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

TechTarget (NASDAQ:TTGT) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

TTGT has been the subject of several other reports. Needham & Company LLC reduced their target price on TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Raymond James downgraded TechTarget from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.00 target price on shares of TechTarget in a report on Tuesday, January 21st. Craig Hallum decreased their price target on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Lake Street Capital dropped their price objective on shares of TechTarget from $24.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.29.

TechTarget Stock Down 2.9 %

Shares of NASDAQ TTGT opened at $8.16 on Friday. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. The firm has a market cap of $238.56 million, a PE ratio of -19.43, a P/E/G ratio of 113.92 and a beta of 1.03. The company’s fifty day simple moving average is $12.85 and its 200 day simple moving average is $19.95. TechTarget has a 12-month low of $7.66 and a 12-month high of $35.11.

Institutional Investors Weigh In On TechTarget

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in TechTarget by 15.4% during the third quarter. Jane Street Group LLC now owns 37,290 shares of the information services provider’s stock valued at $912,000 after buying an additional 4,988 shares during the period. Barclays PLC boosted its holdings in TechTarget by 399.1% in the 3rd quarter. Barclays PLC now owns 45,914 shares of the information services provider’s stock worth $1,123,000 after buying an additional 36,714 shares during the period. Geode Capital Management LLC raised its holdings in TechTarget by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock valued at $14,955,000 after acquiring an additional 1,602 shares during the period. KBC Group NV raised its holdings in TechTarget by 79.1% during the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 962 shares during the period. Finally, MeadowBrook Investment Advisors LLC lifted its position in shares of TechTarget by 26.4% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock worth $169,000 after acquiring an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

About TechTarget

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.