Brokerages Set TechTarget, Inc. (NASDAQ:TTGT) PT at $10.75

TechTarget, Inc. (NASDAQ:TTGT) has been assigned an average rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.75.

Several brokerages have recently issued reports on TTGT. Weiss Ratings reiterated a “sell (e+)” rating on shares of TechTarget in a research note on Monday, April 20th. Lake Street Capital lowered their target price on shares of TechTarget from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Needham & Company LLC restated a “buy” rating on shares of TechTarget in a research note on Thursday, March 12th. Finally, Wall Street Zen upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a report on Saturday, March 14th.

TechTarget Stock Down 8.5%

Shares of TechTarget stock opened at $3.87 on Tuesday. The firm has a market cap of $279.80 million, a price-to-earnings ratio of -0.50 and a beta of 1.12. The company has a 50-day moving average of $4.76 and a 200 day moving average of $4.84. TechTarget has a 1 year low of $3.41 and a 1 year high of $9.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.15 and a quick ratio of 1.15.

TechTarget (NASDAQ:TTGT) last issued its earnings results on Thursday, May 7th. The information services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.59). The firm had revenue of $106.05 million during the quarter, compared to the consensus estimate of $104.93 million. TechTarget had a positive return on equity of 5.19% and a negative net margin of 113.65%.

Hedge Funds Weigh In On TechTarget

Several institutional investors have recently made changes to their positions in TTGT. BNP Paribas Financial Markets grew its holdings in TechTarget by 103.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,658 shares of the information services provider’s stock valued at $33,000 after buying an additional 2,877 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of TechTarget during the fourth quarter valued at about $55,000. CWM LLC raised its position in shares of TechTarget by 454.8% in the 4th quarter. CWM LLC now owns 10,664 shares of the information services provider’s stock valued at $58,000 after purchasing an additional 8,742 shares during the last quarter. Graham Capital Management L.P. purchased a new position in shares of TechTarget in the 4th quarter valued at approximately $58,000. Finally, Quotient Wealth Partners LLC acquired a new position in TechTarget in the 4th quarter worth approximately $59,000. Institutional investors own 93.52% of the company’s stock.

TechTarget Company Profile

TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget’s offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.

The company’s core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.