The Needham & Company LLC Raises TechTarget Inc (TTGT) Price Target to $11.00

The Needham & Company LLC Raises TechTarget Inc (TTGT) Price Target to $11.00

TTGT has been the topic of a number of other research reports. Jefferies Group LLC raised their target price on TechTarget from $9.50 to $10.00 and gave the company a “buy” rating in a report on Wednesday, February 15th. Zacks Investment Research raised TechTarget from a “sell” rating to a “hold” rating in a report on Wednesday, March 1st. Finally, Lake Street Capital raised their target price on TechTarget from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, February 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. TechTarget has an average rating of “Buy” and an average price target of $10.50.

TechTarget Inc (NASDAQ:TTGT) had its price objective raised by equities researchers at Needham & Company LLC from $10.00 to $11.00 in a research report issued on Thursday, May 11th. The firm currently has a “buy” rating on the information services provider’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 19.18% from the stock’s previous close.

Shares of TechTarget (NASDAQ:TTGT) opened at 9.23 on Thursday. The company has a market capitalization of $253.31 million, a PE ratio of 109.88 and a beta of 1.70. The firm has a 50-day moving average price of $9.19 and a 200-day moving average price of $8.86. TechTarget has a 1-year low of $6.73 and a 1-year high of $9.94.

In other TechTarget news, CEO Michael Cotoia sold 27,814 shares of TechTarget stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $8.88, for a total transaction of $246,988.32. Following the transaction, the chief executive officer now directly owns 232,693 shares of the company’s stock, valued at approximately $2,066,313.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Kevin Beam sold 25,000 shares of TechTarget stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $9.00, for a total value of $225,000.00. Following the transaction, the president now directly owns 571,033 shares in the company, valued at $5,139,297. The disclosure for this sale can be found here. Insiders have sold a total of 105,628 shares of company stock worth $955,056 over the last ninety days. Company insiders own 48.65% of the company’s stock. Several hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP raised its stake in shares of TechTarget by 22.0% in the fourth quarter. Two Sigma Investments LP now owns 103,974 shares of the information services provider’s stock worth $887,000 after buying an additional 18,726 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of TechTarget by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 554,884 shares of the information services provider’s stock worth $4,733,000 after buying an additional 68,428 shares during the last quarter. State Street Corp raised its stake in shares of TechTarget by 3.4% in the fourth quarter. State Street Corp now owns 231,237 shares of the information services provider’s stock worth $1,977,000 after buying an additional 7,578 shares during the last quarter. Spark Investment Management LLC raised its stake in shares of TechTarget by 33.7% in the third quarter. Spark Investment Management LLC now owns 55,500 shares of the information services provider’s stock worth $447,000 after buying an additional 14,000 shares during the last quarter. Finally, River Road Asset Management LLC purchased a new stake in shares of TechTarget during the first quarter worth approximately $3,479,000. 56.82% of the stock is owned by hedge funds and other institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TTGT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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