TechTarget (NASDAQ:TTGT) Given New $15.00 Price Target at Needham & Company LLC

TechTarget (NASDAQ:TTGT - Get Free Report) had its price target decreased by equities research analysts at Needham & Company LLC from $25.00 to $15.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the information services provider's stock. Needham & Company LLC's price objective would indicate a potential upside of 115.21% from the stock's previous close.

Several other research analysts have also weighed in on TTGT. Wall Street Zen raised TechTarget from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th. Raymond James lowered TechTarget from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Finally, Lake Street Capital cut their target price on TechTarget from $24.00 to $12.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.50.

TechTarget Trading Down 16.7%

Shares of TechTarget stock traded down $1.40 during trading hours on Thursday, reaching $6.97. 932,965 shares of the company's stock were exchanged, compared to its average volume of 216,083. TechTarget has a 52-week low of $6.81 and a 52-week high of $35.11. The firm has a market capitalization of $203.77 million, a price-to-earnings ratio of -16.60, a price-to-earnings-growth ratio of 113.92 and a beta of 1.10. The company has a fifty day moving average of $8.24 and a 200-day moving average of $15.27. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65.

Institutional Trading of TechTarget

Several large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of TechTarget by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,860 shares of the information services provider's stock valued at $295,000 after acquiring an additional 698 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of TechTarget by 3.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 22,199 shares of the information services provider's stock valued at $440,000 after acquiring an additional 747 shares in the last quarter. State of Tennessee Department of Treasury grew its stake in shares of TechTarget by 8.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider's stock valued at $239,000 after acquiring an additional 910 shares in the last quarter. KBC Group NV grew its stake in shares of TechTarget by 79.1% during the fourth quarter. KBC Group NV now owns 2,178 shares of the information services provider's stock valued at $43,000 after acquiring an additional 962 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of TechTarget by 18.7% during the first quarter. PNC Financial Services Group Inc. now owns 9,768 shares of the information services provider's stock valued at $145,000 after acquiring an additional 1,541 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

About TechTarget

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.