Samjo Management LLC Lowers Stock Holdings in TechTarget, Inc. (NASDAQ:TTGT)

Samjo Management LLC cut its stake in shares of TechTarget, Inc. (NASDAQ:TTGT) by 68.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,975 shares of the information services provider’s stock after selling 106,225 shares during the period. Samjo Management LLC owned approximately 0.17% of TechTarget worth $971,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. KBC Group NV raised its stake in shares of TechTarget by 79.1% during the fourth quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock worth $43,000 after purchasing an additional 962 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in TechTarget during the 4th quarter worth $103,000. MeadowBrook Investment Advisors LLC lifted its stake in shares of TechTarget by 26.4% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock worth $169,000 after acquiring an additional 1,780 shares during the period. Quantbot Technologies LP purchased a new stake in shares of TechTarget in the fourth quarter valued at about $173,000. Finally, Intech Investment Management LLC acquired a new position in shares of TechTarget during the third quarter worth about $257,000. 93.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Needham & Company LLC lowered their price objective on TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Raymond James downgraded TechTarget from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. StockNews.com initiated coverage on TechTarget in a research report on Monday, February 10th. They issued a “hold” rating for the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $18.00 target price on shares of TechTarget in a research report on Tuesday, January 21st. Finally, Lake Street Capital cut their price target on shares of TechTarget from $36.00 to $24.00 and set a “buy” rating for the company in a report on Monday, December 30th. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $28.00.

TechTarget Stock Performance

Shares of TTGT opened at $9.23 on Friday. The company has a 50-day moving average of $15.02 and a two-hundred day moving average of $21.28. The stock has a market cap of $269.84 million, a P/E ratio of -21.98, a PEG ratio of 113.92 and a beta of 1.05. TechTarget, Inc. has a 12-month low of $8.66 and a 12-month high of $35.11. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65.

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.