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

Shares of TechTarget, Inc. (NASDAQ:TTGT) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $25.17.

Several brokerages have issued reports on TTGT. Wall Street Zen raised TechTarget from a “sell” rating to a “hold” rating in a research note on Saturday, April 26th. Raymond James lowered TechTarget from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Needham & Company LLC dropped their price target on TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, Lake Street Capital lowered their target price on TechTarget from $24.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th.

TechTarget Price Performance

TechTarget stock opened at $7.47 on Friday. TechTarget has a 52 week low of $6.95 and a 52 week high of $35.11. The business has a 50-day simple moving average of $9.65 and a 200 day simple moving average of $16.83. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. The stock has a market cap of $218.39 million, a price-to-earnings ratio of -17.79, a PEG ratio of 113.92 and a beta of 1.10.

Institutional Investors Weigh In On TechTarget

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Trigran Investments Inc. lifted its stake in shares of TechTarget by 20.4% in the 1st quarter. Trigran Investments Inc. now owns 4,526,836 shares of the information services provider’s stock valued at $67,042,000 after acquiring an additional 767,327 shares during the last quarter. Vanguard Group Inc. raised its position in TechTarget by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,923,408 shares of the information services provider’s stock valued at $28,486,000 after purchasing an additional 18,603 shares during the last quarter. Royal Bank of Canada raised its position in TechTarget by 30.3% during the 4th quarter. Royal Bank of Canada now owns 977,777 shares of the information services provider’s stock valued at $19,380,000 after purchasing an additional 227,459 shares during the last quarter. Dimensional Fund Advisors LP raised its position in TechTarget by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 806,078 shares of the information services provider’s stock valued at $15,977,000 after purchasing an additional 11,646 shares during the last quarter. Finally, Earnest Partners LLC raised its position in TechTarget by 41.3% during the 1st quarter. Earnest Partners LLC now owns 686,440 shares of the information services provider’s stock valued at $10,166,000 after purchasing an additional 200,495 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

TechTarget Company Profile

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.