Schonfeld Strategic Advisors LLC Sells 102,789 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Schonfeld Strategic Advisors LLC decreased its holdings in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,764 shares of the information services provider's stock after selling 102,789 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.35% of TechTarget worth $2,017,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of TechTarget by 399.1% in the 3rd quarter. Barclays PLC now owns 45,914 shares of the information services provider's stock valued at $1,123,000 after buying an additional 36,714 shares during the period. KBC Group NV increased its stake in shares of TechTarget by 79.1% in the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider's stock valued at $43,000 after buying an additional 962 shares during the period. MeadowBrook Investment Advisors LLC increased its stake in shares of TechTarget by 26.4% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider's stock valued at $169,000 after buying an additional 1,780 shares during the period. Rhumbline Advisers increased its stake in shares of TechTarget by 2.7% in the 4th quarter. Rhumbline Advisers now owns 74,980 shares of the information services provider's stock valued at $1,486,000 after buying an additional 1,994 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of TechTarget by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 128,412 shares of the information services provider's stock valued at $2,545,000 after buying an additional 6,577 shares during the period. Institutional investors own 93.52% of the company's stock.

TechTarget Trading Up 0.5%

NASDAQ:TTGT traded up $0.04 on Friday, reaching $8.31. The company's stock had a trading volume of 173,771 shares, compared to its average volume of 196,170. TechTarget, Inc. has a 1-year low of $6.95 and a 1-year high of $35.11. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. The firm has a market cap of $242.94 million, a PE ratio of -19.79, a PEG ratio of 113.92 and a beta of 1.10. The business's 50-day moving average price is $10.66 and its two-hundred day moving average price is $17.98.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TTGT shares. Lake Street Capital lowered their target price on TechTarget from $24.00 to $12.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC decreased their price objective on TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 31st. StockNews.com raised TechTarget from a "sell" rating to a "hold" rating in a research note on Saturday, April 26th. Craig Hallum decreased their price objective on TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $18.00 price objective on shares of TechTarget in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $25.17.

TechTarget 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.