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

Shares of TechTarget, Inc. (NASDAQ:TTGT) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $30.14.

TTGT has been the topic of several research analyst reports. 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. Lake Street Capital cut their price target on shares of TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, December 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 price target on shares of TechTarget in a research note on Tuesday, January 21st. Raymond James lowered shares of TechTarget from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of TechTarget in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TTGT. Squarepoint Ops LLC acquired a new position in shares of TechTarget during the fourth quarter worth about $411,000. Royal Bank of Canada increased its stake in shares of TechTarget by 30.3% during the fourth quarter. Royal Bank of Canada now owns 977,777 shares of the information services provider’s stock worth $19,380,000 after acquiring an additional 227,459 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of TechTarget by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,860 shares of the information services provider’s stock worth $295,000 after acquiring an additional 698 shares during the period. LMR Partners LLP increased its stake in shares of TechTarget by 132.2% during the fourth quarter. LMR Partners LLP now owns 50,000 shares of the information services provider’s stock worth $991,000 after acquiring an additional 28,471 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of TechTarget by 49.4% during the fourth quarter. Deutsche Bank AG now owns 24,063 shares of the information services provider’s stock worth $477,000 after acquiring an additional 7,959 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

TechTarget Price Performance

Shares of TTGT opened at $13.18 on Friday. TechTarget has a twelve month low of $13.04 and a twelve month high of $35.11. The firm’s fifty day simple moving average is $16.37 and its 200-day simple moving average is $22.48. The firm has a market capitalization of $385.32 million, a price-to-earnings ratio of -31.38, a PEG ratio of 113.92 and a beta of 1.05. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65.

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.