TechTarget, Inc. $TTGT Shares Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC raised its position in TechTarget, Inc. (NASDAQ:TTGT) by 34.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,745,806 shares of the information services provider’s stock after purchasing an additional 446,280 shares during the quarter. Rice Hall James & Associates LLC owned about 2.42% of TechTarget worth $9,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TTGT. BNP Paribas Financial Markets boosted its holdings in TechTarget by 103.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,658 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 2,877 shares during the last quarter. CWM LLC raised its stake in shares of TechTarget by 454.8% in the 4th quarter. CWM LLC now owns 10,664 shares of the information services provider’s stock valued at $58,000 after acquiring an additional 8,742 shares during the period. Quotient Wealth Partners LLC purchased a new stake in shares of TechTarget in the 4th quarter valued at approximately $59,000. The Manufacturers Life Insurance Company purchased a new stake in shares of TechTarget in the 2nd quarter valued at approximately $81,000. Finally, Legato Capital Management LLC purchased a new stake in shares of TechTarget in the 3rd quarter valued at approximately $90,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTGT has been the topic of a number of research analyst reports. Wall Street Zen raised shares of TechTarget from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of TechTarget in a research note on Monday, April 20th. Needham & Company LLC reissued a “buy” rating on shares of TechTarget in a research note on Thursday, March 12th. Finally, Lake Street Capital reduced their price target on shares of TechTarget from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.50.

TechTarget Price Performance

Shares of TTGT opened at $3.65 on Tuesday. TechTarget, Inc. has a fifty-two week low of $3.41 and a fifty-two week high of $9.00. The firm’s 50 day moving average price is $4.74 and its 200 day moving average price is $4.78. The company has a market cap of $263.90 million, a P/E ratio of -0.47 and a beta of 1.13. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.23.

TechTarget (NASDAQ:TTGT) last announced its earnings results on Thursday, May 7th. The information services provider reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.59). TechTarget had a positive return on equity of 5.19% and a negative net margin of 113.65%.The business had revenue of $106.05 million for the quarter, compared to analysts’ expectations of $104.93 million.

TechTarget Company Profile

TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget’s offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.

The company’s core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.