Impax Asset Management Group plc Increases Stake in TechTarget, Inc. (NASDAQ:TTGT)

Impax Asset Management Group plc lifted its position in shares of TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 21.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 426,387 shares of the information services provider's stock after acquiring an additional 75,000 shares during the quarter. Impax Asset Management Group plc owned approximately 1.46% of TechTarget worth $8,451,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TTGT. KBC Group NV raised its holdings in TechTarget by 79.1% during the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider's stock valued at $43,000 after acquiring an additional 962 shares during the period. MeadowBrook Investment Advisors LLC grew its position in shares of TechTarget by 26.4% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider's stock valued at $169,000 after purchasing an additional 1,780 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of TechTarget during the 3rd quarter valued at $245,000. Intech Investment Management LLC purchased a new stake in TechTarget during the 3rd quarter worth about $257,000. Finally, Quest Partners LLC bought a new position in TechTarget in the 3rd quarter worth about $272,000. Hedge funds and other institutional investors own 93.52% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TTGT shares. Raymond James downgraded shares of TechTarget from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of TechTarget in a research note on Wednesday, January 15th. Craig Hallum reduced their price target 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. KeyCorp decreased their price target on shares of TechTarget from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. Finally, Lake Street Capital dropped their price objective on TechTarget from $36.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, December 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.14.

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TechTarget Price Performance

NASDAQ TTGT traded down $0.15 during trading hours on Friday, reaching $14.67. 191,441 shares of the stock traded hands, compared to its average volume of 218,145. The stock has a 50 day simple moving average of $17.55 and a two-hundred day simple moving average of $23.47. TechTarget, Inc. has a 1 year low of $14.22 and a 1 year high of $33.08. 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 company has a market cap of $428.88 million, a price-to-earnings ratio of -34.93, a price-to-earnings-growth ratio of 113.92 and a beta of 1.02.

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.