TechTarget (NASDAQ:TTGT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of TechTarget (NASDAQ:TTGT) in a report published on Thursday morning. The brokerage issued a hold rating on the information services provider’s stock.

TTGT has been the subject of a number of other research reports. Craig Hallum boosted their price target on shares of TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. KeyCorp dropped their target price on TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of TechTarget in a report on Wednesday, November 13th. Finally, Lake Street Capital dropped their price objective on TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, December 30th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.14.

TechTarget Stock Performance

Shares of TTGT opened at $18.25 on Thursday. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. TechTarget has a 12 month low of $17.93 and a 12 month high of $33.08. The firm has a fifty day simple moving average of $24.95 and a 200 day simple moving average of $26.87. The stock has a market capitalization of $533.54 million, a price-to-earnings ratio of -43.45, a PEG ratio of 12.04 and a beta of 1.04.

TechTarget (NASDAQ:TTGT) last issued its earnings results on Tuesday, November 12th. The information services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The company had revenue of $58.47 million during the quarter, compared to the consensus estimate of $58.14 million. During the same period last year, the business posted $0.13 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts forecast that TechTarget will post 0.55 EPS for the current fiscal year.

Institutional Trading of TechTarget

Several hedge funds have recently added to or reduced their stakes in the stock. BOKF NA purchased a new stake in shares of TechTarget during the 2nd quarter worth approximately $239,000. Cornercap Investment Counsel Inc. bought a new stake in TechTarget in the 3rd quarter valued at about $245,000. Intech Investment Management LLC purchased a new stake in TechTarget during the third quarter valued at about $257,000. Quest Partners LLC bought a new position in TechTarget during the third quarter worth about $272,000. Finally, SG Americas Securities LLC bought a new position in TechTarget during the third quarter worth about $307,000. Institutional investors own 93.52% of the company’s stock.

TechTarget Company Profile

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.