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

Shares of TechTarget, Inc. (NASDAQ:TTGT) have earned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $10.75.

TTGT has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of TechTarget in a report on Wednesday, January 21st. Wall Street Zen raised TechTarget from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Needham & Company LLC reaffirmed a “buy” rating on shares of TechTarget in a research note on Thursday, March 12th. Finally, Lake Street Capital reduced their price target on TechTarget from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, March 12th.

TechTarget Price Performance

Shares of NASDAQ TTGT opened at $3.80 on Thursday. The business has a 50-day simple moving average of $4.70 and a two-hundred day simple moving average of $5.25. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.18. TechTarget has a 52 week low of $3.41 and a 52 week high of $15.55. The company has a market cap of $274.70 million, a P/E ratio of -0.27 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 for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.48). The firm had revenue of $140.68 million for the quarter, compared to the consensus estimate of $140.91 million. TechTarget had a negative return on equity of 14.62% and a negative net margin of 207.13%. Research analysts anticipate that TechTarget will post -0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its holdings in TechTarget by 1,881.8% in the third quarter. Millennium Management LLC now owns 1,242,193 shares of the information services provider’s stock worth $7,217,000 after purchasing an additional 1,179,513 shares in the last quarter. EVR Research LP bought a new position in shares of TechTarget during the third quarter valued at $5,868,000. Rice Hall James & Associates LLC lifted its stake in TechTarget by 103.7% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,299,526 shares of the information services provider’s stock valued at $7,550,000 after acquiring an additional 661,502 shares during the period. Trigran Investments Inc. boosted its holdings in TechTarget by 9.9% in the second quarter. Trigran Investments Inc. now owns 4,974,434 shares of the information services provider’s stock worth $38,651,000 after purchasing an additional 447,598 shares during the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of TechTarget by 39.4% in the 4th quarter. Impax Asset Management Group plc now owns 1,238,887 shares of the information services provider’s stock worth $6,690,000 after buying an additional 350,000 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

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.