TechTarget (NASDAQ:TTGT) Upgraded at Wall Street Zen

TechTarget (NASDAQ:TTGT) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms have also recently weighed in on TTGT. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TechTarget in a report on Wednesday, January 21st. Lake Street Capital cut their price objective on TechTarget from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of TechTarget in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, TechTarget currently has an average rating of “Hold” and an average target price of $10.75.

TechTarget Stock Down 5.5%

TTGT opened at $3.97 on Friday. TechTarget has a fifty-two week low of $3.41 and a fifty-two week high of $15.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day moving average of $4.80 and a two-hundred day moving average of $5.30. The stock has a market capitalization of $286.48 million, a price-to-earnings ratio of -0.28 and a beta of 0.96.

TechTarget (NASDAQ:TTGT) last posted its earnings results on Wednesday, March 11th. The information services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.48). TechTarget had a negative return on equity of 13.77% and a negative net margin of 207.13%.The firm had revenue of $140.68 million for the quarter, compared to analysts’ expectations of $140.91 million. On average, research analysts expect that TechTarget will post -0.46 earnings per share for the current year.

Institutional Investors Weigh In On TechTarget

Several institutional investors have recently bought and sold shares of TTGT. BNP Paribas Financial Markets raised its holdings in shares of TechTarget by 103.5% during the third quarter. BNP Paribas Financial Markets now owns 5,658 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 2,877 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of TechTarget in the fourth quarter valued at approximately $55,000. The Manufacturers Life Insurance Company acquired a new stake in shares of TechTarget in the second quarter worth approximately $81,000. CWM LLC increased its position in shares of TechTarget by 454.8% during the fourth quarter. CWM LLC now owns 10,664 shares of the information services provider’s stock worth $58,000 after purchasing an additional 8,742 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in shares of TechTarget during the fourth quarter worth approximately $58,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

TechTarget Company Profile

TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget’s offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.

The company’s core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.