Analysts Set TechTarget, Inc. (NASDAQ:TTGT) PT at $26.29

Shares of TechTarget, Inc. (NASDAQ:TTGT) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $26.29.

Several equities analysts have commented on TTGT shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.00 price target on shares of TechTarget in a report on Tuesday, January 21st. Craig Hallum cut their price target on TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Needham & Company LLC cut their price target on TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a report on Monday, March 31st. Lake Street Capital dropped their target price on TechTarget from $24.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Finally, StockNews.com raised TechTarget from a “sell” rating to a “hold” rating in a report on Saturday, April 26th.

Hedge Funds Weigh In On TechTarget

A number of hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new stake in TechTarget during the 1st quarter valued at $3,921,000. Royal Bank of Canada increased its holdings in TechTarget by 30.3% during the 4th quarter. Royal Bank of Canada now owns 977,777 shares of the information services provider’s stock valued at $19,380,000 after purchasing an additional 227,459 shares in the last quarter. Advisory Research Inc. acquired a new stake in TechTarget during the 4th quarter valued at $2,364,000. Envestnet Asset Management Inc. increased its holdings in TechTarget by 35.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 395,134 shares of the information services provider’s stock valued at $5,852,000 after purchasing an additional 102,716 shares in the last quarter. Finally, Impax Asset Management Group plc increased its holdings in TechTarget by 23.5% during the 1st quarter. Impax Asset Management Group plc now owns 526,387 shares of the information services provider’s stock valued at $7,796,000 after purchasing an additional 100,000 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

TechTarget Trading Up 2.6 %

TechTarget stock opened at $7.97 on Monday. The business has a 50 day moving average price of $11.57 and a two-hundred day moving average price of $19.10. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. The stock has a market cap of $233.00 million, a price-to-earnings ratio of -18.98, a price-to-earnings-growth ratio of 113.92 and a beta of 1.03. TechTarget has a 12 month low of $6.95 and a 12 month high of $35.11.

About TechTarget

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.