TechTarget (NASDAQ:TTGT) Stock Rating Lowered by StockNews.com

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

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

TechTarget Stock Down 12.7 %

NASDAQ:TTGT traded down $1.04 on Friday, hitting $7.12. The stock had a trading volume of 930,928 shares, compared to its average volume of 182,101. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. TechTarget has a 52 week low of $7.03 and a 52 week high of $35.11. The business's fifty day moving average is $12.85 and its 200 day moving average is $19.92. The company has a market cap of $208.15 million, a PE ratio of -16.95, a P/E/G ratio of 113.92 and a beta of 1.03.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TTGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TechTarget by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,860 shares of the information services provider's stock worth $295,000 after purchasing an additional 698 shares during the period. Balyasny Asset Management L.P. boosted its position in TechTarget by 3.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 22,199 shares of the information services provider's stock valued at $440,000 after buying an additional 747 shares during the period. State of Tennessee Department of Treasury grew its holdings in TechTarget by 8.2% in the 4th 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 last quarter. KBC Group NV increased its position in shares of TechTarget by 79.1% in the fourth 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. Finally, Geode Capital Management LLC raised its stake in shares of TechTarget by 0.3% during the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider's stock valued at $14,955,000 after acquiring an additional 1,602 shares during the last quarter. Hedge funds and other institutional investors 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.