TechTarget (NASDAQ:TTGT) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of TechTarget (NASDAQ:TTGT) in a research note issued on Thursday. The firm set a “hold” rating on the information services provider’s stock.

Other analysts also recently issued reports about the company. Craig Hallum raised their price target on TechTarget from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of TechTarget in a research report on Wednesday, November 13th. Raymond James lowered their price target on TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Finally, KeyCorp lowered their price target on TechTarget from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.17.

TechTarget Stock Down 3.2 %

NASDAQ TTGT opened at $24.47 on Thursday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. The company has a market capitalization of $715.50 million, a P/E ratio of -58.26, a P/E/G ratio of 17.81 and a beta of 1.04. TechTarget has a one year low of $22.01 and a one year high of $41.93. The stock has a 50 day moving average price of $28.24 and a 200-day moving average price of $28.78.

TechTarget (NASDAQ:TTGT) last posted its earnings results on Tuesday, November 12th. The information services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $58.47 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. As a group, equities analysts predict that TechTarget will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On TechTarget

Several institutional investors have recently made changes to their positions in the company. Barclays PLC increased its stake in shares of TechTarget by 399.1% during the third quarter. Barclays PLC now owns 45,914 shares of the information services provider’s stock valued at $1,123,000 after buying an additional 36,714 shares during the period. Geode Capital Management LLC increased its stake in shares of TechTarget by 0.3% during the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock valued at $14,955,000 after buying an additional 1,602 shares during the period. M&T Bank Corp increased its stake in shares of TechTarget by 54.0% during the third quarter. M&T Bank Corp now owns 32,523 shares of the information services provider’s stock valued at $795,000 after buying an additional 11,398 shares during the period. Jane Street Group LLC increased its stake in shares of TechTarget by 15.4% during the third quarter. Jane Street Group LLC now owns 37,290 shares of the information services provider’s stock valued at $912,000 after buying an additional 4,988 shares during the period. Finally, ArrowMark Colorado Holdings LLC increased its stake in shares of TechTarget by 31.7% during 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 buying an additional 66,766 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

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.