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

TechTarget, Inc. (NASDAQ:TTGTGet Free Report) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $37.88.

Several research firms have recently issued reports on TTGT. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of TechTarget from $40.00 to $33.00 and set a “hold” rating for the company in a report on Friday, May 10th. Raymond James cut their target price on shares of TechTarget from $45.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, May 10th. Craig Hallum cut their target price on shares of TechTarget from $41.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, May 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of TechTarget in a research note on Friday, May 10th.

View Our Latest Stock Analysis on TTGT

Institutional Investors Weigh In On TechTarget

Hedge funds have recently made changes to their positions in the company. Impax Asset Management Group plc lifted its position in TechTarget by 60.9% in the 4th quarter. Impax Asset Management Group plc now owns 213,387 shares of the information services provider’s stock worth $7,439,000 after buying an additional 80,804 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of TechTarget by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,959,476 shares of the information services provider’s stock worth $59,490,000 after purchasing an additional 34,024 shares during the last quarter. Federated Hermes Inc. grew its stake in TechTarget by 249.2% in the 4th quarter. Federated Hermes Inc. now owns 219,739 shares of the information services provider’s stock valued at $7,660,000 after buying an additional 156,814 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in TechTarget by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 209,083 shares of the information services provider’s stock valued at $7,289,000 after buying an additional 1,768 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in TechTarget in the 3rd quarter valued at $466,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

TechTarget Trading Down 0.4 %

TechTarget stock opened at $30.88 on Friday. The firm has a 50 day simple moving average of $29.41 and a 200-day simple moving average of $31.60. The company has a debt-to-equity ratio of 1.84, a current ratio of 8.60 and a quick ratio of 8.60. The stock has a market capitalization of $881.62 million, a PE ratio of -123.52, a price-to-earnings-growth ratio of 15.74 and a beta of 1.09. TechTarget has a 12-month low of $23.43 and a 12-month high of $41.93.

TechTarget (NASDAQ:TTGTGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The information services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $51.64 million during the quarter, compared to the consensus estimate of $51.31 million. TechTarget had a negative net margin of 3.24% and a positive return on equity of 6.14%. As a group, equities research analysts expect that TechTarget will post 0.63 EPS for the current fiscal year.

TechTarget Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for TechTarget (NASDAQ:TTGT)

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