Brokerages Set TechTarget, Inc. (NASDAQ:TTGT) Price Target at $30.14

TechTarget, Inc. (NASDAQ:TTGT) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $30.14.

Several research analysts have weighed in on the stock. 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. Lake Street Capital reduced their price target on shares of TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, December 30th. Raymond James downgraded shares of TechTarget from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of TechTarget in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.00 price target on shares of TechTarget in a report on Tuesday, January 21st.

Hedge Funds Weigh In On TechTarget

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC lifted its stake in shares of TechTarget by 2.5% during the third quarter. FMR LLC now owns 2,455,705 shares of the information services provider’s stock valued at $60,042,000 after buying an additional 60,191 shares during the period. Royal Bank of Canada lifted its stake in shares of TechTarget by 30.3% during the fourth quarter. Royal Bank of Canada now owns 977,777 shares of the information services provider’s stock valued at $19,380,000 after buying an additional 227,459 shares during the period. Dimensional Fund Advisors LP increased its position in TechTarget by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 806,078 shares of the information services provider’s stock worth $15,977,000 after purchasing an additional 11,646 shares during the last quarter. Geode Capital Management LLC increased its position in TechTarget by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 632,704 shares of the information services provider’s stock worth $12,543,000 after purchasing an additional 21,191 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in TechTarget by 13.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 581,430 shares of the information services provider’s stock worth $11,524,000 after purchasing an additional 68,364 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

TechTarget Trading Down 2.2 %

Shares of TTGT opened at $13.18 on Friday. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. The firm’s 50-day moving average is $16.37 and its two-hundred day moving average is $22.48. TechTarget has a twelve month low of $13.04 and a twelve month high of $35.11. The firm has a market capitalization of $385.32 million, a P/E ratio of -31.38, a PEG ratio of 113.92 and a beta of 1.05.

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.