TechTarget Inc (NASDAQ:TTGT) Director Roger M. Marino sold 120,000 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $23.12, for a total transaction of $2,774,400.00. Following the completion of the sale, the director now owns 2,825 shares of the company’s stock, valued at approximately $65,314. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NASDAQ TTGT traded down $0.28 during trading on Friday, reaching $19.77. 1,137,686 shares of the stock traded hands, compared to its average volume of 434,234. The stock has a market cap of $595.47 million, a P/E ratio of 82.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.09 and a current ratio of 3.09. TechTarget Inc has a fifty-two week low of $10.27 and a fifty-two week high of $34.47.

TechTarget (NASDAQ:TTGT) last issued its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. TechTarget had a net margin of 10.24% and a return on equity of 9.77%. The firm had revenue of $31.47 million during the quarter, compared to analysts’ expectations of $30.81 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. analysts predict that TechTarget Inc will post 0.49 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on TTGT shares. Craig Hallum cut shares of TechTarget from a “buy” rating to a “hold” rating and set a $32.00 price target for the company. in a research report on Thursday, August 9th. They noted that the move was a valuation call. ValuEngine cut shares of TechTarget from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research cut shares of TechTarget from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. Finally, BidaskClub cut shares of TechTarget from a “buy” rating to a “hold” rating in a research report on Saturday, September 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $23.80.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in TechTarget by 30.4% in the first quarter. BlackRock Inc. now owns 1,267,958 shares of the information services provider’s stock valued at $25,207,000 after buying an additional 295,581 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of TechTarget by 34.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 42,700 shares of the information services provider’s stock worth $849,000 after purchasing an additional 11,000 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of TechTarget by 1,476.9% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 20,500 shares of the information services provider’s stock worth $582,000 after purchasing an additional 19,200 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of TechTarget in the first quarter worth $1,339,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of TechTarget by 23.0% in the first quarter. Dimensional Fund Advisors LP now owns 825,252 shares of the information services provider’s stock worth $16,406,000 after purchasing an additional 154,516 shares in the last quarter. 59.09% of the stock is currently owned by hedge funds and other institutional investors.

About TechTarget

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 marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases.

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