TechTarget, Inc. (NASDAQ:TTGT) Given Average Recommendation of “Moderate Buy” by Analysts

TechTarget, Inc. (NASDAQ:TTGT) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $30.14.

Several analysts recently commented on TTGT shares. Craig Hallum cut their price objective on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. StockNews.com started coverage on shares of TechTarget in a research report on Monday, February 10th. They set a “hold” rating on the stock. Lake Street Capital cut their price objective on shares of TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, December 30th. Raymond James downgraded shares of TechTarget from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.00 price target on shares of TechTarget in a report on Tuesday, January 21st.

TechTarget Stock Down 5.1 %

Shares of TechTarget stock opened at $15.01 on Wednesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. The company has a 50-day moving average of $18.57 and a 200 day moving average of $24.19. The firm has a market cap of $438.82 million, a price-to-earnings ratio of -35.74, a PEG ratio of 139.38 and a beta of 1.02. TechTarget has a 1 year low of $14.91 and a 1 year high of $33.08.

Institutional Trading of TechTarget

A number of large investors have recently made changes to their positions in the stock. KBC Group NV raised its holdings in shares of TechTarget by 79.1% in the fourth 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 in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of TechTarget in the fourth quarter valued at about $103,000. MeadowBrook Investment Advisors LLC raised its holdings in shares of TechTarget by 26.4% in the fourth 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 in the last quarter. Quantbot Technologies LP bought a new position in TechTarget in the fourth quarter worth about $173,000. Finally, State of Tennessee Department of Treasury lifted its position in shares of TechTarget by 8.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider’s stock valued at $239,000 after buying an additional 910 shares during the last quarter. 93.52% of the stock is owned by hedge funds and other 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.