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.
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.
- Get a free copy of the StockNews.com research report on TechTarget (TTGT)
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