TechTarget, Inc. (NASDAQ:TTGT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of TechTarget, Inc. (NASDAQ:TTGT) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.25.

A number of equities analysts have weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of TechTarget in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (e+)” rating on shares of TechTarget in a research report on Wednesday, January 21st.

TechTarget Trading Down 0.8%

Shares of TTGT stock opened at $4.77 on Friday. The stock has a 50 day simple moving average of $5.26 and a 200-day simple moving average of $5.55. TechTarget has a 1-year low of $4.63 and a 1-year high of $15.55. The company has a market cap of $344.20 million, a price-to-earnings ratio of -2.76 and a beta of 0.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13.

Hedge Funds Weigh In On TechTarget

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Trigran Investments Inc. boosted its stake in shares of TechTarget by 0.8% in the third quarter. Trigran Investments Inc. now owns 5,013,868 shares of the information services provider’s stock worth $29,131,000 after acquiring an additional 39,434 shares during the last quarter. Lynrock Lake LP lifted its holdings in TechTarget by 8.4% in the 4th quarter. Lynrock Lake LP now owns 3,385,913 shares of the information services provider’s stock valued at $18,284,000 after purchasing an additional 262,092 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in TechTarget by 34.3% during the 4th quarter. Rice Hall James & Associates LLC now owns 1,745,806 shares of the information services provider’s stock worth $9,427,000 after purchasing an additional 446,280 shares during the last quarter. Millennium Management LLC boosted its stake 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 purchasing an additional 1,179,513 shares during the last quarter. Finally, Impax Asset Management Group plc grew its holdings in shares of TechTarget by 39.4% during the fourth quarter. Impax Asset Management Group plc now owns 1,238,887 shares of the information services provider’s stock worth $6,690,000 after buying an additional 350,000 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

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.