Shares of TechTarget, Inc. (NASDAQ:TTGT) have earned a consensus rating of “Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $10.50.

Several research firms recently issued reports on TTGT. BidaskClub lowered TechTarget from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine raised TechTarget from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised TechTarget from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Friday, May 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $11.00 price target (up previously from $10.00) on shares of TechTarget in a research note on Sunday, May 14th. Finally, Needham & Company LLC lifted their price target on TechTarget from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, May 11th.

Shares of TechTarget (NASDAQ:TTGT) traded up 0.50% during mid-day trading on Monday, hitting $10.02. The company had a trading volume of 29,776 shares. TechTarget has a one year low of $6.73 and a one year high of $10.59. The company’s 50-day moving average is $9.58 and its 200 day moving average is $9.07. The company has a market capitalization of $274.99 million, a PE ratio of 119.29 and a beta of 1.54.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The company had revenue of $23.60 million during the quarter, compared to analyst estimates of $23.16 million. TechTarget had a return on equity of 2.19% and a net margin of 2.32%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts forecast that TechTarget will post $0.36 EPS for the current fiscal year.

In related news, CEO Michael Cotoia sold 18,413 shares of the business’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $9.17, for a total transaction of $168,847.21. Following the transaction, the chief executive officer now owns 194,768 shares in the company, valued at approximately $1,786,022.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Kevin Beam sold 17,281 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $9.19, for a total value of $158,812.39. Following the transaction, the president now owns 554,425 shares in the company, valued at approximately $5,095,165.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,842 shares of company stock worth $1,003,711. Company insiders own 30.19% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TTGT. Punch & Associates Investment Management Inc. increased its position in TechTarget by 1.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 983,147 shares of the information services provider’s stock worth $8,878,000 after buying an additional 11,704 shares during the period. Ariel Investments LLC increased its position in TechTarget by 6.1% in the first quarter. Ariel Investments LLC now owns 915,788 shares of the information services provider’s stock worth $8,270,000 after buying an additional 52,318 shares during the period. Renaissance Technologies LLC increased its position in TechTarget by 28.8% in the fourth quarter. Renaissance Technologies LLC now owns 603,700 shares of the information services provider’s stock worth $5,150,000 after buying an additional 135,148 shares during the period. Dimensional Fund Advisors LP increased its position in TechTarget by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 576,669 shares of the information services provider’s stock worth $5,207,000 after buying an additional 21,785 shares during the period. Finally, River Road Asset Management LLC purchased a new position in TechTarget during the first quarter worth $3,479,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

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About TechTarget

TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.

Analyst Recommendations for TechTarget (NASDAQ:TTGT)

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