TechTarget (NASDAQ:TTGT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of TechTarget (NASDAQ:TTGT) in a research report released on Sunday morning. The brokerage issued a hold rating on the information services provider’s stock.

TTGT has been the topic of a number of other research reports. KeyCorp dropped their price objective on TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $18.00 price objective on shares of TechTarget in a report on Tuesday, January 21st. Lake Street Capital reduced their price objective on shares of TechTarget from $36.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, December 30th. Craig Hallum cut their price target on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of TechTarget in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, TechTarget presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.14.

TechTarget Stock Up 2.6 %

Shares of NASDAQ:TTGT opened at $17.53 on Friday. TechTarget has a fifty-two week low of $16.59 and a fifty-two week high of $33.08. The firm’s 50 day moving average price is $20.53 and its 200 day moving average price is $25.14. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. The stock has a market cap of $512.58 million, a price-to-earnings ratio of -41.74, a price-to-earnings-growth ratio of 131.00 and a beta of 1.03.

TechTarget (NASDAQ:TTGT) last announced its quarterly earnings data on Tuesday, November 12th. The information services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $58.47 million for the quarter, compared to analyst estimates of $58.14 million. TechTarget had a negative net margin of 5.34% and a positive return on equity of 5.44%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. As a group, equities research analysts predict that TechTarget will post -0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in shares of TechTarget by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider’s stock worth $311,000 after buying an additional 430 shares during the period. KBC Group NV raised its stake in TechTarget by 79.1% during the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 962 shares during the last quarter. Geode Capital Management LLC lifted its position in TechTarget by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock worth $14,955,000 after acquiring an additional 1,602 shares during the period. Sei Investments Co. grew its stake in shares of TechTarget by 5.1% in the 2nd quarter. Sei Investments Co. now owns 34,543 shares of the information services provider’s stock valued at $1,077,000 after purchasing an additional 1,690 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC increased its holdings in shares of TechTarget by 26.4% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock valued at $169,000 after purchasing an additional 1,780 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

TechTarget Company Profile

TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.