TechTarget (NASDAQ:TTGT) Now Covered by StockNews.com

StockNews.com started coverage on shares of TechTarget (NASDAQ:TTGT) in a research report report published on Saturday morning. The firm issued a hold rating on the information services provider’s stock.

TTGT has been the topic of a number of other reports. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of TechTarget in a research note on Wednesday, January 15th. Lake Street Capital lowered 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. Craig Hallum reduced their price objective on TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.00 target price on shares of TechTarget in a research report on Tuesday, January 21st. Finally, KeyCorp decreased their price target on shares of TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

TechTarget Stock Up 0.4 %

NASDAQ:TTGT opened at $18.08 on Friday. The firm has a market capitalization 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 has a 1-year low of $17.18 and a 1-year 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 business’s fifty day moving average price is $22.50 and its 200 day moving average price is $25.94.

TechTarget (NASDAQ:TTGT) last announced its quarterly earnings data on Tuesday, November 12th. The information services provider reported $0.42 earnings per share (EPS) 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 analyst estimates of $58.14 million. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. TechTarget’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. On average, sell-side analysts forecast that TechTarget will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of TechTarget by 399.1% in the 3rd quarter. Barclays PLC now owns 45,914 shares of the information services provider’s stock valued at $1,123,000 after purchasing an additional 36,714 shares during the period. LMR Partners LLP acquired a new position in TechTarget during the third quarter worth $526,000. Impax Asset Management Group plc lifted its holdings in shares of TechTarget by 24.9% during the third quarter. Impax Asset Management Group plc now owns 351,387 shares of the information services provider’s stock valued at $8,591,000 after acquiring an additional 70,000 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of 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 purchasing an additional 96,896 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of TechTarget by 0.3% in the 3rd 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 last quarter. 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.