TechTarget (NASDAQ:TTGT) Price Target Cut to $37.00 by Analysts at KeyCorp

TechTarget (NASDAQ:TTGT) had its price objective decreased by research analysts at KeyCorp from $38.00 to $37.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the information services provider’s stock. KeyCorp’s target price points to a potential upside of 27.54% from the company’s current price.

Several other brokerages have also recently weighed in on TTGT. Raymond James lowered their price target on shares of TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Craig Hallum increased their price objective on shares of TechTarget from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of TechTarget in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.17.

TechTarget Stock Down 1.0 %

NASDAQ TTGT opened at $29.01 on Thursday. The company has a current ratio of 10.49, a quick ratio of 9.35 and a debt-to-equity ratio of 1.65. TechTarget has a 12 month low of $22.82 and a 12 month high of $41.93. The stock’s 50 day moving average is $26.56 and its 200 day moving average is $28.64. The stock has a market cap of $848.25 million, a PE ratio of -69.07, a P/E/G ratio of 31.84 and a beta of 1.03.

Institutional Trading of TechTarget

Several institutional investors and hedge funds have recently bought and sold shares of TTGT. The Manufacturers Life Insurance Company lifted its holdings in shares of TechTarget by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider’s stock worth $311,000 after acquiring an additional 430 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in TechTarget by 2.1% during the first quarter. Texas Permanent School Fund Corp now owns 22,630 shares of the information services provider’s stock worth $749,000 after purchasing an additional 456 shares in the last quarter. Inspire Investing LLC boosted its position in shares of TechTarget by 4.3% during the second quarter. Inspire Investing LLC now owns 11,379 shares of the information services provider’s stock worth $355,000 after buying an additional 469 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of TechTarget by 9.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,516 shares of the information services provider’s stock valued at $381,000 after buying an additional 959 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of TechTarget by 2.2% in the 1st quarter. Swiss National Bank now owns 50,500 shares of the information services provider’s stock valued at $1,671,000 after buying an additional 1,100 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.