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

StockNews.com began coverage on shares of TechTarget (NASDAQ:TTGT) in a report released on Tuesday morning. The firm issued a hold rating on the information services provider’s stock.

Other equities analysts have also recently issued reports about the company. Craig Hallum lifted their price objective on TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. KeyCorp cut their price objective on shares of TechTarget from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of TechTarget in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, TechTarget currently has an average rating of “Moderate Buy” and a consensus price target of $38.17.

TechTarget Trading Down 4.2 %

Shares of TechTarget stock opened at $18.46 on Tuesday. TechTarget has a 52-week low of $18.30 and a 52-week high of $33.08. The stock has a market cap of $539.68 million, a PE ratio of -43.95, a PEG ratio of 12.04 and a beta of 1.04. The firm has a 50-day moving average of $27.71 and a 200-day moving average of $28.00. 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 (NASDAQ:TTGT) last announced its earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. TechTarget had a negative net margin of 5.34% and a positive return on equity of 5.44%. The firm had revenue of $58.47 million for the quarter, compared to analyst estimates of $58.14 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that TechTarget will post 0.55 EPS for the current year.

Hedge Funds Weigh In On TechTarget

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTGT. BOKF NA acquired a new position in shares of TechTarget during the second quarter worth $239,000. Cornercap Investment Counsel Inc. bought a new stake in TechTarget during the 3rd quarter worth $245,000. Intech Investment Management LLC acquired a new position in TechTarget in the 3rd quarter worth about $257,000. Quest Partners LLC bought a new position in TechTarget in the third quarter valued at about $272,000. Finally, SG Americas Securities LLC acquired a new stake in shares of TechTarget during the third quarter valued at about $307,000. Institutional investors own 93.52% of the company’s stock.

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.