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

Key Points

• Consensus "Hold": Five analysts covering TechTarget give a consensus rating of Hold (2 sell, 3 buy) with an average 12‑month price target of $10.75.
• Earnings miss and weak profitability: TechTarget reported Q EPS of ($0.13) versus a $0.35 consensus and revenue of $140.68M (vs. $140.91M), leaving the company with a negative net margin (207.13%) and negative ROE (-14.62%).
• Heavy institutional ownership: Hedge funds and institutional investors own about 93.52% of the stock, with recent position changes (e.g., Invesco’s stake rose 52.9%), while the share price trades near $3.67 and the market cap is ~$265M.

Shares of TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) have earned a consensus recommendation of "Hold" from the five brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $10.75.

Several analysts recently issued reports on the company. Wall Street Zen raised TechTarget from a "sell" rating to a "hold" rating in a research note on Saturday, March 14th. Needham & Company LLC restated a "buy" rating on shares of TechTarget in a report on Thursday, March 12th. Weiss Ratings restated a "sell (e+)" rating on shares of TechTarget in a report on Wednesday, January 21st. Finally, Lake Street Capital cut their price target on TechTarget from $10.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, March 12th.

TechTarget Stock Down 0.3%

Shares of TTGT opened at $3.67 on Monday. The business's 50 day moving average is $4.22 and its 200 day moving average is $4.98. The company has a market capitalization of $265.32 million, a PE ratio of -0.26 and a beta of 0.91. TechTarget has a 12-month low of $3.41 and a 12-month high of $9.47. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18.

TechTarget (NASDAQ:TTGT - Get Free Report) last issued its earnings results on Wednesday, March 11th. The information services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.48). The business had revenue of $140.68 million for the quarter, compared to the consensus estimate of $140.91 million. TechTarget had a negative net margin of 207.13% and a negative return on equity of 14.62%. Research analysts expect that TechTarget will post -0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TechTarget

Several institutional investors have recently added to or reduced their stakes in TTGT. Geode Capital Management LLC grew its holdings in TechTarget by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 688,593 shares of the information services provider's stock valued at $5,351,000 after buying an additional 4,953 shares in the last quarter. Rhumbline Advisers grew its holdings in TechTarget by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 81,924 shares of the information services provider's stock valued at $637,000 after buying an additional 6,077 shares in the last quarter. Quantbot Technologies LP purchased a new position in TechTarget during the 2nd quarter valued at approximately $209,000. Invesco Ltd. grew its holdings in TechTarget by 52.9% during the 2nd quarter. Invesco Ltd. now owns 67,055 shares of the information services provider's stock valued at $521,000 after buying an additional 23,200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in TechTarget during the 2nd quarter valued at approximately $81,000. Hedge funds and other institutional investors own 93.52% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.