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

TechTarget, Inc. (NASDAQ:TTGT) has received an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.75.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in shares of TechTarget by 43.8% in the 1st quarter. Sei Investments Co. now owns 36,108 shares of the information services provider’s stock valued at $140,000 after purchasing an additional 10,994 shares during the period. Cetera Investment Advisers lifted its stake in shares of TechTarget by 11.0% in the 1st quarter. Cetera Investment Advisers now owns 45,020 shares of the information services provider’s stock valued at $175,000 after purchasing an additional 4,452 shares during the period. Inspire Investing LLC lifted its stake in shares of TechTarget by 48.5% in the 1st quarter. Inspire Investing LLC now owns 130,780 shares of the information services provider’s stock valued at $507,000 after purchasing an additional 42,712 shares during the period. Hsbc Holdings PLC acquired a new position in shares of TechTarget in the 4th quarter valued at $203,000. Finally, Alpine Global Management LLC acquired a new position in shares of TechTarget in the 4th quarter valued at $93,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

TechTarget Trading Down 10.2%

TTGT stock opened at $4.93 on Friday. The company has a market cap of $356.44 million, a P/E ratio of -0.64 and a beta of 1.20. TechTarget has a twelve month low of $3.41 and a twelve month high of $9.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $4.50 and a 200-day moving average of $4.91.

TechTarget (NASDAQ:TTGT) last released its earnings results on Thursday, May 7th. The information services provider reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.59). The firm had revenue of $106.05 million for 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%.

About TechTarget

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.