Analysts Say Techtarget Inc (NASDAQ:TTGT) Can Really Get To 40 In 12 Months

In last trading session, Techtarget Inc (NASDAQ:TTGT) saw 0.71 million shares changing hands with its beta currently measuring 1.13. Company’s recent per share price level of $19.55 trading at -$0.79 or -3.88% at ring of the bell on the day assigns it a market valuation of $571.55M. That closing price of TTGT’s stock is at a discount of -114.48% from its 52-week high price of $41.93 and is indicating a discount of -0.1% from its 52-week low price of $19.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.36 million shares which gives us an average trading volume of 194.27K if we extend that period to 3-months.

For Techtarget Inc (TTGT), analysts’ consensus is at an average recommendation of Buy Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

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Techtarget Inc (NASDAQ:TTGT) trade information

Upright in the red during last session for losing -3.88%, in the last five days TTGT remained trading in the red while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $19.55 price level, adding 8.99% to its value on the day. Techtarget Inc’s shares saw a change of -43.92% in year-to-date performance and have moved -8.35% in past 5-day. Techtarget Inc (NASDAQ:TTGT) showed a performance of -34.83% in past 30-days. Number of shares sold short was 0.79 million shares which calculate 4.95 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 38 to the stock, which implies a rise of 48.55% to its current value. Analysts have been projecting 36 as a low price target for the stock while placing it at a high target of 40. It follows that stock’s current price would drop -84.14% in reaching the projected high whereas dropping to the targeted low would mean a loss of -84.14% for stock’s current value.

Techtarget Inc (TTGT) estimates and forecasts

Statistics highlight that Techtarget Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -36.24% of value to its shares in past 6 months, showing an annual growth rate of -7.56% while that of industry is 19.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

Techtarget Inc (NASDAQ:TTGT)’s Major holders

Insiders are in possession of 10.81% of company’s total shares while institution are holding 91.28 percent of that, with stock having share float percentage of 102.34%. Investors also watch the number of corporate investors in a company very closely, which is 91.28% institutions for Techtarget Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at TTGT for having 3.93 million shares of worth $122.43 million. And as of 2024-06-30, it was holding 13.7768 of the company’s outstanding shares.

The second largest institutional holder is TRIGRAN INVESTMENTS, INC., which was holding about 3.03 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.6398 of outstanding shares, having a total worth of $94.55 million.

On the other hand, iShares Core S&P Smallcap ETF and Neuberger & Berman Genesis Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.64 shares of worth $32.06 million or 5.61% of the total outstanding shares. The later fund manager was in possession of 834.5 shares on Sep 30, 2024 , making its stake of worth around $16.31 million in the company or a holder of 2.85% of company’s stock.