TechTarget (NASDAQ:TTGT) Hits New 1-Year Low - Time to Sell?

TechTarget, Inc. (NASDAQ:TTGT - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.34 and last traded at $17.13, with a volume of 18606 shares trading hands. The stock had previously closed at $17.52.

Analysts Set New Price Targets

TTGT has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of TechTarget in a research note on Wednesday, January 15th. Raymond James downgraded shares of TechTarget from an "outperform" rating to a "market perform" rating in a research note on Tuesday. KeyCorp cut their target price on shares of TechTarget from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Thursday, November 14th. Craig Hallum cut their target price on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Finally, StockNews.com initiated coverage on shares of TechTarget in a research note on Monday. They set a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.14.

TechTarget Stock Down 5.3 %

The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. The company has a market cap of $461.99 million, a price-to-earnings ratio of -37.61, a PEG ratio of 139.38 and a beta of 1.02. The firm's fifty day simple moving average is $19.12 and its 200 day simple moving average is $24.58.

TechTarget (NASDAQ:TTGT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The information services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. TechTarget had a negative net margin of 5.34% and a positive return on equity of 5.44%. The company had revenue of $58.47 million during the quarter, compared to analysts' expectations of $58.14 million. During the same quarter in the previous year, the business posted $0.13 EPS. The firm's revenue was up 2.4% on a year-over-year basis. Sell-side analysts predict that TechTarget, Inc. will post -0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in TechTarget by 48.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,809 shares of the information services provider's stock worth $373,000 after acquiring an additional 6,126 shares in the last quarter. State of Tennessee Department of Treasury boosted its holdings in shares of 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 valued at $239,000 after buying an additional 910 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of TechTarget by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 806,078 shares of the information services provider's stock valued at $15,977,000 after buying an additional 11,646 shares in the last quarter. Advisory Research Inc. acquired a new position in shares of TechTarget in the 4th quarter valued at $2,364,000. Finally, Barclays PLC boosted its holdings in shares of TechTarget by 5.6% in the 4th quarter. Barclays PLC now owns 48,477 shares of the information services provider's stock valued at $961,000 after buying an additional 2,563 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

About TechTarget

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.