Advisory Research Inc. Makes New $2.36 Million Investment in TechTarget, Inc. (NASDAQ:TTGT)

Advisory Research Inc. purchased a new stake in TechTarget, Inc. (NASDAQ:TTGT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 119,268 shares of the information services provider's stock, valued at approximately $2,364,000. Advisory Research Inc. owned approximately 0.41% of TechTarget at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of TechTarget by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 632,704 shares of the information services provider's stock valued at $12,543,000 after acquiring an additional 21,191 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in TechTarget by 13.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 581,430 shares of the information services provider's stock worth $11,524,000 after buying an additional 68,364 shares during the period. Renaissance Technologies LLC boosted its holdings in TechTarget by 0.7% in the fourth quarter. Renaissance Technologies LLC now owns 542,877 shares of the information services provider's stock valued at $10,760,000 after acquiring an additional 3,710 shares during the last quarter. Impax Asset Management Group plc raised its holdings in TechTarget by 21.3% during the 4th quarter. Impax Asset Management Group plc now owns 426,387 shares of the information services provider's stock worth $8,451,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of TechTarget by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,036 shares of the information services provider's stock worth $4,480,000 after purchasing an additional 6,074 shares during the period. 93.52% of the stock is owned by institutional investors.

TechTarget Stock Performance

Shares of TechTarget stock traded down $1.09 during trading hours on Monday, hitting $7.07. 716,996 shares of the company's stock traded hands, compared to its average volume of 181,567. The company has a fifty day simple moving average of $12.85 and a 200-day simple moving average of $19.92. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. The stock has a market capitalization of $206.69 million, a price-to-earnings ratio of -16.83, a PEG ratio of 113.92 and a beta of 1.03. TechTarget, Inc. has a 12-month low of $7.03 and a 12-month high of $35.11.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TTGT. Lake Street Capital dropped their target price on shares of TechTarget from $24.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Raymond James downgraded TechTarget from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Craig Hallum reduced their price objective on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Needham & Company LLC cut their target price on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, StockNews.com lowered shares of TechTarget from a "hold" rating to a "sell" rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $26.29.

TechTarget 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.