Rice Hall James & Associates LLC Buys 412,584 Shares of TechTarget, Inc. $TTGT

Rice Hall James & Associates LLC raised its stake in shares of TechTarget, Inc. (NASDAQ:TTGT) by 23.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,158,390 shares of the information services provider’s stock after purchasing an additional 412,584 shares during the quarter. Rice Hall James & Associates LLC’s holdings in TechTarget were worth $8,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TTGT. BNP Paribas Financial Markets grew its holdings in TechTarget by 103.5% during the third 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 period. Mercer Global Advisors Inc. ADV acquired a new stake in TechTarget in the fourth quarter worth $55,000. The Manufacturers Life Insurance Company bought a new position in shares of TechTarget during the second quarter worth $81,000. CWM LLC boosted its position in shares of TechTarget by 454.8% during the fourth quarter. CWM LLC now owns 10,664 shares of the information services provider’s stock worth $58,000 after purchasing an additional 8,742 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in shares of TechTarget in the 4th quarter valued at $58,000. 93.52% of the stock is owned by institutional investors.

TechTarget Trading Down 4.5%

NASDAQ:TTGT opened at $3.40 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.15 and a quick ratio of 1.15. The business’s 50-day simple moving average is $3.99 and its 200-day simple moving average is $4.47. TechTarget, Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $8.81. The stock has a market capitalization of $245.82 million, a PE ratio of -0.44 and a beta of 1.14.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TechTarget in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TechTarget presently has a consensus rating of “Hold” and an average price target of $11.50.

About TechTarget

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.