TechTarget, Inc. (NASDAQ:TTGT) President Rebecca Kitchens Sells 750 Shares

TechTarget, Inc. (NASDAQ:TTGTGet Rating) President Rebecca Kitchens sold 750 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $49.13, for a total value of $36,847.50. Following the sale, the president now directly owns 17,746 shares of the company’s stock, valued at $871,860.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TechTarget Stock Down 1.9 %

TTGT stock traded down $0.95 on Wednesday, hitting $48.00. 151,572 shares of the company’s stock were exchanged, compared to its average volume of 203,892. The company has a debt-to-equity ratio of 1.98, a quick ratio of 7.53 and a current ratio of 7.53. The firm has a 50 day moving average price of $44.93 and a two-hundred day moving average price of $56.53. The stock has a market cap of $1.41 billion, a P/E ratio of 94.13 and a beta of 0.88. TechTarget, Inc. has a 12-month low of $41.79 and a 12-month high of $91.95.

TechTarget (NASDAQ:TTGTGet Rating) last posted its quarterly earnings results on Wednesday, November 9th. The information services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $77.41 million for the quarter, compared to the consensus estimate of $80.26 million. TechTarget had a return on equity of 23.09% and a net margin of 6.12%. As a group, equities research analysts expect that TechTarget, Inc. will post 1.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TTGT shares. Cowen decreased their target price on TechTarget to $47.00 in a research report on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft lowered TechTarget from a “buy” rating to a “hold” rating and reduced their price target for the stock from $85.00 to $45.00 in a research report on Thursday, November 10th. Craig Hallum lowered TechTarget from a “buy” rating to a “hold” rating and reduced their price target for the stock from $85.00 to $45.00 in a research report on Thursday, November 10th. StockNews.com started coverage on TechTarget in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group started coverage on TechTarget in a research report on Tuesday, December 20th. They issued a “neutral” rating and a $57.00 price target for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.50.

Institutional Trading of TechTarget

Several large investors have recently added to or reduced their stakes in TTGT. SeaCrest Wealth Management LLC purchased a new stake in TechTarget during the 2nd quarter valued at about $26,000. CWM LLC lifted its holdings in shares of TechTarget by 4,977.8% in the 2nd quarter. CWM LLC now owns 457 shares of the information services provider’s stock valued at $30,000 after buying an additional 448 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of TechTarget by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 828 shares of the information services provider’s stock valued at $67,000 after buying an additional 282 shares during the period. Huntington National Bank lifted its holdings in shares of TechTarget by 20.2% in the 3rd quarter. Huntington National Bank now owns 1,523 shares of the information services provider’s stock valued at $90,000 after buying an additional 256 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of TechTarget by 65.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,104 shares of the information services provider’s stock valued at $125,000 after buying an additional 834 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

About TechTarget

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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. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.

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