Brokerages Set TechTarget, Inc. (NASDAQ:TTGT) PT at $30.14

TechTarget, Inc. (NASDAQ:TTGT) has received an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $30.14.

Several equities analysts recently commented on the stock. Craig Hallum decreased their price objective on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of TechTarget in a report on Wednesday, January 15th. Raymond James downgraded shares of TechTarget from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Lake Street Capital cut their price target on shares of TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, December 30th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.00 price target on shares of TechTarget in a report on Tuesday, January 21st.

Institutional Trading of TechTarget

A number of hedge funds and other institutional investors have recently modified their holdings of TTGT. Squarepoint Ops LLC acquired a new position in TechTarget in the 4th quarter valued at about $411,000. Royal Bank of Canada grew its position in shares of TechTarget by 30.3% during the fourth quarter. Royal Bank of Canada now owns 977,777 shares of the information services provider’s stock worth $19,380,000 after buying an additional 227,459 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TechTarget by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,860 shares of the information services provider’s stock worth $295,000 after buying an additional 698 shares in the last quarter. LMR Partners LLP grew its position in shares of TechTarget by 132.2% during the fourth quarter. LMR Partners LLP now owns 50,000 shares of the information services provider’s stock worth $991,000 after buying an additional 28,471 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of TechTarget by 49.4% during the fourth quarter. Deutsche Bank AG now owns 24,063 shares of the information services provider’s stock worth $477,000 after buying an additional 7,959 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

TechTarget Stock Performance

TTGT stock opened at $15.01 on Wednesday. The firm has a market cap of $438.82 million, a price-to-earnings ratio of -35.74, a PEG ratio of 139.38 and a beta of 1.02. The firm has a 50-day simple moving average of $18.57 and a two-hundred day simple moving average of $24.19. TechTarget has a one year low of $14.91 and a one year high of $33.08. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49.

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.