TechTarget Inc (NASDAQ:TTGT) was up 9.2% on Thursday after Lake Street Capital raised their price target on the stock from $24.00 to $29.00. Lake Street Capital currently has a buy rating on the stock. TechTarget traded as high as $28.67 and last traded at $27.50, approximately 322,378 shares were traded during trading. An increase of 53% from the average daily volume of 210,030 shares. The stock had previously closed at $25.18.

A number of other equities analysts have also recently commented on TTGT. BidaskClub upgraded TechTarget from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Zacks Investment Research cut TechTarget from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, ValuEngine cut TechTarget from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $26.67.

In related news, insider Don Hawk sold 15,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $22.34, for a total transaction of $335,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Greg Strakosch sold 7,826 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.06, for a total value of $196,119.56. Following the transaction, the chairman now owns 464,527 shares of the company’s stock, valued at approximately $11,641,046.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,709 shares of company stock valued at $2,159,963. 27.14% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of TechTarget by 19.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 56,340 shares of the information services provider’s stock worth $1,198,000 after acquiring an additional 9,230 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of TechTarget by 40.2% in the second quarter. Earnest Partners LLC now owns 351,056 shares of the information services provider’s stock worth $7,460,000 after buying an additional 100,576 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of TechTarget in the second quarter worth about $634,000. Yorktown Management & Research Co Inc boosted its stake in shares of TechTarget by 4.8% in the second quarter. Yorktown Management & Research Co Inc now owns 34,772 shares of the information services provider’s stock worth $739,000 after buying an additional 1,600 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in TechTarget by 67.9% in the 2nd quarter. Acadian Asset Management LLC now owns 128,020 shares of the information services provider’s stock worth $2,721,000 after purchasing an additional 51,782 shares during the period. Institutional investors own 74.85% of the company’s stock.

The company has a market cap of $691.30 million, a price-to-earnings ratio of 62.31 and a beta of 0.74. The company has a current ratio of 4.85, a quick ratio of 4.85 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $23.61 and a two-hundred day moving average of $21.85.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Wednesday, August 7th. The information services provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $34.29 million during the quarter, compared to analysts’ expectations of $33.73 million. TechTarget had a return on equity of 10.28% and a net margin of 10.95%. TechTarget’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, research analysts forecast that TechTarget Inc will post 0.65 EPS for the current fiscal year.

TechTarget Company Profile (NASDAQ:TTGT)

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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