BidaskClub upgraded shares of TechTarget (NASDAQ:TTGT) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

A number of other research firms also recently issued reports on TTGT. Jefferies Group reiterated a hold rating and set a $13.00 price objective on shares of TechTarget in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of TechTarget from a sell rating to a hold rating in a research note on Wednesday, October 18th. Needham & Company LLC reiterated a buy rating and set a $17.00 price objective (up from $14.00) on shares of TechTarget in a research note on Friday, January 12th. Finally, Lake Street Capital reiterated a buy rating and set a $18.00 price objective (up from $14.00) on shares of TechTarget in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $16.00.

TechTarget (NASDAQ TTGT) opened at $16.38 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market cap of $450.17, a PE ratio of 68.25, a price-to-earnings-growth ratio of 2.64 and a beta of 1.60. TechTarget has a one year low of $8.41 and a one year high of $16.80.

TechTarget (NASDAQ:TTGT) last issued its earnings results on Wednesday, February 7th. The information services provider reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. TechTarget had a net margin of 6.27% and a return on equity of 5.79%. The business had revenue of $30.30 million for the quarter, compared to the consensus estimate of $30.05 million. During the same period in the prior year, the firm earned $0.10 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. sell-side analysts anticipate that TechTarget will post 0.41 earnings per share for the current fiscal year.

In other news, President Kevin Beam sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $13.10, for a total transaction of $393,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Nine Ten Partners Lp sold 60,000 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $15.08, for a total transaction of $904,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,668 shares of company stock worth $4,236,226. Insiders own 30.19% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in TTGT. Wells Fargo & Company MN boosted its stake in TechTarget by 2.6% in the second quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock valued at $115,000 after acquiring an additional 275 shares in the last quarter. First Quadrant L P CA acquired a new stake in TechTarget in the third quarter valued at approximately $115,000. Nationwide Fund Advisors boosted its stake in TechTarget by 12.6% in the second quarter. Nationwide Fund Advisors now owns 12,634 shares of the information services provider’s stock valued at $131,000 after acquiring an additional 1,418 shares in the last quarter. Cigna Investments Inc. New acquired a new stake in TechTarget in the fourth quarter valued at approximately $176,000. Finally, Goldman Sachs Group Inc. boosted its stake in TechTarget by 14.9% in the second quarter. Goldman Sachs Group Inc. now owns 17,754 shares of the information services provider’s stock valued at $184,000 after acquiring an additional 2,303 shares in the last quarter. Institutional investors own 55.74% of the company’s stock.

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About TechTarget

TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.

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