TechTarget, Inc. (NASDAQ:TTGT - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $7.86, but opened at $6.56. TechTarget shares last traded at $7.33, with a volume of 294,026 shares changing hands.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and set a $15.00 price target on shares of TechTarget in a research report on Wednesday. JPMorgan Chase & Co. cut TechTarget from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $18.00 to $8.00 in a report on Tuesday, June 10th. Wall Street Zen upgraded TechTarget from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th. Lake Street Capital cut their price target on TechTarget from $12.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Finally, Craig Hallum initiated coverage on TechTarget in a research report on Monday, June 9th. They set a "buy" rating and a $12.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, TechTarget currently has a consensus rating of "Hold" and a consensus target price of $19.33.
Read Our Latest Stock Analysis on TTGT
TechTarget Stock Performance
The firm's 50 day moving average price is $7.60 and its two-hundred day moving average price is $12.37. The firm has a market cap of $488.63 million, a PE ratio of -16.27 and a beta of 1.02.
Institutional Investors Weigh In On TechTarget
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTGT. KLP Kapitalforvaltning AS purchased a new position in shares of TechTarget during the 4th quarter worth $103,000. PNC Financial Services Group Inc. raised its holdings 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 valued at $145,000 after buying an additional 1,541 shares during the period. Quantbot Technologies LP acquired a new position in TechTarget in the fourth quarter valued at about $173,000. Louisiana State Employees Retirement System purchased a new position in TechTarget during the first quarter worth about $190,000. Finally, Boston Partners acquired a new stake in shares of TechTarget during the first quarter valued at about $202,000. Institutional investors and hedge funds own 93.52% of the company's stock.
About TechTarget
(
Get Free Report)
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.
Featured Articles
Before you consider TechTarget, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TechTarget wasn't on the list.
While TechTarget currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
