TechTarget’s (TTGT) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of TechTarget (NASDAQ:TTGT) in a research report report published on Wednesday,Benzinga reports. They currently have a $40.00 target price on the information services provider’s stock.

Other equities research analysts have also issued reports about the stock. Raymond James cut their price target on shares of TechTarget from $39.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. KeyCorp cut their target price on TechTarget from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Finally, Craig Hallum upped their target price on TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.17.

TechTarget Stock Performance

Shares of TechTarget stock opened at $29.01 on Wednesday. The firm has a market capitalization of $848.25 million, a P/E ratio of -69.07, a P/E/G ratio of 31.84 and a beta of 1.03. The company has a quick ratio of 9.35, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. TechTarget has a 52 week low of $22.82 and a 52 week high of $41.93. The firm’s 50 day moving average is $26.56 and its two-hundred day moving average is $28.64.

Hedge Funds Weigh In On TechTarget

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BOKF NA acquired a new position in shares of TechTarget in the second quarter valued at approximately $239,000. Cornercap Investment Counsel Inc. purchased a new position in TechTarget in the 3rd quarter valued at $245,000. Intech Investment Management LLC acquired a new position in TechTarget in the 3rd quarter valued at $257,000. Quest Partners LLC purchased a new position in TechTarget during the 3rd quarter worth $272,000. Finally, SG Americas Securities LLC purchased a new position in TechTarget during the 3rd quarter worth $307,000. Hedge funds and other 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.