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

TechTarget, Inc. (NASDAQ:TTGT) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $38.17.

TTGT has been the subject of several recent analyst reports. StockNews.com began coverage on shares of TechTarget in a research report on Wednesday, November 27th. They set a “hold” rating for the company. Craig Hallum increased their price target on shares of TechTarget from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Raymond James lowered their price objective on shares of TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. KeyCorp decreased their price target on TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of TechTarget in a research report on Wednesday, November 13th.

TechTarget Stock Performance

Shares of NASDAQ:TTGT opened at $25.29 on Friday. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. TechTarget has a 12-month low of $22.01 and a 12-month high of $41.93. The company’s 50 day moving average price is $28.22 and its two-hundred day moving average price is $28.81. The firm has a market cap of $739.48 million, a PE ratio of -60.21, a PEG ratio of 17.81 and a beta of 1.04.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Tuesday, November 12th. The information services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $58.47 million for the quarter, compared to analyst estimates of $58.14 million. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.13 EPS. Equities research analysts predict that TechTarget will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On TechTarget

Hedge funds and other institutional investors have recently bought and sold shares of the company. BOKF NA acquired a new stake in shares of TechTarget during the second quarter valued at about $239,000. Cornercap Investment Counsel Inc. acquired a new stake in TechTarget during the 3rd quarter worth approximately $245,000. Intech Investment Management LLC bought a new stake in TechTarget during the 3rd quarter worth approximately $257,000. Quest Partners LLC acquired a new position in TechTarget in the 3rd quarter valued at approximately $272,000. Finally, SG Americas Securities LLC bought a new position in shares of TechTarget during the third quarter valued at $307,000. Institutional investors own 93.52% of the company’s stock.

About TechTarget

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.