Analysts’ Recent Ratings Updates for TechTarget (TTGT)

A number of research firms have changed their ratings and price targets for TechTarget (NASDAQ: TTGT):

• 5/10/2024 – TechTarget had its price target lowered by analysts at Raymond James from $45.00 to $39.00. They now have an “outperform” rating on the stock.
• 5/10/2024 – TechTarget had its price target lowered by analysts at Craig Hallum from $41.00 to $34.00. They now have a “hold” rating on the stock.
• 5/10/2024 – TechTarget had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $40.00 to $33.00. They now have a “hold” rating on the stock.
• 5/10/2024 – TechTarget had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $50.00 price target on the stock.

TechTarget Price Performance

TTGT stock traded down $0.06 during mid-day trading on Thursday, hitting $30.34. 21,079 shares of the stock were exchanged, compared to its average volume of 131,254. The business has a fifty day moving average price of $29.76 and a 200 day moving average price of $31.46. TechTarget, Inc. has a 12 month low of $23.43 and a 12 month high of $41.93. The company has a debt-to-equity ratio of 1.84, a current ratio of 8.60 and a quick ratio of 8.60. The stock has a market capitalization of $866.21 million, a price-to-earnings ratio of -121.36, a PEG ratio of 15.83 and a beta of 0.99.

Institutional Trading of TechTarget

Several institutional investors have recently added to or reduced their stakes in TTGT. Trigran Investments Inc. lifted its holdings in TechTarget by 49.5% in the 3rd quarter. Trigran Investments Inc. now owns 2,671,510 shares of the information services provider’s stock worth $81,107,000 after buying an additional 884,295 shares during the period. Kent Lake Capital LLC bought a new stake in TechTarget in the third quarter valued at $6,831,000. Federated Hermes Inc. increased its position in TechTarget by 249.2% during the 4th quarter. Federated Hermes Inc. now owns 219,739 shares of the information services provider’s stock valued at $7,660,000 after purchasing an additional 156,814 shares during the period. Envestnet Asset Management Inc. raised its holdings in TechTarget by 152.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 254,476 shares of the information services provider’s stock worth $7,726,000 after purchasing an additional 153,761 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of TechTarget by 160.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 202,105 shares of the information services provider’s stock worth $6,136,000 after purchasing an additional 124,433 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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.