Research Analysts’ Recent Ratings Changes for TechTarget (TTGT)

Several brokerages have updated their recommendations and price targets on shares of TechTarget (NASDAQ: TTGT) in the last few weeks:

• 1/25/2025 – TechTarget is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/21/2025 – TechTarget had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $18.00 price target on the stock.
• 1/17/2025 – TechTarget is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/15/2025 – TechTarget had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $40.00 price target on the stock.
• 1/14/2025 – TechTarget had its price target lowered by analysts at Craig Hallum from $40.00 to $25.00. They now have a “buy” rating on the stock.
• 1/9/2025 – TechTarget is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/1/2025 – TechTarget is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/30/2024 – TechTarget had its price target lowered by analysts at Lake Street Capital from $36.00 to $24.00. They now have a “buy” rating on the stock.
• 12/24/2024 – TechTarget is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/5/2024 – TechTarget is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

TechTarget Stock Performance

TechTarget stock traded up $0.28 during midday trading on Thursday, reaching $17.39. The stock had a trading volume of 129,899 shares, compared to its average volume of 239,989. TechTarget, Inc. has a 12 month low of $16.59 and a 12 month high of $33.08. The firm’s 50-day moving average price is $21.74 and its 200 day moving average price is $25.64. The firm has a market capitalization of $508.48 million, a PE ratio of -41.40, a P/E/G ratio of 9.95 and a beta of 1.04. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65.

TechTarget (NASDAQ:TTGT) last posted its earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $58.47 million during the quarter, compared to analyst estimates of $58.14 million. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. As a group, research analysts predict that TechTarget, Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of TechTarget

Several hedge funds and other institutional investors have recently bought and sold shares of the company. KBC Group NV raised its holdings in shares of TechTarget by 79.1% during the fourth quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 962 shares in the last quarter. MeadowBrook Investment Advisors LLC raised its holdings in shares of TechTarget by 26.4% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock valued at $169,000 after acquiring an additional 1,780 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new position in shares of TechTarget during the third quarter valued at approximately $245,000. Intech Investment Management LLC bought a new position in shares of TechTarget during the third quarter valued at approximately $257,000. Finally, Quest Partners LLC bought a new position in shares of TechTarget during the third quarter valued at approximately $272,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

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.