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

TechTarget, Inc. (NASDAQ:TTGT) has been assigned an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $11.25.

A number of equities analysts recently issued reports on TTGT shares. Weiss Ratings restated a “sell (e+)” rating on shares of TechTarget in a report on Wednesday, January 21st. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of TechTarget in a research note on Tuesday, November 11th.

TechTarget Price Performance

Shares of NASDAQ:TTGT opened at $5.37 on Wednesday. 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 firm has a fifty day moving average price of $5.29 and a 200 day moving average price of $5.84. TechTarget has a fifty-two week low of $4.63 and a fifty-two week high of $18.69. The firm has a market cap of $387.50 million, a price-to-earnings ratio of -3.10 and a beta of 0.87.

Hedge Funds Weigh In On TechTarget

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake 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 in the last quarter. GAMMA Investing LLC increased its holdings in TechTarget by 4,513.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,029 shares of the information services provider’s stock worth $39,000 after purchasing an additional 4,920 shares during the period. CWM LLC raised its position in TechTarget by 904.0% during the 2nd quarter. CWM LLC now owns 5,221 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 4,701 shares in the last quarter. Quotient Wealth Partners LLC purchased a new stake in shares of TechTarget in the 4th quarter worth $59,000. Finally, Inscription Capital LLC purchased a new stake in shares of TechTarget in the 3rd quarter worth $74,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

About TechTarget

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.