Samjo Management LLC Reduces Position in TechTarget, Inc. (NASDAQ:TTGT)

Samjo Management LLC reduced its stake in shares of TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 68.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,975 shares of the information services provider's stock after selling 106,225 shares during the period. Samjo Management LLC owned 0.17% of TechTarget worth $971,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Impax Asset Management Group plc increased its holdings in TechTarget by 21.3% in the fourth quarter. Impax Asset Management Group plc now owns 426,387 shares of the information services provider's stock valued at $8,451,000 after buying an additional 75,000 shares during the last quarter. Norges Bank bought a new stake in TechTarget during the fourth quarter worth approximately $1,364,000. FMR LLC lifted its holdings in shares of TechTarget by 2.5% in the third quarter. FMR LLC now owns 2,455,705 shares of the information services provider's stock valued at $60,042,000 after buying an additional 60,191 shares during the period. Barclays PLC grew 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 worth $1,123,000 after purchasing an additional 36,714 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of TechTarget by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 632,704 shares of the information services provider's stock valued at $12,543,000 after buying an additional 21,191 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.

TechTarget Trading Down 9.9 %

NASDAQ:TTGT traded down $0.91 during midday trading on Thursday, reaching $8.24. 154,003 shares of the stock traded hands, compared to its average volume of 170,866. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. TechTarget, Inc. has a 12 month low of $8.03 and a 12 month high of $35.11. The stock has a market capitalization of $240.75 million, a P/E ratio of -19.36, a PEG ratio of 113.92 and a beta of 1.03. The company has a fifty day moving average of $14.17 and a 200 day moving average of $20.72.

Analyst Ratings Changes

TTGT has been the topic of a number of research reports. Lake Street Capital dropped their target price on TechTarget from $36.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, December 30th. 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 cut their price target on TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Raymond James downgraded TechTarget from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Finally, StockNews.com assumed coverage on shares of TechTarget in a research report on Monday, February 10th. They set a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

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.