TechTarget, Inc. (NASDAQ:TTGT) Receives Consensus Rating of “Hold” from Analysts

TechTarget, Inc. (NASDAQ:TTGT) has received a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $40.33.

Several analysts have weighed in on the stock. Raymond James boosted their price target on shares of TechTarget from $31.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of TechTarget in a research report on Thursday, February 8th. UBS Group raised TechTarget from a “neutral” rating to a “buy” rating and increased their price objective for the company from $31.00 to $45.00 in a research note on Wednesday, January 31st. KeyCorp decreased their target price on shares of TechTarget from $58.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, January 22nd. Finally, TheStreet cut shares of TechTarget from a “c” rating to a “d+” rating in a research report on Wednesday, February 7th.

Insider Activity

In other TechTarget news, President Rebecca Kitchens sold 13,666 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total value of $440,045.20. Following the completion of the sale, the president now directly owns 53,920 shares in the company, valued at $1,736,224. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other TechTarget news, COO Steven Niemiec sold 13,608 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total value of $438,177.60. Following the completion of the transaction, the chief operating officer now owns 40,755 shares in the company, valued at $1,312,311. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Rebecca Kitchens sold 13,666 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total transaction of $440,045.20. Following the sale, the president now owns 53,920 shares in the company, valued at approximately $1,736,224. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. State of Wyoming raised its stake in TechTarget by 121.2% during the fourth quarter. State of Wyoming now owns 1,208 shares of the information services provider’s stock valued at $53,000 after buying an additional 662 shares during the last quarter. Advisors Asset Management Inc. raised 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. Point72 Middle East FZE bought a new position in shares of TechTarget during the fourth quarter valued at $73,000. PNC Financial Services Group Inc. boosted its position in shares of TechTarget by 16.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,623 shares of the information services provider’s stock valued at $80,000 after buying an additional 367 shares during the last quarter. Finally, Amundi increased its holdings in TechTarget by 51.0% in the 4th quarter. Amundi now owns 2,126 shares of the information services provider’s stock worth $98,000 after buying an additional 718 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

TechTarget Price Performance

TechTarget stock opened at $27.43 on Thursday. The company’s 50 day moving average price is $31.64 and its two-hundred day moving average price is $31.22. The company has a quick ratio of 10.04, a current ratio of 10.04 and a debt-to-equity ratio of 1.84. TechTarget has a 52 week low of $23.43 and a 52 week high of $41.93. The stock has a market cap of $783.13 million, a P/E ratio of 171.45, a P/E/G ratio of 8.31 and a beta of 0.94.

TechTarget (NASDAQ:TTGT) last posted its earnings results on Wednesday, February 7th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.73 million. TechTarget had a net margin of 1.94% and a return on equity of 8.53%. On average, equities analysts predict that TechTarget will post 0.62 earnings per share for the current year.

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.