TechTarget (NASDAQ:TTGT) Upgraded at StockNews.com

StockNews.com upgraded shares of TechTarget (NASDAQ:TTGT) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other analysts have also recently issued reports on TTGT. Needham & Company LLC decreased their target price on TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Craig Hallum lowered their target price on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Raymond James cut shares of TechTarget from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Lake Street Capital dropped their price objective on shares of TechTarget from $24.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 target price on shares of TechTarget in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, TechTarget currently has an average rating of “Moderate Buy” and a consensus target price of $26.29.

TechTarget Price Performance

Shares of TTGT opened at $7.71 on Friday. The firm has a fifty day moving average price of $11.98 and a 200 day moving average price of $19.39. The stock has a market cap of $225.40 million, a PE ratio of -18.36, a price-to-earnings-growth ratio of 113.92 and a beta of 1.03. TechTarget has a 1-year low of $6.95 and a 1-year high of $35.11. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49.

Institutional Investors Weigh In On TechTarget

Institutional investors have recently added to or reduced their stakes in the business. KBC Group NV raised its stake in shares of TechTarget by 79.1% during the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock worth $43,000 after buying an additional 962 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in TechTarget in the fourth quarter worth $103,000. MeadowBrook Investment Advisors LLC lifted its holdings in TechTarget by 26.4% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock valued at $169,000 after acquiring an additional 1,780 shares during the period. Quantbot Technologies LP purchased a new stake in shares of TechTarget during the 4th quarter worth $173,000. Finally, State of Tennessee Department of Treasury grew its stake in shares of TechTarget by 8.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider’s stock worth $239,000 after purchasing an additional 910 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.