Craig Hallum Increases TechTarget (NASDAQ:TTGT) Price Target to $40.00

TechTarget (NASDAQ:TTGT) had its target price lifted by Craig Hallum from $36.00 to $40.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

TTGT has been the subject of a number of other reports. Raymond James cut their price target on TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. KeyCorp cut their price objective on shares of TechTarget from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Finally, Needham & Company LLC dropped their price target on shares of TechTarget from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, TechTarget currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.17.

TechTarget Trading Down 1.0 %

TechTarget stock opened at $29.01 on Wednesday. TechTarget has a 12 month low of $22.82 and a 12 month high of $41.93. The company has a quick ratio of 9.35, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. The stock has a market cap 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’s fifty day simple moving average is $26.56 and its 200-day simple moving average is $28.64.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. BOKF NA acquired a new stake in TechTarget in the 2nd quarter worth $239,000. The Manufacturers Life Insurance Company lifted its position in TechTarget by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider’s stock worth $311,000 after purchasing an additional 430 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in shares of TechTarget during the 3rd quarter valued at about $245,000. State Board of Administration of Florida Retirement System raised its position in TechTarget by 37.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,232 shares of the information services provider’s stock worth $370,000 after purchasing an additional 2,790 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in TechTarget during the third quarter worth about $257,000. Institutional investors own 93.52% of the company’s stock.

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.