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

TechTarget, Inc. (NASDAQ:TTGT) has been given a consensus rating of “Hold” by the five research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $10.75.

Several equities research analysts have recently issued reports on TTGT shares. Lake Street Capital reduced their target price on TechTarget from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Wall Street Zen raised shares of TechTarget from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Needham & Company LLC restated a “buy” rating on shares of TechTarget in a report on Thursday, March 12th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of TechTarget in a research note on Wednesday, January 21st.

TechTarget Stock Performance

Shares of TechTarget stock opened at $3.80 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.23. TechTarget has a fifty-two week low of $3.41 and a fifty-two week high of $15.55. The company has a fifty day moving average of $4.70 and a 200 day moving average of $5.25. The company has a market capitalization of $274.70 million, a P/E ratio of -0.27 and a beta of 0.96.

TechTarget (NASDAQ:TTGT) last issued its earnings results on Wednesday, March 11th. The information services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.48). The business had revenue of $140.68 million for the quarter, compared to the consensus estimate of $140.91 million. TechTarget had a negative net margin of 207.13% and a negative return on equity of 14.62%. On average, sell-side analysts anticipate that TechTarget will post -0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TechTarget

A number of large investors have recently bought and sold shares of TTGT. Los Angeles Capital Management LLC bought a new position in TechTarget in the second quarter worth about $90,000. Geode Capital Management LLC increased its stake in TechTarget by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 688,593 shares of the information services provider’s stock valued at $5,351,000 after purchasing an additional 4,953 shares in the last quarter. Intech Investment Management LLC increased its position in shares of TechTarget by 13.4% in the 2nd quarter. Intech Investment Management LLC now owns 13,526 shares of the information services provider’s stock valued at $105,000 after acquiring an additional 1,601 shares during the period. Rhumbline Advisers increased its holdings in shares of TechTarget by 8.0% in the second quarter. Rhumbline Advisers now owns 81,924 shares of the information services provider’s stock valued at $637,000 after purchasing an additional 6,077 shares during the period. Finally, XTX Topco Ltd acquired a new position in TechTarget in the 2nd quarter worth approximately $339,000. 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.