TechTarget (NASDAQ:TTGT) Given New $25.00 Price Target at Needham & Company LLC

TechTarget (NASDAQ:TTGT) had its price target reduced by Needham & Company LLC from $40.00 to $25.00 in a research report sent to investors on Monday morning, Marketbeat reports. Needham & Company LLC currently has a buy rating on the information services provider’s stock.

A number of other equities research analysts have also weighed in on the company. Raymond James lowered TechTarget from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Craig Hallum decreased their price target on TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $18.00 target price on shares of TechTarget in a research report on Tuesday, January 21st. StockNews.com started coverage on shares of TechTarget in a report on Monday, February 10th. They issued a “hold” rating for the company. Finally, Lake Street Capital lowered their target price on shares of TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, December 30th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, TechTarget presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

TechTarget Price Performance

TechTarget stock opened at $14.81 on Monday. TechTarget has a 12 month low of $13.04 and a 12 month high of $35.11. The stock has a market capitalization of $432.97 million, a PE ratio of -35.26, a price-to-earnings-growth ratio of 113.92 and a beta of 1.05. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. The business has a 50 day simple moving average of $15.58 and a 200-day simple moving average of $21.62.

Institutional Trading of TechTarget

Several institutional investors and hedge funds have recently modified their holdings of TTGT. Barclays PLC increased its stake in shares of TechTarget by 399.1% during the 3rd quarter. Barclays PLC now owns 45,914 shares of the information services provider’s stock worth $1,123,000 after purchasing an additional 36,714 shares in the last quarter. Impax Asset Management Group plc grew its holdings in TechTarget by 21.3% during the 4th quarter. Impax Asset Management Group plc now owns 426,387 shares of the information services provider’s stock valued at $8,451,000 after buying an additional 75,000 shares during the last quarter. Principal Financial Group Inc. grew its holdings in TechTarget by 5.4% during the 4th quarter. Principal Financial Group Inc. now owns 128,412 shares of the information services provider’s stock valued at $2,545,000 after buying an additional 6,577 shares during the last quarter. Geode Capital Management LLC increased its position in TechTarget by 0.3% during the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock worth $14,955,000 after buying an additional 1,602 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of TechTarget by 19.2% in the third quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider’s stock worth $12,545,000 after acquiring an additional 82,626 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

About TechTarget

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.