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

Shares of TechTarget, Inc. (NASDAQ:TTGT – Get Rating) have earned a consensus recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $48.63.

A number of research firms have weighed in on TTGT. JPMorgan Chase & Co. began coverage on TechTarget in a research report on Thursday, February 16th. They set an “underweight” rating and a $41.00 price target on the stock. Needham & Company LLC lowered their price target on TechTarget from $90.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, February 10th. The Goldman Sachs Group began coverage on TechTarget in a research report on Tuesday, December 20th. They set a “neutral” rating and a $57.00 price target on the stock. KeyCorp lowered their price target on TechTarget from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, February 10th. Finally, Cowen lowered their price target on TechTarget to $47.00 in a research report on Tuesday, November 15th.

TechTarget Stock Up 0.2 %

Shares of NASDAQ:TTGT opened at $34.22 on Wednesday. The firm has a market capitalization of $981.09 million, a PE ratio of 26.32 and a beta of 0.96. The company has a debt-to-equity ratio of 2.10, a quick ratio of 7.44 and a current ratio of 7.44. TechTarget has a 52-week low of $33.80 and a 52-week high of $85.00. The firm has a fifty day moving average of $43.61 and a 200 day moving average of $50.71.

Insider Activity

In other news, Director Robert D. Burke sold 1,200 shares of the firm’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $39.57, for a total transaction of $47,484.00. Following the transaction, the director now directly owns 1,300 shares of the company’s stock, valued at $51,441. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Rebecca Kitchens sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $39.50, for a total value of $29,625.00. Following the sale, the president now directly owns 16,996 shares of the company’s stock, valued at $671,342. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert D. Burke sold 1,200 shares of the firm’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $39.57, for a total value of $47,484.00. Following the completion of the sale, the director now directly owns 1,300 shares in the company, valued at $51,441. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,700 shares of company stock valued at $113,957. 8.92% of the stock is currently owned by insiders.

Institutional Trading of TechTarget

Large investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC bought a new stake in shares of TechTarget in the second quarter worth about $26,000. Arcadia Investment Management Corp MI bought a new stake in shares of TechTarget in the fourth quarter worth about $46,000. State of Wyoming grew its stake in shares of TechTarget by 121.2% in the fourth quarter. State of Wyoming now owns 1,208 shares of the information services provider’s stock worth $53,000 after purchasing an additional 662 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of TechTarget by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 828 shares of the information services provider’s stock worth $67,000 after purchasing an additional 282 shares during the last quarter. Finally, Point72 Middle East FZE bought a new stake in TechTarget during the 4th quarter valued at approximately $73,000. 99.61% of the stock is owned by institutional investors.

TechTarget Company Profile

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TechTarget, Inc engages in the provision of data and analytics and software solutions for purchase intent-driven marketing and sales data which delivers business impact for business-to-business companies. It operates through the North America and International geographical segments. Its solutions include tech marketing, ABM, tech sales, and intent-driven services.