TechTarget Inc (NASDAQ:TTGT) has been given a consensus rating of “Buy” by the six research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $26.00.

Several equities research analysts recently weighed in on TTGT shares. ValuEngine raised VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Zacks Investment Research downgraded Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Craig Hallum decreased their price target on Green Dot from $115.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, BidaskClub downgraded Xilinx from a “buy” rating to a “hold” rating in a report on Saturday, June 15th.

Shares of TTGT traded up $0.08 during mid-day trading on Friday, reaching $21.23. 4,613 shares of the company’s stock were exchanged, compared to its average volume of 165,373. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.39. The stock has a market cap of $582.91 million, a PE ratio of 47.07 and a beta of 0.85. The stock’s fifty day simple moving average is $20.23. TechTarget has a 52-week low of $11.12 and a 52-week high of $34.47.

TechTarget (NASDAQ:TTGT) last issued its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.05. TechTarget had a return on equity of 10.74% and a net margin of 11.41%. The firm had revenue of $29.97 million during the quarter, compared to the consensus estimate of $29.32 million. During the same period last year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts forecast that TechTarget will post 0.54 EPS for the current year.

In other TechTarget news, Director Bruce Levenson sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $21.77, for a total value of $1,088,500.00. Following the completion of the sale, the director now owns 42,987 shares of the company’s stock, valued at $935,826.99. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Greg Strakosch sold 25,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $20.62, for a total value of $515,500.00. Following the completion of the sale, the insider now directly owns 489,332 shares of the company’s stock, valued at approximately $10,090,025.84. The disclosure for this sale can be found here. In the last three months, insiders sold 196,000 shares of company stock valued at $4,038,280. 27.14% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP lifted its holdings in TechTarget by 124.9% in the first quarter. Marshall Wace LLP now owns 554,782 shares of the information services provider’s stock valued at $9,026,000 after acquiring an additional 308,138 shares during the period. GYL Financial Synergies LLC acquired a new stake in TechTarget in the first quarter valued at $567,000. Squarepoint Ops LLC raised its stake in shares of TechTarget by 62.5% during the 4th quarter. Squarepoint Ops LLC now owns 57,316 shares of the information services provider’s stock worth $700,000 after buying an additional 22,048 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of TechTarget during the 4th quarter worth $292,000. Finally, Barclays PLC raised its stake in shares of TechTarget by 31.5% during the 4th quarter. Barclays PLC now owns 93,325 shares of the information services provider’s stock worth $1,140,000 after buying an additional 22,343 shares during the last quarter. 76.63% of the stock is owned by institutional investors.

About TechTarget

TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.

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