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

TechTarget, Inc. (NASDAQ:TTGT) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $10.75.

TTGT has been the subject of a number of recent analyst reports. Wall Street Zen raised TechTarget from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Lake Street Capital decreased their price target on TechTarget from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Needham & Company LLC reissued a “buy” rating on shares of TechTarget in a report on Thursday, March 12th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of TechTarget in a research note on Wednesday, January 21st.

TechTarget Trading Up 2.7%

NASDAQ TTGT opened at $3.81 on Thursday. TechTarget has a 52 week low of $3.41 and a 52 week high of $15.39. The company has a 50 day moving average price of $4.55 and a 200 day moving average price of $5.18. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.18. The firm has a market cap of $275.44 million, a PE ratio of -0.27 and a beta of 0.96.

TechTarget (NASDAQ:TTGT) last announced its earnings results on Wednesday, March 11th. The information services provider reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.48). TechTarget had a negative net margin of 207.13% and a negative return on equity of 14.62%. The firm had revenue of $140.68 million during the quarter, compared to analyst estimates of $140.91 million. As a group, sell-side analysts forecast that TechTarget will post -0.46 EPS for the current fiscal year.

Institutional Trading of TechTarget

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in TechTarget by 103.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,658 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 2,877 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in TechTarget in the 4th quarter worth $55,000. CWM LLC raised its stake in TechTarget by 454.8% in the 4th quarter. CWM LLC now owns 10,664 shares of the information services provider’s stock worth $58,000 after acquiring an additional 8,742 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in TechTarget during the 4th quarter worth about $58,000. Finally, Quotient Wealth Partners LLC acquired a new stake in TechTarget during the 4th quarter worth about $59,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

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.