TechTarget, Inc. (NASDAQ:TTGT) Receives $11.25 Average Price Target from Analysts

TechTarget, Inc. (NASDAQ:TTGT) has received an average rating of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.25.

A number of brokerages have recently commented on TTGT. Weiss Ratings reissued a “sell (e+)” rating on shares of TechTarget in a research report on Wednesday, January 21st. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of TechTarget in a research note on Tuesday, November 11th.

TechTarget Stock Performance

NASDAQ:TTGT opened at $3.58 on Friday. TechTarget has a 52 week low of $3.44 and a 52 week high of $15.55. The company has a fifty day simple moving average of $5.21 and a two-hundred day simple moving average of $5.50. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.20. The company has a market cap of $258.33 million, a price-to-earnings ratio of -2.07 and a beta of 0.93.

Institutional Trading of TechTarget

A number of institutional investors have recently bought and sold shares of TTGT. BNP Paribas Financial Markets boosted its position in shares of TechTarget by 103.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,658 shares of the information services provider’s stock worth $33,000 after acquiring an additional 2,877 shares in the last quarter. CWM LLC lifted its stake in TechTarget by 904.0% during the second quarter. CWM LLC now owns 5,221 shares of the information services provider’s stock worth $41,000 after purchasing an additional 4,701 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in TechTarget in the fourth quarter valued at approximately $55,000. Graham Capital Management L.P. purchased a new position in TechTarget in the fourth quarter valued at approximately $58,000. Finally, Quotient Wealth Partners LLC acquired a new stake in TechTarget during the fourth quarter worth approximately $59,000. 93.52% of the stock is owned by hedge funds and other institutional investors.

About TechTarget

TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget’s offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.

The company’s core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.