Rice Hall James & Associates LLC Boosts Stock Holdings in TechTarget, Inc. (NASDAQ:TTGT)

Rice Hall James & Associates LLC lifted its position in TechTarget, Inc. (NASDAQ:TTGT) by 10.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 267,592 shares of the information services provider’s stock after acquiring an additional 25,047 shares during the quarter. Rice Hall James & Associates LLC’s holdings in TechTarget were worth $6,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC boosted its stake in shares of TechTarget by 48.1% during the 3rd quarter. Inspire Investing LLC now owns 16,856 shares of the information services provider’s stock worth $412,000 after acquiring an additional 5,477 shares in the last quarter. SG Americas Securities LLC acquired a new position in TechTarget in the 3rd quarter worth about $307,000. The Manufacturers Life Insurance Company boosted its position in TechTarget by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider’s stock worth $311,000 after purchasing an additional 430 shares in the last quarter. Earnest Partners LLC increased its position in shares of TechTarget by 6.3% in the second quarter. Earnest Partners LLC now owns 495,701 shares of the information services provider’s stock valued at $15,451,000 after buying an additional 29,375 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of TechTarget by 6.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 57,206 shares of the information services provider’s stock worth $1,783,000 after buying an additional 3,608 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTGT has been the topic of a number of research analyst reports. Raymond James dropped their price target on shares of TechTarget from $39.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. KeyCorp dropped their target price on shares of TechTarget from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Needham & Company LLC reduced their price target on shares of TechTarget from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Finally, Craig Hallum upgraded TechTarget from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $36.00 in a report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.67.

TechTarget Price Performance

Shares of NASDAQ TTGT opened at $28.95 on Friday. The firm has a 50-day simple moving average of $25.91 and a 200-day simple moving average of $28.46. The company has a current ratio of 9.35, a quick ratio of 9.35 and a debt-to-equity ratio of 1.74. TechTarget, Inc. has a 52 week low of $22.82 and a 52 week high of $41.93.

TechTarget (NASDAQ:TTGT) last released its quarterly earnings data on Thursday, August 8th. The information services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $58.91 million during the quarter, compared to the consensus estimate of $58.08 million. TechTarget had a negative net margin of 3.84% and a positive return on equity of 5.92%. TechTarget’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS. Equities research analysts predict that TechTarget, Inc. will post 0.5 EPS for the current year.

TechTarget Company Profile

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.