TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $17.15 and last traded at $17.30, with a volume of 128457 shares trading hands. The stock had previously closed at $17.77.
Wall Street Analyst Weigh In
A number of research analysts recently commented on TTGT shares. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of TechTarget in a report on Wednesday, January 15th. StockNews.com started coverage on TechTarget in a report on Saturday, January 25th. They issued a "hold" rating for the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $18.00 price target on shares of TechTarget in a report on Tuesday, January 21st. Lake Street Capital reduced their target price on TechTarget from $36.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, December 30th. Finally, KeyCorp reduced their target price on TechTarget from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.14.
Read Our Latest Report on TTGT
TechTarget Price Performance
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 business has a 50-day moving average price of $21.16 and a two-hundred day moving average price of $25.41. The firm has a market capitalization of $497.87 million, a price-to-earnings ratio of -40.55, a PEG ratio of 131.62 and a beta of 1.04.
TechTarget (NASDAQ:TTGT - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $58.47 million for 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 business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. As a group, research analysts forecast that TechTarget, Inc. will post -0.46 EPS for the current year.
Institutional Trading of TechTarget
Several large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in TechTarget by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider's stock valued at $311,000 after acquiring an additional 430 shares during the period. KBC Group NV increased its position in TechTarget by 79.1% in the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider's stock valued at $43,000 after acquiring an additional 962 shares during the period. Geode Capital Management LLC increased its position in TechTarget by 0.3% in 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 acquiring an additional 1,602 shares during the period. Sei Investments Co. increased its position in TechTarget by 5.1% in the 2nd quarter. Sei Investments Co. now owns 34,543 shares of the information services provider's stock valued at $1,077,000 after acquiring an additional 1,690 shares during the period. Finally, MeadowBrook Investment Advisors LLC increased its position in TechTarget by 26.4% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider's stock valued at $169,000 after acquiring an additional 1,780 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.
About TechTarget
(
Get Free Report)
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.
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