LMR Partners LLP bought a new position in TechTarget, Inc. (NASDAQ:TTGT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,529 shares of the information services provider's stock, valued at approximately $526,000. LMR Partners LLP owned about 0.07% of TechTarget as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. BOKF NA bought a new stake in TechTarget in the 2nd quarter worth $239,000. Cornercap Investment Counsel Inc. purchased a new position in TechTarget during the 3rd quarter valued at about $245,000. Quest Partners LLC purchased a new stake in TechTarget in the 3rd quarter worth approximately $272,000. SG Americas Securities LLC purchased a new stake in TechTarget in the 3rd quarter worth approximately $307,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of TechTarget by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider's stock valued at $311,000 after buying an additional 430 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.
TechTarget Price Performance
TTGT traded down $0.52 during trading on Wednesday, reaching $30.00. 147,823 shares of the company traded hands, compared to its average volume of 129,444. The company has a market cap of $877.05 million, a P/E ratio of -71.43, a PEG ratio of 28.59 and a beta of 1.03. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. TechTarget, Inc. has a 12-month low of $22.82 and a 12-month high of $41.93. The firm has a fifty day simple moving average of $26.90 and a 200 day simple moving average of $28.68.
TechTarget (NASDAQ:TTGT - Get Free Report) last posted its earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.05. The firm had revenue of $58.47 million for the quarter, compared to the consensus estimate of $58.14 million. TechTarget had a negative net margin of 5.34% and a positive return on equity of 5.44%. The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. On average, equities analysts forecast that TechTarget, Inc. will post 0.57 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on TTGT. Craig Hallum boosted their price target on shares of TechTarget from $36.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. KeyCorp lowered their target price on TechTarget from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Thursday, November 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price target on shares of TechTarget in a research note on Wednesday, November 13th. Finally, Raymond James reduced their target price on shares of TechTarget from $39.00 to $34.00 and set an "outperform" rating on the stock in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, TechTarget presently has an average rating of "Moderate Buy" and a consensus target price of $38.17.
View Our Latest Stock Report on TechTarget
TechTarget Profile
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Free Report)
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.
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