TechTarget, Inc. (NASDAQ:TTGT) was downgraded by investment analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a report issued on Thursday, The Fly reports.

Other equities research analysts have also issued reports about the company. Craig Hallum upgraded TechTarget from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded TechTarget from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday, May 19th. Needham & Company LLC upped their price objective on TechTarget from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, May 11th. BidaskClub upgraded TechTarget from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded TechTarget from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. TechTarget currently has a consensus rating of “Hold” and an average price target of $10.50.

Shares of TechTarget (NASDAQ:TTGT) opened at 9.90 on Thursday. The company has a market cap of $271.27 million, a P/E ratio of 194.12 and a beta of 1.53. TechTarget has a one year low of $7.80 and a one year high of $10.59. The company has a 50 day moving average price of $9.88 and a 200 day moving average price of $9.36.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.05 earnings per share for the quarter, missing the 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 the consensus estimate of $26.26 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. Equities research analysts expect that TechTarget will post $0.38 earnings per share for the current year.

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In related news, President Kevin Beam sold 25,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $9.99, for a total transaction of $249,750.00. Following the sale, the president now directly owns 498,033 shares in the company, valued at approximately $4,975,349.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 60,000 shares of company stock worth $583,600. 30.19% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised 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 worth $225,000 after buying an additional 100 shares during the period. Wells Fargo & Company MN raised 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 worth $115,000 after buying an additional 275 shares during the period. 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 worth $103,000 after buying an additional 602 shares during the period. Nationwide Fund Advisors raised 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 worth $131,000 after buying an additional 1,418 shares during the period. Finally, Rhumbline Advisers raised 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 worth $232,000 after buying an additional 1,470 shares during the period. Institutional investors and hedge funds own 55.54% of the company’s stock.

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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