TechTarget, Inc. (NASDAQ:TTGT) Receives Consensus Rating of “Hold” from Analysts

TechTarget, Inc. (NASDAQ:TTGT) has been assigned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $11.25.

A number of equities analysts have weighed in on TTGT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of TechTarget in a report on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of TechTarget in a report on Tuesday, November 11th.

TechTarget Trading Down 4.3%

NASDAQ:TTGT opened at $5.17 on Friday. TechTarget has a 52-week low of $4.63 and a 52-week high of $20.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $5.26 and a 200-day simple moving average of $6.06. The company has a market capitalization of $373.07 million, a PE ratio of -2.99 and a beta of 0.87.

Institutional Trading of TechTarget

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Worth Venture Partners LLC increased its position in TechTarget by 78.7% in the 3rd quarter. Worth Venture Partners LLC now owns 75,327 shares of the information services provider’s stock valued at $438,000 after acquiring an additional 33,165 shares during the period. Millennium Management LLC boosted its position in TechTarget by 1,881.8% during the 3rd quarter. Millennium Management LLC now owns 1,242,193 shares of the information services provider’s stock worth $7,217,000 after acquiring an additional 1,179,513 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of TechTarget in the third quarter worth $192,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of TechTarget by 32.3% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,480 shares of the information services provider’s stock valued at $578,000 after purchasing an additional 24,309 shares during the period. Finally, Two Sigma Investments LP bought a new stake in shares of TechTarget during the third quarter valued at about $967,000. 93.52% of the stock is owned by institutional investors.

TechTarget Company Profile

TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget’s offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.

The company’s core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.