Shares of TechTarget, Inc. (NASDAQ:TTGT) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.75.

Several analysts recently weighed in on TTGT shares. ValuEngine upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut shares of TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research cut shares of TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Craig Hallum raised shares of TechTarget from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Jefferies Group LLC cut shares of TechTarget from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research report on Thursday, August 17th.

In related news, major shareholder Nine Ten Partners Lp sold 47,945 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $11.04, for a total value of $529,312.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $102,100.00. Following the completion of the sale, the president now directly owns 498,033 shares of the company’s stock, valued at $5,084,916.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,890 shares of company stock valued at $1,429,037. Corporate insiders own 30.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. increased its stake in TechTarget by 0.5% in the second quarter. Alliancebernstein L.P. now owns 21,700 shares of the information services provider’s stock valued at $225,000 after purchasing an additional 100 shares during the period. Wells Fargo & Company MN increased its stake in TechTarget by 2.6% in the second quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock valued at $115,000 after purchasing an additional 275 shares during the period. American International Group Inc. increased 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 purchasing an additional 602 shares during the period. Nationwide Fund Advisors increased its stake in TechTarget by 12.6% in the second quarter. Nationwide Fund Advisors now owns 12,634 shares of the information services provider’s stock valued at $131,000 after purchasing an additional 1,418 shares during the period. Finally, Rhumbline Advisers increased its stake in TechTarget by 7.0% in the second quarter. Rhumbline Advisers now owns 22,325 shares of the information services provider’s stock valued at $232,000 after purchasing an additional 1,470 shares during the period. Institutional investors own 56.11% of the company’s stock.

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Shares of TechTarget (NASDAQ TTGT) traded up 0.85% during mid-day trading on Friday, hitting $11.83. The company had a trading volume of 32,844 shares. TechTarget has a 52-week low of $7.85 and a 52-week high of $11.98. The firm has a 50-day moving average price of $10.02 and a 200 day moving average price of $9.55. The firm has a market capitalization of $324.15 million, a price-to-earnings ratio of 231.96 and a beta of 1.44.

TechTarget (NASDAQ:TTGT) last posted its earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). TechTarget had a net margin of 1.36% and a return on equity of 1.38%. The company had revenue of $26.70 million during the quarter, compared to analyst estimates of $26.26 million. During the same quarter last year, the business posted $0.11 EPS. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. Analysts expect that TechTarget will post $0.38 earnings per share for the current year.

About TechTarget

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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