TechTarget, Inc. (NASDAQ:TTGT) Given Consensus Recommendation of "Hold" by Analysts

Shares of TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) have been assigned a consensus rating of "Hold" from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $40.33.

Several brokerages recently issued reports on TTGT. UBS Group upgraded TechTarget from a "neutral" rating to a "buy" rating and upped their price target for the stock from $31.00 to $45.00 in a report on Wednesday, January 31st. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of TechTarget in a research report on Thursday, February 8th. Raymond James boosted their price objective on TechTarget from $31.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, January 12th. KeyCorp cut their price objective on TechTarget from $58.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, January 22nd. Finally, TheStreet cut TechTarget from a "c" rating to a "d+" rating in a research report on Wednesday, February 7th.

TechTarget Stock Down 0.7 %

TechTarget stock traded down $0.18 during trading on Thursday, hitting $27.25. 95,615 shares of the company were exchanged, compared to its average volume of 149,695. The business's 50 day moving average is $31.52 and its 200 day moving average is $31.20. TechTarget has a 52 week low of $23.43 and a 52 week high of $41.93. The company has a market capitalization of $777.99 million, a P/E ratio of 171.45, a PEG ratio of 8.31 and a beta of 0.94. The company has a current ratio of 10.04, a quick ratio of 10.04 and a debt-to-equity ratio of 1.84.

TechTarget (NASDAQ:TTGT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. TechTarget had a return on equity of 8.53% and a net margin of 1.94%. The business had revenue of $57.29 million during the quarter, compared to the consensus estimate of $56.73 million. Analysts predict that TechTarget will post 0.62 earnings per share for the current year.

Insider Activity

In other news, COO Steven Niemiec sold 13,608 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total transaction of $438,177.60. Following the transaction, the chief operating officer now owns 40,755 shares of the company's stock, valued at approximately $1,312,311. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Rebecca Kitchens sold 13,666 shares of the business's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total transaction of $440,045.20. Following the sale, the president now directly owns 53,920 shares in the company, valued at approximately $1,736,224. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Steven Niemiec sold 13,608 shares of the business's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total value of $438,177.60. Following the sale, the chief operating officer now owns 40,755 shares in the company, valued at $1,312,311. The disclosure for this sale can be found here. Insiders own 9.90% of the company's stock.

Institutional Trading of TechTarget

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of TechTarget by 3.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,557 shares of the information services provider's stock valued at $369,000 after purchasing an additional 324 shares during the period. Barclays PLC raised its stake in shares of TechTarget by 210.2% during the 4th quarter. Barclays PLC now owns 40,282 shares of the information services provider's stock valued at $1,405,000 after purchasing an additional 27,297 shares during the period. Public Sector Pension Investment Board raised its stake in shares of TechTarget by 71.3% during the 4th quarter. Public Sector Pension Investment Board now owns 53,598 shares of the information services provider's stock valued at $1,868,000 after purchasing an additional 22,307 shares during the period. Royal Bank of Canada raised its stake in shares of TechTarget by 12.7% during the 4th quarter. Royal Bank of Canada now owns 708,480 shares of the information services provider's stock valued at $24,697,000 after purchasing an additional 79,872 shares during the period. Finally, Sei Investments Co. raised its stake in shares of TechTarget by 4.3% during the 4th quarter. Sei Investments Co. now owns 31,421 shares of the information services provider's stock valued at $1,095,000 after purchasing an additional 1,289 shares during the period. 93.52% of the stock is currently owned by institutional investors.

TechTarget Company Profile

TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.