TechTarget, Inc. (NASDAQ:TTGT) Receives $11.25 Consensus Target Price from Brokerages

by · The Markets Daily

TechTarget, Inc. (NASDAQ:TTGT – Get Free Report) has earned an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.25.

Several brokerages have issued reports on TTGT. Weiss Ratings reissued a “sell (e+)” rating on shares of TechTarget in a research note on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of TechTarget in a research note on Tuesday, November 11th.

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Hedge Funds Weigh In On TechTarget

Several institutional investors have recently made changes to their positions in TTGT. Worth Venture Partners LLC boosted its position in shares of TechTarget by 78.7% during the 3rd quarter. Worth Venture Partners LLC now owns 75,327 shares of the information services provider’s stock worth $438,000 after purchasing an additional 33,165 shares in the last quarter. Millennium Management LLC raised its stake in TechTarget by 1,881.8% during the 3rd quarter. Millennium Management LLC now owns 1,242,193 shares of the information services provider’s stock worth $7,217,000 after buying an additional 1,179,513 shares during the period. Brevan Howard Capital Management LP acquired a new position in TechTarget during the 3rd quarter worth approximately $192,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in TechTarget by 32.3% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,480 shares of the information services provider’s stock worth $578,000 after acquiring an additional 24,309 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in TechTarget in the third quarter valued at approximately $967,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

TechTarget Stock Up 4.4%

Shares of NASDAQ:TTGT opened at $5.40 on Friday. TechTarget has a 1 year low of $4.63 and a 1 year high of $20.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50-day moving average is $5.25 and its 200-day moving average is $6.04. The company has a market capitalization of $389.66 million, a price-to-earnings ratio of -3.12 and a beta of 0.87.

TechTarget Company Profile

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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.

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