TechTarget Inc (NASDAQ:TTGT) Director Roger M. Marino Sells 43,826 Shares

TechTarget Inc (NASDAQ:TTGT) Director Roger M. Marino sold 43,826 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.49, for a total value of $1,117,124.74.

NASDAQ TTGT traded down $1.03 during trading hours on Monday, reaching $25.49. The company’s stock had a trading volume of 200,050 shares, compared to its average volume of 208,257. The firm has a market capitalization of $742.67 million, a price-to-earnings ratio of 56.64 and a beta of 0.75. TechTarget Inc has a 1-year low of $11.12 and a 1-year high of $30.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.46 and a quick ratio of 5.46. The company’s 50-day moving average is $25.73 and its two-hundred day moving average is $22.97.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in TechTarget by 3.1% in the 2nd quarter. BlackRock Inc. now owns 3,237,929 shares of the information services provider’s stock worth $68,808,000 after purchasing an additional 96,929 shares during the period. Vanguard Group Inc. raised its holdings in TechTarget by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,790,926 shares of the information services provider’s stock worth $38,057,000 after purchasing an additional 30,493 shares during the period. Renaissance Technologies LLC raised its holdings in TechTarget by 4.6% in the 2nd quarter. Renaissance Technologies LLC now owns 706,400 shares of the information services provider’s stock worth $15,011,000 after purchasing an additional 30,996 shares during the period. State Street Corp raised its holdings in TechTarget by 3.1% in the 3rd quarter. State Street Corp now owns 644,853 shares of the information services provider’s stock worth $14,525,000 after purchasing an additional 19,126 shares during the period. Finally, Bank of America Corp DE raised its holdings in TechTarget by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 523,993 shares of the information services provider’s stock worth $11,134,000 after purchasing an additional 13,911 shares during the period. 73.76% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut TechTarget from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. ValuEngine cut TechTarget from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Lake Street Capital boosted their price objective on TechTarget from $24.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, BidaskClub raised TechTarget from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. TechTarget has an average rating of “Buy” and a consensus price target of $26.67.

TechTarget Company Profile

TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.

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