Needham Believes TechTarget (NASDAQ: TTGT) Still Has Room to Grow

By Austin Angelo

In a report released today, Kerry Rice from Needham reiterated a Buy rating on TechTarget (NASDAQ: TTGT), with a price target of $17. The company’s shares closed yesterday at $13.92, close to its 52-week high of $14.33.

According to TipRanks.com, Rice is a 5-star analyst with an average return of 20.7% and a 65.3% success rate. Rice covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Limelight Networks.

TechTarget has an analyst consensus of Moderate Buy, with a price target consensus of $15.

TechTarget’s market cap is currently $384.2M and has a P/E ratio of 114.00. The company has a book value ratio of 3.2466.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Leonard Forman, a Director at TTGT sold 5,000 shares for a total of $66,900.

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.