TechTarget, Inc. $TTGT Shares Purchased by EVR Research LP

EVR Research LP increased its holdings in shares of TechTarget, Inc. (NASDAQ:TTGT) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,165,130 shares of the information services provider’s stock after purchasing an additional 155,130 shares during the quarter. TechTarget accounts for approximately 3.4% of EVR Research LP’s portfolio, making the stock its 11th biggest position. EVR Research LP’s holdings in TechTarget were worth $6,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of TechTarget by 103.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,658 shares of the information services provider’s stock worth $33,000 after purchasing an additional 2,877 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of TechTarget during the 2nd quarter worth about $81,000. CWM LLC increased its position in shares of TechTarget by 454.8% during the 4th 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 during the last quarter. Graham Capital Management L.P. acquired a new stake in shares of TechTarget during the 4th quarter worth about $58,000. Finally, Quotient Wealth Partners LLC acquired a new stake in shares of TechTarget during the 4th quarter worth about $59,000. 93.52% of the stock is owned by institutional investors and hedge funds.

TechTarget Stock Performance

Shares of TechTarget stock opened at $3.57 on Thursday. The business has a 50-day moving average of $4.71 and a 200 day moving average of $4.76. TechTarget, Inc. has a 12 month low of $3.41 and a 12 month high of $9.00. The stock has a market capitalization of $258.11 million, a price-to-earnings ratio of -0.46 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.15 and a quick ratio of 1.15.

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

Analyst Upgrades and Downgrades

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

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.