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

TechTarget, Inc. (NASDAQ:TTGT) has been assigned an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $11.25.

TTGT has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of TechTarget in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of TechTarget in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new position in TechTarget in the 4th quarter worth $55,000. Lynrock Lake LP grew its position in shares of TechTarget by 8.4% during the 4th quarter. Lynrock Lake LP now owns 3,385,913 shares of the information services provider’s stock valued at $18,284,000 after acquiring an additional 262,092 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of TechTarget in the 4th quarter valued at about $149,000. Inspire Investing LLC increased its stake in shares of TechTarget by 9.9% in the 4th quarter. Inspire Investing LLC now owns 88,068 shares of the information services provider’s stock valued at $476,000 after purchasing an additional 7,920 shares in the last quarter. Finally, EVR Research LP raised its holdings in TechTarget by 15.4% in the 4th quarter. EVR Research LP now owns 1,165,130 shares of the information services provider’s stock worth $6,292,000 after purchasing an additional 155,130 shares during the period. Institutional investors own 93.52% of the company’s stock.

TechTarget Stock Down 0.8%

Shares of TTGT opened at $4.77 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $344.20 million, a price-to-earnings ratio of -2.76 and a beta of 0.93. TechTarget has a 1 year low of $4.63 and a 1 year high of $15.55. The business’s 50 day simple moving average is $5.26 and its 200-day simple moving average is $5.55.

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.