Brokerages Set TechTarget, Inc. (NASDAQ:TTGT) Target Price at $11.25

Shares of TechTarget, Inc. (NASDAQ:TTGT) have received an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $11.25.

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

TechTarget Trading Down 1.9%

Shares of NASDAQ TTGT opened at $5.24 on Wednesday. TechTarget has a twelve month low of $4.63 and a twelve month high of $18.69. The stock has a market cap of $378.12 million, a price-to-earnings ratio of -3.03 and a beta of 0.93. 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’s fifty day moving average is $5.32 and its 200-day moving average is $5.80.

Institutional Investors Weigh In On TechTarget

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Impax Asset Management Group plc lifted its position in TechTarget by 39.4% in the 4th quarter. Impax Asset Management Group plc now owns 1,238,887 shares of the information services provider’s stock valued at $6,690,000 after acquiring an additional 350,000 shares in the last quarter. CWM LLC raised its stake in shares of TechTarget by 454.8% in the 4th quarter. CWM LLC now owns 10,664 shares of the information services provider’s stock valued at $58,000 after purchasing an additional 8,742 shares during the period. Quotient Wealth Partners LLC bought a new stake in shares of TechTarget in the fourth quarter valued at about $59,000. Worth Venture Partners LLC boosted its position in shares of TechTarget by 78.7% during the third quarter. Worth Venture Partners LLC now owns 75,327 shares of the information services provider’s stock worth $438,000 after buying an additional 33,165 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of 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. 93.52% of the stock is currently owned by institutional investors and hedge funds.

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.