Recent Analysts’ Ratings Updates for TechTarget (TTGT)

Several analysts have recently updated their ratings and price targets for TechTarget (NASDAQ: TTGT):

• 11/27/2024 – TechTarget is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/14/2024 – TechTarget had its price target lowered by analysts at KeyCorp from $38.00 to $37.00. They now have an “overweight” rating on the stock.
• 11/13/2024 – TechTarget had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $40.00 price target on the stock.
• 11/13/2024 – TechTarget had its price target raised by analysts at Craig Hallum from $36.00 to $40.00. They now have a “buy” rating on the stock.
• 10/15/2024 – TechTarget was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $36.00 price target on the stock, up previously from $34.00.

TechTarget Price Performance

TTGT traded up $0.91 during trading on Friday, reaching $32.11. The company’s stock had a trading volume of 58,567 shares, compared to its average volume of 129,672. The company has a market cap of $938.90 million, a price-to-earnings ratio of -76.45, a PEG ratio of 17.61 and a beta of 1.03. The firm has a fifty day simple moving average of $27.91 and a two-hundred day simple moving average of $28.84. TechTarget, Inc. has a 1 year low of $22.82 and a 1 year high of $41.93. 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 (NASDAQ:TTGT) last released its quarterly earnings data on Tuesday, November 12th. The information services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The company had revenue of $58.47 million for the quarter, compared to analyst estimates of $58.14 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts anticipate that TechTarget, Inc. will post 0.55 EPS for the current year.

Hedge Funds Weigh In On TechTarget

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its holdings in shares of TechTarget by 152.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 160,370 shares of the information services provider’s stock worth $3,921,000 after buying an additional 96,896 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of TechTarget by 19.2% during the third quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider’s stock valued at $12,545,000 after acquiring an additional 82,626 shares during the last quarter. Impax Asset Management Group plc increased its holdings in TechTarget by 24.9% in the 3rd quarter. Impax Asset Management Group plc now owns 351,387 shares of the information services provider’s stock valued at $8,591,000 after purchasing an additional 70,000 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its position in TechTarget by 31.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 277,282 shares of the information services provider’s stock valued at $6,780,000 after purchasing an additional 66,766 shares during the period. Finally, FMR LLC lifted its stake in TechTarget by 2.5% during the third quarter. FMR LLC now owns 2,455,705 shares of the information services provider’s stock worth $60,042,000 after purchasing an additional 60,191 shares in the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.

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.