock had a trading volume of 373,963 shares, compared to its average volume of 292,384. 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 company has a 50 day moving average of $28.30 and a two-hundred day moving average of $28.77. TechTarget has a twelve month low of $22.01 and a twelve month high of $33.08. The firm has a market cap of $782.46 million, a PE ratio of -63.71, a PEG ratio of 14.28 and a beta of 1.04.

TechTarget (NASDAQ:TTGT - Get Free Report) last released its earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $58.47 million for the quarter, compared to the consensus estimate of $58.14 million. During the same period in the prior year, the firm earned $0.13 EPS. The firm's revenue was up 2.4% on a year-over-year basis. Research analysts predict that TechTarget will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On TechTarget

Several hedge funds have recently modified their holdings of the company. Earnest Partners LLC lifted its stake in TechTarget by 6.3% in the 2nd quarter. Earnest Partners LLC now owns 495,701 shares of the information services provider's stock valued at $15,451,000 after buying an additional 29,375 shares in the last quarter. LMR Partners LLP purchased a new position in TechTarget in the 3rd quarter valued at about $526,000. Impax Asset Management Group plc lifted its stake in TechTarget by 24.9% in the 3rd quarter. Impax Asset Management Group plc now owns 351,387 shares of the information services provider's stock valued at $8,591,000 after buying an additional 70,000 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in TechTarget by 152.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 160,370 shares of the information services provider's stock valued at $3,921,000 after buying an additional 96,896 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in 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 valued at $12,545,000 after buying an additional 82,626 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

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.