TechTarget (NASDAQ:TTGT) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of TechTarget (NASDAQ:TTGT) from a sell rating to a hold rating in a report published on Saturday.

Other equities research analysts also recently issued research reports about the stock. Lake Street Capital lowered their price objective on shares of TechTarget from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating on shares of TechTarget in a research note on Thursday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TechTarget in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.75.

TechTarget Price Performance

NASDAQ TTGT opened at $3.97 on Friday. The stock has a 50-day simple moving average of $4.80 and a 200 day simple moving average of $5.29. TechTarget has a twelve month low of $3.41 and a twelve month high of $15.55. The stock has a market capitalization of $286.48 million, a PE ratio of -0.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.13.

TechTarget (NASDAQ:TTGT) last released its earnings results on Wednesday, March 11th. The information services provider reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.48). The business had revenue of $140.68 million during the quarter, compared to analyst estimates of $140.91 million. TechTarget had a negative net margin of 207.13% and a negative return on equity of 13.77%. Research analysts anticipate that TechTarget will post -0.46 EPS for the current year.

Institutional Trading of TechTarget

Several institutional investors have recently modified their holdings of the company. Trigran Investments Inc. increased its position in shares of TechTarget by 0.8% during the third quarter. Trigran Investments Inc. now owns 5,013,868 shares of the information services provider’s stock valued at $29,131,000 after purchasing an additional 39,434 shares during the period. Lynrock Lake LP lifted its position in TechTarget by 8.4% in the fourth quarter. Lynrock Lake LP now owns 3,385,913 shares of the information services provider’s stock worth $18,284,000 after purchasing an additional 262,092 shares during the period. Rice Hall James & Associates LLC lifted its position in TechTarget by 34.3% in the fourth quarter. Rice Hall James & Associates LLC now owns 1,745,806 shares of the information services provider’s stock worth $9,427,000 after purchasing an additional 446,280 shares during the period. Millennium Management LLC boosted its stake in TechTarget by 1,881.8% during the third quarter. Millennium Management LLC now owns 1,242,193 shares of the information services provider’s stock worth $7,217,000 after buying an additional 1,179,513 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in TechTarget by 39.4% during the fourth quarter. Impax Asset Management Group plc now owns 1,238,887 shares of the information services provider’s stock worth $6,690,000 after buying an additional 350,000 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

TechTarget Company Profile

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.