TechTarget (NASDAQ:TTGT) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum started coverage on shares of TechTarget (NASDAQ:TTGT) in a research report report published on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $12.00 price objective on the information services provider’s stock.

Several other brokerages also recently weighed in on TTGT. Raymond James downgraded TechTarget from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Needham & Company LLC reduced their target price on shares of TechTarget from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 5th. Wall Street Zen upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, Lake Street Capital cut their price target on shares of TechTarget from $24.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.33.

TechTarget Stock Up 7.0%

TTGT stock opened at $7.67 on Monday. The company has a market cap of $224.23 million, a price-to-earnings ratio of -18.26, a price-to-earnings-growth ratio of 113.92 and a beta of 1.05. The company has a fifty day moving average price of $8.03 and a 200 day moving average price of $14.72. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. TechTarget has a 12 month low of $6.80 and a 12 month high of $35.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTGT. KBC Group NV increased its stake in TechTarget by 79.1% in the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 962 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in TechTarget in the fourth quarter valued at $103,000. PNC Financial Services Group Inc. increased its position in shares of TechTarget by 18.7% in the first quarter. PNC Financial Services Group Inc. now owns 9,768 shares of the information services provider’s stock valued at $145,000 after buying an additional 1,541 shares in the last quarter. MeadowBrook Investment Advisors LLC increased its position 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 buying an additional 1,780 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of TechTarget during the 4th quarter worth $173,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

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.