TechTarget, Inc. (NASDAQ:TTGT) Given Average Rating of "Hold" by Analysts

Key Points

• Hold consensus — five analysts give an average "Hold" rating (two sell, three buy) and the 1-year average price target is $10.75.
• Recent quarter showed a sizable profitability miss: EPS of ($0.98) vs. consensus ($0.39) while revenue was $106.05M, and the company reported a negative net margin (-207.13%).
• Institutional investors and hedge funds own 93.52% of the stock (with recent large buys by firms like Millennium Management); the shares trade around $6.47 with a market cap of about $468M and a 52-week range of $3.41–$9.47.

TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) has received an average rating of "Hold" from the five ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.75.

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of TechTarget from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. Lake Street Capital cut their price objective on shares of TechTarget from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, March 12th. Needham & Company LLC reaffirmed a "buy" rating on shares of TechTarget in a research note on Thursday, March 12th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of TechTarget in a report on Monday, April 20th.

Hedge Funds Weigh In On TechTarget

A number of large investors have recently bought and sold shares of the company. Millennium Management LLC boosted its stake in TechTarget by 1,881.8% in the 3rd quarter. Millennium Management LLC now owns 1,242,193 shares of the information services provider's stock valued at $7,217,000 after purchasing an additional 1,179,513 shares during the period. EVR Research LP bought a new position in TechTarget in the third quarter valued at approximately $5,868,000. Rice Hall James & Associates LLC raised its holdings in shares of TechTarget by 34.3% during the 4th quarter. Rice Hall James & Associates LLC now owns 1,745,806 shares of the information services provider's stock worth $9,427,000 after buying an additional 446,280 shares in the last quarter. Impax Asset Management Group plc raised its stake in TechTarget by 39.4% during the fourth quarter. Impax Asset Management Group plc now owns 1,238,887 shares of the information services provider's stock worth $6,690,000 after acquiring an additional 350,000 shares in the last quarter. Finally, Lynrock Lake LP lifted its holdings in shares of TechTarget by 8.4% in the fourth quarter. Lynrock Lake LP now owns 3,385,913 shares of the information services provider's stock worth $18,284,000 after acquiring an additional 262,092 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

TechTarget Trading Up 8.7%

NASDAQ:TTGT opened at $6.47 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.23 and a quick ratio of 1.23. The business's 50-day simple moving average is $4.31 and its 200-day simple moving average is $4.92. TechTarget has a fifty-two week low of $3.41 and a fifty-two week high of $9.47. The stock has a market capitalization of $467.78 million, a PE ratio of -0.46 and a beta of 1.20.

TechTarget (NASDAQ:TTGT - Get Free Report) last posted its earnings results 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). The business had revenue of $106.05 million for the quarter, compared to the consensus estimate of $104.93 million. TechTarget had a negative return on equity of 14.62% and a negative net margin of 207.13%.

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.

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