TechTarget, Inc. (NASDAQ:TTGT) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $26.29.

A number of research firms recently issued reports on TTGT. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $18.00 price objective on shares of TechTarget in a report on Tuesday, January 21st. Needham & Company LLC decreased their price target on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Lake Street Capital lowered their price objective on shares of TechTarget from $24.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Craig Hallum reduced their target price on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com raised shares of TechTarget from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th.

Institutional Trading of TechTarget

A number of large investors have recently added to or reduced their stakes in TTGT. KBC Group NV increased its stake in shares of TechTarget by 79.1% during the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider's stock worth $43,000 after purchasing an additional 962 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in TechTarget in the fourth quarter valued at approximately $103,000. MeadowBrook Investment Advisors LLC boosted its stake in shares of TechTarget by 26.4% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider's stock worth $169,000 after acquiring an additional 1,780 shares during the period. Quantbot Technologies LP acquired a new position in shares of TechTarget during the 4th quarter worth approximately $173,000. Finally, Louisiana State Employees Retirement System bought a new stake in TechTarget in the 1st quarter valued at $190,000. Institutional investors and hedge funds own 93.52% of the company's stock.

TechTarget Stock Up 3.6 %

Shares of NASDAQ:TTGT traded up $0.29 during midday trading on Monday, reaching $8.30. 46,508 shares of the company were exchanged, compared to its average volume of 190,829. The firm has a market cap of $242.65 million, a PE ratio of -19.68, a P/E/G ratio of 113.92 and a beta of 1.03. TechTarget has a fifty-two week low of $6.95 and a fifty-two week high of $35.11. The stock has a fifty day simple moving average of $11.44 and a two-hundred day simple moving average of $18.98. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65.

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.