TechTarget, Inc. (NASDAQ:TTGT – Get Rating) has received a consensus rating of "Moderate Buy" from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $87.33.
TTGT has been the topic of several recent research reports. KeyCorp decreased their price objective on shares of TechTarget from $102.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 3rd. Raymond James boosted their price objective on shares of TechTarget from $81.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, August 5th.
Get TechTarget alerts:Insider Activity
In other news, CEO Michael Cotoia sold 5,676 shares of the firm's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $69.76, for a total transaction of $395,957.76. Following the completion of the sale, the chief executive officer now owns 164,745 shares of the company's stock, valued at $11,492,611.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.92% of the company's stock.
Hedge Funds Weigh In On TechTarget
A number of hedge funds have recently added to or reduced their stakes in TTGT. SeaCrest Wealth Management LLC acquired a new position in shares of TechTarget during the second quarter valued at $26,000. CWM LLC boosted its holdings in shares of TechTarget by 4,977.8% during the second quarter. CWM LLC now owns 457 shares of the information services provider's stock valued at $30,000 after acquiring an additional 448 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of TechTarget by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 828 shares of the information services provider's stock valued at $67,000 after acquiring an additional 282 shares during the period. Captrust Financial Advisors boosted its holdings in shares of TechTarget by 70.6% during the first quarter. Captrust Financial Advisors now owns 1,612 shares of the information services provider's stock valued at $131,000 after acquiring an additional 667 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of TechTarget by 1,014.1% during the second quarter. First Horizon Advisors Inc. now owns 2,774 shares of the information services provider's stock valued at $182,000 after acquiring an additional 2,525 shares during the period. Institutional investors and hedge funds own 98.73% of the company's stock.TechTarget Price Performance
Shares of NASDAQ TTGT opened at $58.84 on Thursday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 154.85 and a beta of 0.99. TechTarget has a one year low of $56.83 and a one year high of $111.44. The company's fifty day moving average is $64.97 and its two-hundred day moving average is $68.84. The company has a debt-to-equity ratio of 1.91, a quick ratio of 6.54 and a current ratio of 6.54.
TechTarget Company Profile
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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. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.
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