TechTarget (NASDAQ:TTGT) Downgraded to "Sell" Rating by StockNews.com

StockNews.com lowered shares of TechTarget (NASDAQ:TTGT - Free Report) from a hold rating to a sell rating in a report released on Friday.

A number of other analysts have also recently issued reports on TTGT. Raymond James cut TechTarget from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Needham & Company LLC reduced their price objective on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 31st. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $18.00 price objective on shares of TechTarget in a research report on Tuesday, January 21st. Craig Hallum reduced their target price on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Lake Street Capital lowered their price target on shares of TechTarget from $24.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.29.

TechTarget Stock Performance

NASDAQ TTGT traded down $0.07 on Friday, hitting $7.09. 225,758 shares of the stock were exchanged, compared to its average volume of 184,122. The business's fifty day moving average is $12.46 and its 200 day moving average is $19.72. TechTarget has a 52 week low of $6.95 and a 52 week high of $35.11. The company has a market capitalization of $207.28 million, a PE ratio of -16.88, a P/E/G ratio of 113.92 and a beta of 1.03. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49.

Institutional Investors Weigh In On TechTarget

A number of large investors have recently added to or reduced their stakes in TTGT. KBC Group NV lifted its position in shares of 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. KLP Kapitalforvaltning AS acquired a new stake in shares of TechTarget during the fourth quarter valued at about $103,000. MeadowBrook Investment Advisors LLC raised its stake 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 valued at $169,000 after acquiring an additional 1,780 shares during the last quarter. Quantbot Technologies LP acquired a new stake in TechTarget in the fourth quarter valued at $173,000. Finally, State of Tennessee Department of Treasury lifted its stake in shares of TechTarget by 8.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider's stock worth $239,000 after acquiring an additional 910 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.

TechTarget Company 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.