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

TechTarget, Inc. (NASDAQ:TTGT) has received a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $10.75.

Several analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating on shares of TechTarget in a research report on Thursday, March 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TechTarget in a research report on Monday, April 20th. Lake Street Capital dropped their price target on TechTarget from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Wall Street Zen upgraded TechTarget from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th.

Institutional Trading of TechTarget

Large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in TechTarget by 10.3% during the first quarter. Bank of America Corp DE now owns 927,761 shares of the information services provider’s stock worth $3,600,000 after buying an additional 86,836 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in TechTarget by 23.6% during the first quarter. Rice Hall James & Associates LLC now owns 2,158,390 shares of the information services provider’s stock worth $8,375,000 after buying an additional 412,584 shares in the last quarter. Sei Investments Co. lifted its position in TechTarget by 43.8% during the first quarter. Sei Investments Co. now owns 36,108 shares of the information services provider’s stock worth $140,000 after buying an additional 10,994 shares in the last quarter. Cetera Investment Advisers lifted its position in TechTarget by 11.0% during the first quarter. Cetera Investment Advisers now owns 45,020 shares of the information services provider’s stock worth $175,000 after buying an additional 4,452 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in TechTarget by 48.5% during the first quarter. Inspire Investing LLC now owns 130,780 shares of the information services provider’s stock worth $507,000 after buying an additional 42,712 shares in the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

TechTarget Stock Up 4.1%

Shares of TTGT opened at $4.78 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 1.15. TechTarget has a one year low of $3.41 and a one year high of $9.00. The stock has a market capitalization of $345.59 million, a price-to-earnings ratio of -0.62 and a beta of 1.13. The stock has a 50 day moving average price of $4.72 and a 200 day moving average price of $4.86.

TechTarget (NASDAQ:TTGT) last issued its quarterly earnings results on Thursday, May 7th. The information services provider reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.59). TechTarget had a positive return on equity of 5.19% and a negative net margin of 113.65%.The firm had revenue of $106.05 million for the quarter, compared to analysts’ expectations of $104.93 million.

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.