Rice Hall James & Associates LLC Increases Position in TechTarget, Inc. (NASDAQ:TTGT)

Rice Hall James & Associates LLC boosted its stake in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 10.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,592 shares of the information services provider's stock after purchasing an additional 25,047 shares during the period. Rice Hall James & Associates LLC owned about 0.92% of TechTarget worth $6,543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TTGT. Earnest Partners LLC increased its holdings in TechTarget by 6.3% in the second quarter. Earnest Partners LLC now owns 495,701 shares of the information services provider's stock worth $15,451,000 after purchasing an additional 29,375 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of TechTarget in the first quarter valued at approximately $501,000. Sei Investments Co. grew its stake in TechTarget by 4.6% in the 1st quarter. Sei Investments Co. now owns 32,853 shares of the information services provider's stock valued at $1,087,000 after purchasing an additional 1,432 shares during the period. Swiss National Bank grew its position in TechTarget by 2.2% during the first quarter. Swiss National Bank now owns 50,500 shares of the information services provider's stock valued at $1,671,000 after buying an additional 1,100 shares during the period. Finally, Inspire Investing LLC grew its holdings in TechTarget by 4.3% during the second quarter. Inspire Investing LLC now owns 11,379 shares of the information services provider's stock valued at $355,000 after purchasing an additional 469 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.

TechTarget Price Performance

NASDAQ TTGT traded down $0.73 on Friday, reaching $28.21. 103,609 shares of the company's stock traded hands, compared to its average volume of 128,256. The stock has a market cap of $824.86 million, a PE ratio of -96.48, a P/E/G ratio of 33.43 and a beta of 1.06. TechTarget, Inc. has a 12 month low of $22.82 and a 12 month high of $41.93. The stock has a 50-day simple moving average of $25.91 and a 200 day simple moving average of $28.46. The company has a debt-to-equity ratio of 1.74, a current ratio of 9.35 and a quick ratio of 9.35.

TechTarget (NASDAQ:TTGT - Get Free Report) last issued its earnings results on Thursday, August 8th. The information services provider reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. TechTarget had a negative net margin of 3.84% and a positive return on equity of 5.92%. The company had revenue of $58.91 million for the quarter, compared to analysts' expectations of $58.08 million. During the same quarter last year, the company earned $0.17 EPS. The firm's revenue was up .8% compared to the same quarter last year. As a group, research analysts predict that TechTarget, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTGT has been the subject of a number of recent analyst reports. KeyCorp reduced their target price on TechTarget from $40.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, August 12th. Craig Hallum raised shares of TechTarget from a "hold" rating to a "buy" rating and raised their target price for the company from $34.00 to $36.00 in a research note on Tuesday, October 15th. Raymond James cut 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. Finally, Needham & Company LLC lowered their price objective on shares of TechTarget from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, September 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.67.

About TechTarget

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.