TechTarget Inc. (TTGT) Trading Up 2.1%
Shares of TechTarget Inc. (NASDAQ:TTGT) were up 2.1% during mid-day trading on Wednesday . The stock traded as high as $8.61 and last traded at $8.59, with a volume of 59,473 shares trading hands. The stock had previously closed at $8.41.
Several analysts recently issued reports on TTGT shares. Needham & Company LLC reaffirmed a “buy” rating on shares of TechTarget in a research note on Monday, June 27th. Jefferies Group reaffirmed a “buy” rating and set a $10.00 price objective on shares of TechTarget in a research note on Monday, June 27th. Finally, Zacks Investment Research cut shares of TechTarget from a “buy” rating to a “hold” rating in a research note on Wednesday.
The stock has a market capitalization of $277.09 million and a price-to-earnings ratio of 42.52. The firm’s 50 day moving average is $8.19 and its 200-day moving average is $7.69.
In other TechTarget news, insider Jay C. Hoag sold 2,250,000 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $8.25, for a total transaction of $18,562,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay C. Hoag sold 3,379,249 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $7.75, for a total transaction of $26,189,179.75. The disclosure for this sale can be found here.
An institutional investor recently raised its position in TechTarget stock. Dimensional Fund Advisors LP raised its stake in TechTarget Inc. (NASDAQ:TTGT) by 29.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 362,368 shares of the company’s stock after buying an additional 81,562 shares during the period. Dimensional Fund Advisors LP owned about 1.12% of TechTarget worth $2,910,000 as of its most recent SEC filing.
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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