TechTarget, Inc. (NASDAQ:TTGT) Short Interest Update

TechTarget, Inc. (NASDAQ:TTGT) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 587,800 shares, an increase of 19.9% from the January 31st total of 490,200 shares. Currently, 5.0% of the company’s stock are short sold. Based on an average daily volume of 258,000 shares, the short-interest ratio is presently 2.3 days.

TechTarget Stock Performance

Shares of NASDAQ TTGT opened at $14.08 on Friday. The firm has a market cap of $411.63 million, a price-to-earnings ratio of -33.52, a P/E/G ratio of 113.92 and a beta of 1.02. TechTarget has a one year low of $13.51 and a one year high of $35.11. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. The stock’s fifty day moving average price is $17.10 and its two-hundred day moving average price is $23.05.

Analyst Upgrades and Downgrades

TTGT has been the topic of a number of research analyst reports. KeyCorp dropped their price target on TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Raymond James cut TechTarget from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Craig Hallum dropped their price target on TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Lake Street Capital dropped their price target on TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, December 30th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.00 price objective on shares of TechTarget in a report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.14.

Institutional Trading of TechTarget

Several large investors have recently modified their holdings of TTGT. KBC Group NV lifted its position in shares of TechTarget by 79.1% during the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock worth $43,000 after buying an additional 962 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of TechTarget during the fourth quarter worth about $103,000. MeadowBrook Investment Advisors LLC grew its stake in TechTarget by 26.4% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock worth $169,000 after purchasing an additional 1,780 shares during the period. Quantbot Technologies LP acquired a new stake in TechTarget during the fourth quarter worth approximately $173,000. Finally, State of Tennessee Department of Treasury grew its stake in TechTarget by 8.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider’s stock valued at $239,000 after acquiring an additional 910 shares during the period. 93.52% of the stock is owned by institutional investors and hedge funds.

About TechTarget

TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.