TechTarget, Inc. (NASDAQ:TTGT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of TechTarget, Inc. (NASDAQ:TTGT) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $37.33.

Several research analysts have recently issued reports on TTGT shares. Raymond James reduced their price target on TechTarget from $39.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Needham & Company LLC reduced their target price on TechTarget from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Finally, KeyCorp reduced their target price on TechTarget from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, August 12th.

TechTarget Stock Up 4.8 %

NASDAQ TTGT opened at $25.16 on Thursday. The stock has a fifty day moving average of $25.38 and a 200-day moving average of $28.60. The stock has a market capitalization of $735.68 million, a P/E ratio of -83.87, a price-to-earnings-growth ratio of 26.01 and a beta of 1.06. TechTarget has a 52 week low of $22.82 and a 52 week high of $41.93. The company has a debt-to-equity ratio of 1.74, a quick ratio of 9.35 and a current ratio of 9.35.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings results on Thursday, August 8th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. TechTarget had a positive return on equity of 5.92% and a negative net margin of 3.84%. The business had revenue of $58.91 million for the quarter, compared to analyst estimates of $58.08 million. During the same period last year, the company earned $0.17 EPS. The firm’s revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that TechTarget will post 0.5 EPS for the current year.

Institutional Trading of TechTarget

A number of institutional investors have recently modified their holdings of TTGT. BOKF NA bought a new stake in shares of TechTarget in the second quarter valued at about $239,000. SG Americas Securities LLC bought a new stake in shares of TechTarget in the third quarter valued at about $307,000. The Manufacturers Life Insurance Company lifted its holdings in shares of TechTarget by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider’s stock valued at $311,000 after purchasing an additional 430 shares in the last quarter. Riverwater Partners LLC bought a new stake in shares of TechTarget in the second quarter valued at about $350,000. Finally, Inspire Investing LLC lifted its holdings in shares of TechTarget by 4.3% in the second quarter. Inspire Investing LLC now owns 11,379 shares of the information services provider’s stock valued at $355,000 after purchasing an additional 469 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors.

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.