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

TechTarget (NASDAQ:TTGT) had its target price upped by Craig Hallum from $36.00 to $40.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the information services provider’s stock.

TTGT has been the subject of a number of other research reports. KeyCorp dropped their target price on shares of TechTarget from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Raymond James cut their target price 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, Needham & Company LLC decreased their target price 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, TechTarget has an average rating of “Moderate Buy” and a consensus price target of $38.33.

TechTarget Price Performance

TechTarget stock opened at $32.31 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 9.35 and a current ratio of 9.35. TechTarget has a 52 week low of $22.82 and a 52 week high of $41.93. The stock has a market capitalization of $944.74 million, a P/E ratio of -76.93, a price-to-earnings-growth ratio of 31.15 and a beta of 1.03. The stock has a fifty day moving average of $26.48 and a 200-day moving average of $28.63.

Institutional Trading of TechTarget

Several institutional investors have recently modified their holdings of TTGT. BNP Paribas Financial Markets lifted its holdings in TechTarget by 31.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider’s stock worth $331,000 after buying an additional 3,260 shares during the period. FMR LLC raised its position 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 worth $60,042,000 after acquiring an additional 60,191 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of TechTarget in the third quarter worth approximately $257,000. LMR Partners LLP bought a new stake in TechTarget in the third quarter valued at approximately $526,000. Finally, Quest Partners LLC bought a new stake in TechTarget in the third quarter valued at approximately $272,000. 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.