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

Stock analysts at StockNews.com assumed coverage on shares of TechTarget (NASDAQ:TTGT - Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a "hold" rating on the information services provider's stock.

A number of other research firms also recently weighed in on TTGT. KeyCorp decreased their target price on TechTarget from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Thursday, November 14th. Craig Hallum decreased their price objective on TechTarget from $40.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. restated a "neutral" rating and set a $18.00 price objective on shares of TechTarget in a research report on Tuesday. Lake Street Capital reduced their target price on TechTarget from $36.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, December 30th. Finally, Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of TechTarget in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

TechTarget Stock Performance

TechTarget stock traded up $0.07 during trading hours on Friday, reaching $18.08. 311,587 shares of the company were exchanged, compared to its average volume of 198,685. TechTarget has a 12 month low of $17.18 and a 12 month high of $33.08. 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 stock has a 50-day moving average of $22.50 and a 200 day moving average of $25.94. The firm has a market cap of $528.66 million, a price-to-earnings ratio of -43.05, a PEG ratio of 9.95 and a beta of 1.04.

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

Hedge Funds Weigh In On TechTarget

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC raised its position in TechTarget by 399.1% in the 3rd quarter. Barclays PLC now owns 45,914 shares of the information services provider's stock worth $1,123,000 after purchasing an additional 36,714 shares during the last quarter. LMR Partners LLP acquired a new position in shares of TechTarget during the third quarter valued at $526,000. Impax Asset Management Group plc increased its position 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 worth $8,591,000 after purchasing an additional 70,000 shares during the period. Harbor Capital Advisors Inc. raised its holdings in TechTarget by 152.7% during the 3rd 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. Finally, Geode Capital Management LLC lifted its position in TechTarget by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider's stock valued at $14,955,000 after purchasing an additional 1,602 shares during the period. Institutional investors and hedge funds 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.