TechTarget (NASDAQ:TTGT) Downgraded by BidaskClub to Buy
Other equities analysts also recently issued research reports about the stock. ValuEngine downgraded shares of TechTarget from a “hold” rating to a “sell” rating in a research note on Tuesday. Lake Street Capital upped their price target on TechTarget from $24.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Zacks Investment Research downgraded TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. TechTarget currently has a consensus rating of “Hold” and a consensus price target of $26.67.
Shares of NASDAQ:TTGT opened at $25.49 on Tuesday. The company has a market capitalization of $713.82 million, a price-to-earnings ratio of 56.64 and a beta of 0.75. TechTarget has a 52 week low of $11.12 and a 52 week high of $30.00. The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $25.95 and a 200 day moving average of $23.05.
Several hedge funds have recently modified their holdings of TTGT. Telemark Asset Management LLC purchased a new stake in shares of TechTarget during the second quarter valued at $8,500,000. Allianz Asset Management GmbH grew its holdings in shares of TechTarget by 633.3% during the second quarter. Allianz Asset Management GmbH now owns 425,135 shares of the information services provider’s stock valued at $9,034,000 after buying an additional 367,159 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of TechTarget during the second quarter valued at $4,176,000. Nuveen Asset Management LLC purchased a new stake in shares of TechTarget during the second quarter valued at $2,592,000. Finally, Morgan Stanley grew its holdings in shares of TechTarget by 1,015.2% during the second quarter. Morgan Stanley now owns 127,391 shares of the information services provider’s stock valued at $2,707,000 after buying an additional 115,968 shares during the last quarter. 73.76% of the stock is currently owned by institutional investors and hedge funds.
TechTarget Company Profile
TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.
Featured Story: How is a price target determined?
Receive News & Ratings for TechTarget Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechTarget and related companies with MarketBeat.com's FREE daily email newsletter.