TechTarget (NASDAQ:TTGT) Reaches New 1-Year Low at $33.01

Shares of TechTarget, Inc. (NASDAQ:TTGT – Get Rating) reached a new 52-week low during trading on Wednesday . The stock traded as low as $33.01 and last traded at $33.72, with a volume of 21390 shares traded. The stock had previously closed at $34.22.

Analyst Upgrades and Downgrades

TTGT has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of TechTarget in a report on Thursday, February 16th. They set an “underweight” rating and a $41.00 price target for the company. KeyCorp decreased their price target on shares of TechTarget from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, February 10th. The Goldman Sachs Group initiated coverage on shares of TechTarget in a report on Tuesday, December 20th. They set a “neutral” rating and a $57.00 price target for the company. Raymond James decreased their price target on shares of TechTarget from $55.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, February 10th. Finally, StockNews.com assumed coverage on shares of TechTarget in a research note on Thursday. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, TechTarget currently has an average rating of “Hold” and a consensus target price of $48.63.

TechTarget Price Performance

The company has a debt-to-equity ratio of 2.10, a current ratio of 7.44 and a quick ratio of 7.44. The stock has a market capitalization of $993.70 million, a price-to-earnings ratio of 26.66 and a beta of 0.96. The stock’s 50 day simple moving average is $43.20 and its 200-day simple moving average is $50.48.

Insider Transactions at TechTarget

In other news, President Rebecca Kitchens sold 750 shares of the business’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $49.13, for a total value of $36,847.50. Following the completion of the sale, the president now directly owns 17,746 shares in the company, valued at $871,860.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Robert D. Burke sold 1,200 shares of the business’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $39.57, for a total value of $47,484.00. Following the completion of the sale, the director now directly owns 1,300 shares in the company, valued at $51,441. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Rebecca Kitchens sold 750 shares of the business’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $49.13, for a total transaction of $36,847.50. Following the completion of the sale, the president now owns 17,746 shares of the company’s stock, valued at $871,860.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,700 shares of company stock worth $113,957. 8.92% of the stock is owned by insiders.

Hedge Funds Weigh In On TechTarget

Institutional investors and hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC bought a new position in TechTarget during the second quarter worth $26,000. Arcadia Investment Management Corp MI bought a new position in TechTarget during the fourth quarter worth $46,000. State of Wyoming increased its position in TechTarget by 121.2% during the fourth quarter. State of Wyoming now owns 1,208 shares of the information services provider’s stock worth $53,000 after acquiring an additional 662 shares during the period. Advisors Asset Management Inc. increased its position in TechTarget by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 828 shares of the information services provider’s stock worth $67,000 after acquiring an additional 282 shares during the period. Finally, Point72 Middle East FZE bought a new position in TechTarget during the fourth quarter worth $73,000. Institutional investors own 99.61% of the company’s stock.

About TechTarget

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TechTarget, Inc engages in the provision of data and analytics and software solutions for purchase intent-driven marketing and sales data which delivers business impact for business-to-business companies. It operates through the North America and International geographical segments. Its solutions include tech marketing, ABM, tech sales, and intent-driven services.