Fmr LLC Purchases 60,191 Shares of TechTarget, Inc. (NASDAQ:TTGT)

FMR LLC boosted its holdings in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,455,705 shares of the information services provider's stock after acquiring an additional 60,191 shares during the quarter. FMR LLC owned 8.40% of TechTarget worth $60,042,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TTGT. BOKF NA bought a new position in TechTarget in the 2nd quarter valued at about $239,000. Cornercap Investment Counsel Inc. bought a new position in shares of TechTarget during the 3rd quarter worth approximately $245,000. Intech Investment Management LLC bought a new position in shares of TechTarget during the 3rd quarter worth approximately $257,000. Quest Partners LLC bought a new position in shares of TechTarget during the 3rd quarter worth approximately $272,000. Finally, SG Americas Securities LLC bought a new position in shares of TechTarget during the 3rd quarter worth approximately $307,000. Institutional investors own 93.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TTGT. Craig Hallum lifted their target price on shares of TechTarget from $36.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Raymond James decreased their price target on shares of TechTarget from $39.00 to $34.00 and set an "outperform" rating for the company in a research note on Monday, August 12th. StockNews.com assumed coverage on shares of TechTarget in a research note on Thursday. They set a "hold" rating for the company. Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of TechTarget in a research note on Wednesday, November 13th. Finally, KeyCorp decreased their price target 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.17.

TechTarget Price Performance

TechTarget stock traded down $1.22 during mid-day trading on Friday, reaching $25.54. The company's stock had a trading volume of 286,594 shares, compared to its average volume of 150,973. The firm's fifty day moving average price is $28.32 and its two-hundred day moving average price is $28.73. TechTarget, Inc. has a 12-month low of $22.01 and a 12-month high of $33.08. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65.

TechTarget (NASDAQ:TTGT - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.05. TechTarget had a negative net margin of 5.34% and a positive return on equity of 5.44%. The firm had revenue of $58.47 million for the quarter, compared to analysts' expectations of $58.14 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts forecast that TechTarget, Inc. will post 0.55 earnings per share 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.