BidaskClub downgraded shares of TechTarget (NASDAQ:TTGT) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded TechTarget from a hold rating to a sell rating in a report on Tuesday, November 14th. Jefferies Group reissued a hold rating and issued a $13.00 target price on shares of TechTarget in a report on Friday, November 10th. Finally, Needham & Company LLC reissued a buy rating and issued a $14.00 target price (up from $11.00) on shares of TechTarget in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. TechTarget presently has an average rating of Hold and an average price target of $12.00.

TechTarget (TTGT) opened at $14.04 on Tuesday. The company has a market capitalization of $376.43, a P/E ratio of 113.67, a PEG ratio of 3.41 and a beta of 1.41. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. TechTarget has a 1-year low of $8.00 and a 1-year high of $14.16.

TechTarget (NASDAQ:TTGT) last announced its earnings results on Wednesday, November 8th. The information services provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $28.01 million for the quarter, compared to the consensus estimate of $28.34 million. TechTarget had a return on equity of 3.01% and a net margin of 3.33%. TechTarget’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. research analysts anticipate that TechTarget will post 0.2 earnings per share for the current fiscal year.

In other TechTarget news, President Kevin Beam sold 30,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $13.10, for a total transaction of $393,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Nine Ten Partners Lp sold 7,945 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $11.01, for a total value of $87,474.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 230,890 shares of company stock worth $2,854,787. Company insiders own 30.19% of the company’s stock.

A number of large investors have recently bought and sold shares of TTGT. JPMorgan Chase & Co. raised its position in shares of TechTarget by 457.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 60,266 shares of the information services provider’s stock valued at $625,000 after acquiring an additional 49,452 shares during the last quarter. EAM Investors LLC bought a new stake in shares of TechTarget during the 3rd quarter valued at $669,000. Trigran Investments Inc. raised its position in shares of TechTarget by 0.7% during the 2nd quarter. Trigran Investments Inc. now owns 2,647,656 shares of the information services provider’s stock valued at $27,456,000 after acquiring an additional 19,425 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of TechTarget by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 620,771 shares of the information services provider’s stock valued at $6,438,000 after acquiring an additional 44,102 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of TechTarget by 19.8% during the 2nd quarter. Northern Trust Corp now owns 229,832 shares of the information services provider’s stock valued at $2,384,000 after acquiring an additional 38,028 shares during the last quarter. 55.84% of the stock is currently owned by hedge funds and other institutional investors.

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About TechTarget

TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.

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