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

TechTarget, Inc. (NASDAQ:TTGT) has received a consensus rating of “Hold” from the four brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.3333.

TTGT has been the topic of a number of recent research reports. Wall Street Zen raised TechTarget from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TechTarget in a research note on Monday, April 20th. Needham & Company LLC reaffirmed a “buy” rating on shares of TechTarget in a research note on Thursday, March 12th. Finally, Lake Street Capital reduced their price objective on TechTarget from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th.

TechTarget Stock Down 0.3%

Shares of NASDAQ:TTGT opened at $3.86 on Tuesday. The stock’s 50-day moving average price is $4.76 and its 200-day moving average price is $4.83. TechTarget has a 12-month low of $3.41 and a 12-month high of $9.00. The stock has a market capitalization of $279.08 million, a P/E ratio of -0.50 and a beta of 1.13. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.23.

TechTarget (NASDAQ:TTGT) last announced its quarterly earnings data on Thursday, May 7th. The information services provider reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.59). TechTarget had a negative net margin of 113.65% and a positive return on equity of 5.19%. The company had revenue of $106.05 million for the quarter, compared to the consensus estimate of $104.93 million.

Institutional Trading of TechTarget

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of TechTarget by 103.5% in the third quarter. BNP Paribas Financial Markets now owns 5,658 shares of the information services provider’s stock worth $33,000 after purchasing an additional 2,877 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of TechTarget in the fourth quarter worth about $55,000. The Manufacturers Life Insurance Company bought a new stake in shares of TechTarget in the second quarter worth about $81,000. CWM LLC grew its stake in shares of TechTarget by 454.8% in the fourth quarter. CWM LLC now owns 10,664 shares of the information services provider’s stock worth $58,000 after purchasing an additional 8,742 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new stake in shares of TechTarget in the fourth quarter worth about $58,000. 93.52% of the stock is owned by institutional investors.

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.