TechTarget, Inc. (NASDAQ:TTGT) Stock Holdings Lifted by Barclays PLC

Barclays PLC raised its stake in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 399.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,914 shares of the information services provider's stock after purchasing an additional 36,714 shares during the quarter. Barclays PLC owned 0.16% of TechTarget worth $1,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in TechTarget by 4.5% during the 2nd 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 during the period. Inspire Investing LLC boosted its stake in shares of TechTarget by 4.3% in the second quarter. Inspire Investing LLC now owns 11,379 shares of the information services provider's stock valued at $355,000 after buying an additional 469 shares in the last quarter. Sei Investments Co. boosted its stake in shares of TechTarget by 5.1% in the second quarter. Sei Investments Co. now owns 34,543 shares of the information services provider's stock valued at $1,077,000 after buying an additional 1,690 shares in the last quarter. Texas Permanent School Fund Corp raised its position in TechTarget by 10.0% in the second quarter. Texas Permanent School Fund Corp now owns 24,884 shares of the information services provider's stock worth $776,000 after acquiring an additional 2,254 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in TechTarget by 31.7% in the third quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider's stock valued at $331,000 after buying an additional 3,260 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TTGT. Lake Street Capital dropped their target price on TechTarget from $36.00 to $24.00 and set a "buy" rating for the company in a research note on Monday. Craig Hallum increased their price objective on shares of TechTarget from $36.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of TechTarget in a report on Wednesday, November 13th. StockNews.com assumed coverage on shares of TechTarget in a research report on Tuesday, December 24th. They set a "hold" rating for the company. Finally, KeyCorp lowered their price objective on shares of TechTarget from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $36.14.

TechTarget Stock Performance

Shares of TTGT stock traded up $0.61 on Monday, hitting $20.09. 258,306 shares of the stock traded hands, compared to its average volume of 333,895. The company's fifty day moving average is $26.79 and its 200 day moving average is $27.58. TechTarget, Inc. has a 1-year low of $18.26 and a 1-year high of $33.08. The company has a market capitalization of $587.33 million, a PE ratio of -47.83, a PEG ratio of 12.04 and a beta of 1.04. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49.

TechTarget (NASDAQ:TTGT - Get Free Report) last issued its earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. The firm had revenue of $58.47 million for the quarter, compared to analyst estimates of $58.14 million. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. On average, equities research analysts predict that TechTarget, Inc. will post 0.55 earnings per share for the current fiscal year.

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.