TechTarget, Inc. (NASDAQ:TTGT) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Monday.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of TechTarget from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Friday, May 19th. Jefferies Group LLC restated a “buy” rating and issued a $11.00 price target (up from $10.00) on shares of TechTarget in a research report on Sunday, May 14th. Needham & Company LLC lifted their price objective on shares of TechTarget from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. Finally, ValuEngine upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.20.

TechTarget (NASDAQ:TTGT) traded down 0.91% on Monday, hitting $9.77. The stock had a trading volume of 18,418 shares. TechTarget has a 12 month low of $6.73 and a 12 month high of $10.59. The firm’s 50 day moving average price is $9.91 and its 200-day moving average price is $9.21. The stock has a market cap of $268.13 million, a PE ratio of 116.31 and a beta of 1.54.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. TechTarget had a net margin of 2.32% and a return on equity of 2.19%. The company had revenue of $23.60 million during the quarter, compared to analyst estimates of $23.16 million. The business’s revenue was down 5.6% compared to the same quarter last year. On average, analysts forecast that TechTarget will post $0.36 EPS for the current year.

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In other news, President Kevin Beam sold 10,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $10.21, for a total value of $102,100.00. Following the completion of the sale, the president now directly owns 498,033 shares in the company, valued at $5,084,916.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 87,429 shares of company stock valued at $834,863 over the last quarter. Corporate insiders own 30.19% of the company’s stock.

A number of large investors have recently made changes to their positions in TTGT. American International Group Inc. raised its stake in TechTarget by 5.6% in the first quarter. American International Group Inc. now owns 11,363 shares of the information services provider’s stock valued at $103,000 after buying an additional 602 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of TechTarget by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 75,157 shares of the information services provider’s stock valued at $678,000 after buying an additional 1,611 shares during the period. Prudential Financial Inc. increased its position in shares of TechTarget by 8.0% in the first quarter. Prudential Financial Inc. now owns 37,752 shares of the information services provider’s stock valued at $341,000 after buying an additional 2,800 shares during the period. State Street Corp increased its position 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 valued at $1,977,000 after buying an additional 7,578 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of TechTarget by 7.8% in the first quarter. Geode Capital Management LLC now owns 133,913 shares of the information services provider’s stock valued at $1,209,000 after buying an additional 9,665 shares during the period. 55.89% of the stock is currently owned by hedge funds and other institutional investors.

TechTarget Company Profile

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.

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