TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) was down 5.1% during trading on Friday . The company traded as low as $20.77 and last traded at $20.84. Approximately 78,307 shares traded hands during trading, a decline of 69% from the average daily volume of 254,563 shares. The stock had previously closed at $21.96.
Analyst Ratings Changes
TTGT has been the subject of several recent research reports. StockNews.com started coverage on shares of TechTarget in a report on Thursday, December 5th. They issued a "hold" rating for the company. Craig Hallum boosted their price objective on shares of TechTarget from $36.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 target price on shares of TechTarget in a research report on Wednesday, November 13th. Finally, KeyCorp cut their price target on TechTarget from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.17.
Check Out Our Latest Analysis on TTGT
TechTarget Stock Performance
The business has a 50-day moving average price of $28.17 and a 200-day moving average price of $28.45. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $623.69 million, a price-to-earnings ratio of -50.79, a P/E/G ratio of 12.58 and a beta of 1.04.
TechTarget (NASDAQ:TTGT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The information services provider reported $0.42 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $58.47 million during the quarter, compared to analysts' expectations of $58.14 million. During the same period last year, the business posted $0.13 earnings per share. The firm's revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that TechTarget, Inc. will post 0.55 earnings per share for the current year.
Institutional Trading of TechTarget
A number of institutional investors have recently bought and sold shares of TTGT. Riverwater Partners LLC purchased a new stake in TechTarget during the 2nd quarter valued at about $350,000. Texas Permanent School Fund Corp boosted its position in TechTarget by 10.0% in the second quarter. Texas Permanent School Fund Corp now owns 24,884 shares of the information services provider's stock valued at $776,000 after buying an additional 2,254 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in TechTarget by 21.2% in the 2nd quarter. Rice Hall James & Associates LLC now owns 242,545 shares of the information services provider's stock worth $7,560,000 after buying an additional 42,374 shares during the period. American Century Companies Inc. raised its position in TechTarget by 14.4% during the 2nd quarter. American Century Companies Inc. now owns 34,576 shares of the information services provider's stock worth $1,078,000 after buying an additional 4,352 shares during the last quarter. Finally, BOKF NA acquired a new stake in TechTarget during the 2nd quarter valued at approximately $239,000. 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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