TechTarget, Inc. (NASDAQ:TTGT) Receives $25.17 Average Price Target from Brokerages

TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $25.17.

A number of research firms have commented on TTGT. Lake Street Capital reduced their target price on TechTarget from $24.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC dropped their price target on TechTarget from $40.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Raymond James cut TechTarget from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Finally, Wall Street Zen upgraded shares of TechTarget from a "sell" rating to a "hold" rating in a research note on Saturday, April 26th.

TechTarget Stock Down 0.4%

Shares of TechTarget stock traded down $0.03 during trading on Friday, reaching $7.13. The company had a trading volume of 332,833 shares, compared to its average volume of 202,246. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. TechTarget has a fifty-two week low of $6.89 and a fifty-two week high of $35.11. The firm's fifty day moving average is $9.09 and its 200-day moving average is $16.22. The company has a market cap of $208.45 million, a price-to-earnings ratio of -16.98, a price-to-earnings-growth ratio of 113.92 and a beta of 1.10.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV boosted its holdings 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 during the period. KLP Kapitalforvaltning AS acquired a new position in TechTarget during the 4th quarter valued at about $103,000. PNC Financial Services Group Inc. grew its position in TechTarget by 18.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,768 shares of the information services provider's stock worth $145,000 after purchasing an additional 1,541 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its position in TechTarget by 26.4% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider's stock worth $169,000 after purchasing an additional 1,780 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of TechTarget in the fourth quarter valued at approximately $173,000. 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.