TechTarget (NASDAQ:TTGT) Given New $25.00 Price Target at Needham & Company LLC

TechTarget (NASDAQ:TTGT) had its price objective cut by Needham & Company LLC from $40.00 to $25.00 in a report published on Monday morning, Marketbeat reports. They currently have a buy rating on the information services provider’s stock.

Several other research analysts have also commented on the stock. Raymond James lowered shares of TechTarget from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Craig Hallum decreased their price target on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Lake Street Capital dropped their price target on shares of TechTarget from $36.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, December 30th. StockNews.com assumed coverage on TechTarget in a research note on Monday, February 10th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.00 target price on shares of TechTarget in a report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.00.

TechTarget Stock Up 3.6 %

TechTarget stock opened at $14.81 on Monday. The company has a market capitalization of $432.97 million, a PE ratio of -35.26, a price-to-earnings-growth ratio of 113.92 and a beta of 1.05. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. TechTarget has a fifty-two week low of $13.04 and a fifty-two week high of $35.11. The firm has a 50 day moving average price of $15.58 and a 200 day moving average price of $21.62.

Institutional Investors Weigh In On TechTarget

A number of institutional investors and hedge funds have recently bought and sold shares of TTGT. Barclays PLC boosted its position in shares of TechTarget by 399.1% in the 3rd quarter. Barclays PLC now owns 45,914 shares of the information services provider’s stock valued at $1,123,000 after purchasing an additional 36,714 shares during the period. Impax Asset Management Group plc grew its position in shares of TechTarget by 21.3% during the fourth quarter. Impax Asset Management Group plc now owns 426,387 shares of the information services provider’s stock worth $8,451,000 after acquiring an additional 75,000 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of TechTarget by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 128,412 shares of the information services provider’s stock valued at $2,545,000 after acquiring an additional 6,577 shares during the period. Geode Capital Management LLC raised its position in TechTarget by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock valued at $14,955,000 after purchasing an additional 1,602 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in TechTarget by 19.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider’s stock worth $12,545,000 after purchasing an additional 82,626 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

About TechTarget

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.