TechTarget, Inc. (NASDAQ:TTGT) Receives Average Rating of “Moderate Buy” from Brokerages

TechTarget, Inc. (NASDAQ:TTGTGet Free Report) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.17.

Several equities analysts have recently commented on the stock. KeyCorp lowered their price objective on shares of TechTarget from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of TechTarget in a research note on Wednesday, November 13th. StockNews.com started coverage on shares of TechTarget in a research report on Thursday. They set a “hold” rating on the stock. Craig Hallum boosted their price target on shares of TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Raymond James reduced their price target on shares of TechTarget from $39.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th.

Check Out Our Latest Research Report on TTGT

TechTarget Stock Performance

Shares of NASDAQ:TTGT opened at $26.76 on Friday. The company has a market cap of $782.46 million, a price-to-earnings ratio of -63.71, a price-to-earnings-growth ratio of 14.28 and a beta of 1.04. The company has a 50-day moving average price of $28.30 and a 200-day moving average price of $28.77. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. TechTarget has a 12 month low of $22.01 and a 12 month high of $33.08.

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

Institutional Investors Weigh In On TechTarget

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in TechTarget by 399.1% in the third 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 period. Geode Capital Management LLC grew its holdings in TechTarget by 0.3% in the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock worth $14,955,000 after purchasing an additional 1,602 shares during the period. M&T Bank Corp grew its holdings in TechTarget by 54.0% in the third quarter. M&T Bank Corp now owns 32,523 shares of the information services provider’s stock worth $795,000 after purchasing an additional 11,398 shares during the period. Jane Street Group LLC grew its holdings in TechTarget by 15.4% in the third quarter. Jane Street Group LLC now owns 37,290 shares of the information services provider’s stock worth $912,000 after purchasing an additional 4,988 shares during the period. Finally, ArrowMark Colorado Holdings LLC grew its holdings in TechTarget by 31.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 277,282 shares of the information services provider’s stock worth $6,780,000 after purchasing an additional 66,766 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

TechTarget Company Profile

(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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Analyst Recommendations for TechTarget (NASDAQ:TTGT)

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