Shares of TechTarget Inc. (NASDAQ:TTGT) have received an average recommendation of “Hold” from the seven research firms that are currently covering the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.90.

Several equities analysts recently commented on the stock. Needham & Company LLC cut their target price on shares of TechTarget from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of TechTarget from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Jefferies Group reiterated a “buy” rating and set a $9.50 target price on shares of TechTarget in a research note on Thursday, November 10th. Finally, Lake Street Capital lowered their price target on shares of TechTarget from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, November 10th.

TechTarget (NASDAQ:TTGT) traded up 0.35% on Monday, hitting $8.53. 46,505 shares of the stock traded hands. The stock has a 50-day moving average of $8.24 and a 200-day moving average of $8.24. The firm has a market cap of $237.27 million, a price-to-earnings ratio of 64.62 and a beta of 1.85. TechTarget has a 12-month low of $5.98 and a 12-month high of $9.24.

TechTarget (NASDAQ:TTGT) last released its earnings results on Wednesday, November 9th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The firm earned $25.80 million during the quarter, compared to analysts’ expectations of $26.26 million. TechTarget had a net margin of 3.93% and a return on equity of 3.59%. The business’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. Analysts forecast that TechTarget will post $0.25 earnings per share for the current year.

In other news, CEO Michael Cotoia sold 21,836 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $8.01, for a total value of $174,906.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Don Hawk sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $8.01, for a total transaction of $160,200.00. Following the completion of the sale, the insider now directly owns 339,520 shares in the company, valued at approximately $2,719,555.20. The disclosure for this sale can be found here. 48.65% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Morgan Stanley raised its stake in TechTarget by 56.9% in the third quarter. Morgan Stanley now owns 12,584 shares of the company’s stock valued at $101,000 after buying an additional 4,566 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of TechTarget during the second quarter valued at about $111,000. The Manufacturers Life Insurance Company bought a new position in shares of TechTarget during the third quarter valued at about $122,000. Rhumbline Advisers increased its position in shares of TechTarget by 0.8% in the third quarter. Rhumbline Advisers now owns 21,273 shares of the company’s stock valued at $171,000 after buying an additional 160 shares during the period. Finally, Prudential Financial Inc. bought a new position in shares of TechTarget during the third quarter valued at about $185,000. 55.19% of the stock is currently owned by institutional investors and hedge funds.

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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