TechTarget’s (TTGT) Buy Rating Reaffirmed at Needham & Company LLC

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

Other equities research analysts also recently issued reports about the stock. Craig Hallum raised their target price on shares of TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James lowered their price objective on shares of TechTarget from $39.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Finally, KeyCorp cut their target price on shares of TechTarget from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.33.

TechTarget Stock Performance

NASDAQ:TTGT opened at $32.31 on Wednesday. The stock has a market cap of $944.74 million, a P/E ratio of -76.93, a PEG ratio of 31.15 and a beta of 1.03. The company has a quick ratio of 9.35, a current ratio of 9.35 and a debt-to-equity ratio of 1.74. The business’s 50-day moving average price is $26.48 and its two-hundred day moving average price is $28.63. TechTarget has a twelve month low of $22.82 and a twelve month high of $41.93.

Institutional Trading of TechTarget

Several institutional investors have recently added to or reduced their stakes in the business. Earnest Partners LLC lifted its stake in TechTarget by 6.3% during the 2nd quarter. Earnest Partners LLC now owns 495,701 shares of the information services provider’s stock valued at $15,451,000 after acquiring an additional 29,375 shares during the period. Impax Asset Management Group plc boosted its holdings in TechTarget by 24.9% in the third quarter. Impax Asset Management Group plc now owns 351,387 shares of the information services provider’s stock worth $8,591,000 after purchasing an additional 70,000 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in TechTarget by 152.7% in the third quarter. Harbor Capital Advisors Inc. now owns 160,370 shares of the information services provider’s stock worth $3,921,000 after purchasing an additional 96,896 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in TechTarget in the 1st quarter worth approximately $501,000. Finally, Sei Investments Co. raised its stake in TechTarget by 4.6% during the 1st quarter. Sei Investments Co. now owns 32,853 shares of the information services provider’s stock valued at $1,087,000 after buying an additional 1,432 shares during the last quarter. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

TechTarget Company Profile

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.