Techtarget Inc (NASDAQ:TTGT) price on Friday, June 13, fall -2.08% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.07.
A look at the stock’s price movement, the close in the last trading session was $7.22. Turning to its 52-week performance, $33.08 and $6.80 were the 52-week high and 52-week low respectively. Overall, TTGT moved -15.63% over the past month.
Techtarget Inc’s market cap currently stands at around $505.43 million, with investors looking forward to this quarter’s earnings report slated for in July.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 4 recommend TTGT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TTGT’s current price about -6.73% and -11.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.70, while 7-day volatility ratio is 0.95% and 6.18% in the 30-day chart. Further, Techtarget Inc (TTGT) has a beta value of 0, and an average true range (ATR) of 0.73. Analysts have given the company’s stock an average 52-week price target of $25, forecast between a low of $25 and high of $25. Looking at the price targets, the low is -253.61% off current price level while to achieve the yearly target high, price needs to move -253.61%. Nonetheless, investors will most likely welcome a -253.61% jump to $25 which is the analysts’ median price.
If we refocus on Techtarget Inc (NASDAQ:TTGT), historical trading data shows that trading volumes averaged 362.72K over the past 3 months. The company’s latest data on shares outstanding shows there are 71.49 million shares.
The 58.29% of Techtarget Inc’s shares are in the hands of company insiders while institutional holders own 38.13% of the company’s shares. Current price change has pushed the stock -64.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TTGT stock continues to rise going into the next quarter.
