TechTarget Inc. (TTGT) Shares Gap Up to $8.74
TechTarget Inc. (NASDAQ:TTGT)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $8.69, but opened at $8.74. TechTarget shares last traded at $8.94, with a volume of 24,476 shares changing hands.
Several research firms have commented on TTGT. Jefferies Group reissued a “buy” rating on shares of TechTarget in a report on Monday, July 11th. Needham & Company LLC reissued a “buy” rating and issued a $12.00 target price on shares of TechTarget in a report on Wednesday. Zacks Investment Research lowered shares of TechTarget from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Sidoti began coverage on shares of TechTarget in a report on Wednesday. They issued a “buy” rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $11.25.
The company has a market cap of $287.09 million and a P/E ratio of 44.06. The firm’s 50 day moving average price is $8.29 and its 200-day moving average price is $7.72.
In related news, insider Jay C. Hoag sold 2,250,000 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $8.25, for a total value of $18,562,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay C. Hoag sold 3,379,249 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $7.75, for a total value 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 position in TechTarget Inc. (NASDAQ:TTGT) by 29.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 362,368 shares of the company’s stock after buying an additional 81,562 shares during the period. Dimensional Fund Advisors LP owned 1.12% of TechTarget worth $2,910,000 at the end of the most recent reporting period.
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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