TechTarget (NASDAQ:TTGT) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of TechTarget (NASDAQ:TTGT) from a hold rating to a sell rating in a report published on Friday morning.

Several other research firms have also recently weighed in on TTGT. Raymond James cut shares of TechTarget from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. Lake Street Capital lowered their price target on TechTarget from $24.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Craig Hallum cut their price objective on TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Needham & Company LLC reduced their price objective on TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $18.00 target price on shares of TechTarget in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.29.

TechTarget Stock Down 2.9 %

TTGT stock opened at $8.16 on Friday. TechTarget has a 1-year low of $7.66 and a 1-year high of $35.11. The stock has a market cap of $238.56 million, a price-to-earnings ratio of -19.43, a price-to-earnings-growth ratio of 113.92 and a beta of 1.03. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. The company’s 50 day moving average is $12.85 and its 200 day moving average is $19.92.

Institutional Trading of TechTarget

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TechTarget by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,860 shares of the information services provider’s stock worth $295,000 after buying an additional 698 shares during the period. Balyasny Asset Management L.P. boosted its stake in TechTarget by 3.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 22,199 shares of the information services provider’s stock worth $440,000 after acquiring an additional 747 shares in the last quarter. State of Tennessee Department of Treasury grew its holdings in TechTarget by 8.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider’s stock worth $239,000 after purchasing an additional 910 shares during the period. KBC Group NV increased its stake in shares of TechTarget by 79.1% during the fourth quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 962 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of TechTarget by 0.3% during the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock valued at $14,955,000 after purchasing an additional 1,602 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

TechTarget Company Profile

TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.