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

Shares of TechTarget, Inc. (NASDAQ:TTGT – Get Rating) have received an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $100.83.

A number of research firms have weighed in on TTGT. Raymond James reduced their target price on TechTarget from $112.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 11th. Zacks Investment Research lowered TechTarget from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft reduced their target price on TechTarget from $105.00 to $100.00 and set a “buy” rating for the company in a report on Friday, February 11th. TheStreet lowered TechTarget from a “b” rating to a “c” rating in a report on Thursday, February 10th. Finally, StockNews.com started coverage on TechTarget in a report on Thursday, March 31st. They set a “hold” rating for the company.

TechTarget stock traded down $0.15 during midday trading on Friday, reaching $67.30. The stock had a trading volume of 125,386 shares, compared to its average volume of 194,735. TechTarget has a 12 month low of $56.83 and a 12 month high of $111.44. The firm’s 50-day moving average price is $73.47 and its 200 day moving average price is $83.11. The firm has a market capitalization of $1.99 billion, a PE ratio of 395.88 and a beta of 1.04. The company has a quick ratio of 6.91, a current ratio of 6.91 and a debt-to-equity ratio of 1.88.

TechTarget (NASDAQ:TTGT – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. TechTarget had a return on equity of 21.03% and a net margin of 2.26%. The business had revenue of $68.17 million for the quarter, compared to analysts’ expectations of $66.33 million. During the same period in the previous year, the business posted $0.26 EPS. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. Equities research analysts expect that TechTarget will post 1.64 EPS for the current year.

In other TechTarget news, Director Don Hawk sold 4,819 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $77.28, for a total value of $372,412.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.45% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TTGT. UMB Bank N A MO bought a new position in shares of TechTarget during the fourth quarter valued at approximately $27,000. First Horizon Advisors Inc. raised its holdings in shares of TechTarget by 820.6% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the information services provider’s stock valued at $49,000 after acquiring an additional 517 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of TechTarget by 93.6% during the fourth quarter. Advisors Asset Management Inc. now owns 546 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 264 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of TechTarget by 70.6% during the first quarter. Captrust Financial Advisors now owns 1,612 shares of the information services provider’s stock valued at $131,000 after acquiring an additional 667 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of TechTarget by 171.4% during the fourth quarter. Spire Wealth Management now owns 1,900 shares of the information services provider’s stock valued at $182,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

TechTarget Company Profile (Get Rating)

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. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.

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