TechTarget, Inc. (NASDAQ:TTGT) has received a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.33.

TTGT has been the subject of several research analyst reports. ValuEngine upgraded TechTarget from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research lowered TechTarget from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Jefferies Group restated a “hold” rating and set a $13.00 price target on shares of TechTarget in a research report on Friday, November 10th. Needham & Company LLC restated a “buy” rating and set a $14.00 price target (up from $11.00) on shares of TechTarget in a research report on Tuesday, October 3rd. Finally, BidaskClub lowered TechTarget from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th.

In related news, CEO Michael Cotoia sold 10,000 shares of TechTarget stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $13.48, for a total value of $134,800.00. Following the completion of the transaction, the chief executive officer now directly owns 164,812 shares in the company, valued at $2,221,665.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Kevin Beam sold 15,000 shares of TechTarget stock in a transaction on Friday, December 1st. The shares were sold at an average price of $13.99, for a total value of $209,850.00. Following the completion of the transaction, the president now owns 472,008 shares of the company’s stock, valued at $6,603,391.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 205,890 shares of company stock valued at $2,520,287. 30.19% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. American International Group Inc. boosted its holdings 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. 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 valued at $115,000 after buying an additional 275 shares in the last quarter. First Quadrant L P CA acquired a new stake in TechTarget in the third quarter valued at $115,000. 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 valued at $131,000 after buying an additional 1,418 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in TechTarget in the first quarter valued at $140,000. Hedge funds and other institutional investors own 55.84% of the company’s stock.

TechTarget (TTGT) traded down $0.22 on Thursday, hitting $13.81. The stock had a trading volume of 38,600 shares, compared to its average volume of 44,308. TechTarget has a 1-year low of $7.97 and a 1-year high of $14.16. The stock has a market capitalization of $387.19, a price-to-earnings ratio of 116.92, a P/E/G ratio of 3.51 and a beta of 1.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings results on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. TechTarget had a return on equity of 3.01% and a net margin of 3.33%. The business had revenue of $28.01 million during the quarter, compared to analyst estimates of $28.34 million. During the same period last year, the business posted $0.07 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. research analysts expect that TechTarget will post 0.2 earnings per share for the current year.

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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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