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

TechTarget, Inc. (NASDAQ:TTGT) has been given a consensus rating of “Hold” by the six research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $11.25.

Several research firms have commented on TTGT. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of TechTarget in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of TechTarget in a research report on Wednesday, January 21st.

TechTarget Price Performance

NASDAQ TTGT opened at $5.37 on Wednesday. The company has a market cap of $387.50 million, a PE ratio of -3.10 and a beta of 0.87. The firm’s 50 day moving average price is $5.29 and its 200-day moving average price is $5.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.13. TechTarget has a 52-week low of $4.63 and a 52-week high of $18.69.

Institutional Trading of TechTarget

Several large investors have recently bought and sold shares of the stock. Trigran Investments Inc. grew its holdings in shares of TechTarget by 0.8% during the third quarter. Trigran Investments Inc. now owns 5,013,868 shares of the information services provider’s stock valued at $29,131,000 after buying an additional 39,434 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of TechTarget by 103.7% during the third quarter. Rice Hall James & Associates LLC now owns 1,299,526 shares of the information services provider’s stock worth $7,550,000 after purchasing an additional 661,502 shares during the period. Millennium Management LLC boosted its position in TechTarget by 1,881.8% in the third quarter. Millennium Management LLC now owns 1,242,193 shares of the information services provider’s stock valued at $7,217,000 after buying an additional 1,179,513 shares during the last quarter. EVR Research LP acquired a new position in TechTarget in the 3rd quarter worth approximately $5,868,000. Finally, Impax Asset Management Group plc raised its position in TechTarget by 68.9% during the 2nd quarter. Impax Asset Management Group plc now owns 888,887 shares of the information services provider’s stock worth $6,907,000 after buying an additional 362,500 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

About TechTarget

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.