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

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

A number of other analysts have also weighed in on TTGT. KeyCorp reduced their price objective on shares of TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of TechTarget in a report on Wednesday, November 13th. Finally, Craig Hallum increased their target price on TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.17.

TechTarget Trading Up 2.3 %

Shares of NASDAQ:TTGT opened at $18.89 on Tuesday. TechTarget has a 12-month low of $18.26 and a 12-month high of $33.08. The company has a market cap of $552.25 million, a PE ratio of -44.98, a price-to-earnings-growth ratio of 12.04 and a beta of 1.04. The stock has a 50 day moving average of $27.34 and a 200 day moving average of $27.85. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65.

TechTarget (NASDAQ:TTGT) last issued its earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $58.47 million during the quarter, compared to analyst estimates of $58.14 million. TechTarget had a negative net margin of 5.34% and a positive return on equity of 5.44%. TechTarget’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. As a group, equities research analysts expect that TechTarget will post 0.55 EPS for the current year.

Institutional Trading of TechTarget

A number of hedge funds and other institutional investors have recently modified their holdings of TTGT. BOKF NA purchased a new stake in TechTarget in the second quarter valued at approximately $239,000. Cornercap Investment Counsel Inc. acquired a new position in shares of TechTarget during the third quarter worth $245,000. Intech Investment Management LLC acquired a new position in TechTarget in the third quarter valued at approximately $257,000. Quest Partners LLC purchased a new position in shares of TechTarget during the third quarter worth about $272,000. Finally, SG Americas Securities LLC purchased a new position in TechTarget during the 3rd quarter worth approximately $307,000. 93.52% of the stock is owned by institutional investors and hedge funds.

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.