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

Shares of TechTarget, Inc. (NASDAQ:TTGT) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $40.33.

TTGT has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of TechTarget in a report on Thursday, February 8th. Raymond James upped their price target on TechTarget from $31.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, January 12th. KeyCorp dropped their price target on TechTarget from $58.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, January 22nd. UBS Group upgraded shares of TechTarget from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $45.00 in a research report on Wednesday, January 31st. Finally, TheStreet cut shares of TechTarget from a “c” rating to a “d+” rating in a research report on Wednesday, February 7th.

Insiders Place Their Bets

In other news, President Rebecca Kitchens sold 13,666 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total transaction of $440,045.20. Following the transaction, the president now directly owns 53,920 shares in the company, valued at approximately $1,736,224. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Steven Niemiec sold 13,608 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total transaction of $438,177.60. Following the transaction, the chief operating officer now directly owns 40,755 shares in the company, valued at approximately $1,312,311. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Rebecca Kitchens sold 13,666 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total transaction of $440,045.20. Following the completion of the sale, the president now owns 53,920 shares of the company’s stock, valued at $1,736,224. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.

Hedge Funds Weigh In On TechTarget

Several hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in shares of TechTarget by 16.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,623 shares of the information services provider’s stock valued at $80,000 after acquiring an additional 367 shares during the last quarter. Aigen Investment Management LP raised its stake in shares of TechTarget by 6.6% in the 4th quarter. Aigen Investment Management LP now owns 7,712 shares of the information services provider’s stock valued at $269,000 after acquiring an additional 476 shares in the last quarter. Deutsche Bank AG raised its stake in shares of TechTarget by 12.6% in the 3rd quarter. Deutsche Bank AG now owns 14,855 shares of the information services provider’s stock valued at $451,000 after acquiring an additional 1,659 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of TechTarget by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 209,083 shares of the information services provider’s stock valued at $7,289,000 after acquiring an additional 1,768 shares in the last quarter. Finally, Caxton Associates LP raised its stake in shares of TechTarget by 26.5% in the 3rd quarter. Caxton Associates LP now owns 8,730 shares of the information services provider’s stock valued at $265,000 after acquiring an additional 1,827 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

TechTarget Price Performance

Shares of NASDAQ:TTGT opened at $27.55 on Thursday. TechTarget has a 12 month low of $23.43 and a 12 month high of $41.93. The stock has a market cap of $786.55 million, a price-to-earnings ratio of 172.20, a PEG ratio of 8.04 and a beta of 0.94. The stock’s 50 day moving average price is $30.87 and its 200 day moving average price is $31.12. The company has a debt-to-equity ratio of 1.84, a current ratio of 10.04 and a quick ratio of 10.04.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings results on Wednesday, February 7th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.73 million. TechTarget had a return on equity of 8.53% and a net margin of 1.94%. Equities research analysts anticipate that TechTarget will post 0.62 earnings per share for the current fiscal year.

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.