Barclays PLC Purchases 36,714 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Barclays PLC grew its holdings in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 399.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,914 shares of the information services provider's stock after buying an additional 36,714 shares during the quarter. Barclays PLC owned 0.16% of TechTarget worth $1,123,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. BOKF NA acquired a new stake in shares of TechTarget during the 2nd quarter worth about $239,000. The Manufacturers Life Insurance Company increased its position in shares of 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 in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of TechTarget during the 3rd quarter worth about $245,000. Intech Investment Management LLC bought a new stake in TechTarget during the 3rd quarter worth about $257,000. Finally, Quest Partners LLC acquired a new stake in TechTarget in the 3rd quarter valued at about $272,000. Institutional investors and hedge funds own 93.52% of the company's stock.

TechTarget Stock Up 0.8 %

TTGT traded up $0.14 during trading on Tuesday, reaching $17.86. The company had a trading volume of 48,745 shares, compared to its average volume of 187,790. The business's fifty day moving average price is $24.74 and its 200 day moving average price is $26.75. 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 $522.14 million, a P/E ratio of -42.52, a PEG ratio of 12.04 and a beta of 1.04. TechTarget, Inc. has a 12 month low of $17.21 and a 12 month high of $33.08.

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

Analysts Set New Price Targets

TTGT has been the subject of several research reports. 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 report on Thursday, November 14th. Craig Hallum lowered their price objective on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday. Lake Street Capital lowered their price objective on shares of TechTarget from $36.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, December 30th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price target on shares of TechTarget in a research report on Wednesday, November 13th. Finally, StockNews.com assumed coverage on shares of TechTarget in a report on Thursday, January 9th. They set a "hold" rating for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

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.