Jefferies analyst Brian Fitzgerald reiterated a Hold rating on TechTarget (NASDAQ: TTGT) yesterday and set a price target of $27. The company’s shares closed yesterday at $24.12.
Fitzgerald has an average return of 36.3% when recommending TechTarget.
According to TipRanks.com, Fitzgerald is ranked #15 out of 4850 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TechTarget with a $30.33 average price target, a 25.7% upside from current levels. In a report released yesterday, Craig-Hallum also downgraded the stock to Hold with a $32 price target.
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Based on TechTarget’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $4.42 million. In comparison, last year the company had a net profit of $1.36 million.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. Last month, Roger Marino, a Director at TTGT bought 2,500 shares for a total of $12,400.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TechTarget, Inc. engages in the provision of online content for buyers of enterprise information technology products and services. It also offers purchase-intent marketing and sales services for enterprise technology vendors. Its products portfolio includes demand generation, brand consideration, sales enablement, and marketing intelligence.
