Royce & Associates LP Cuts Position in TechTarget, Inc. (NASDAQ:TTGT)

Royce & Associates LP cut its holdings in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 62.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the information services provider's stock after selling 50,000 shares during the quarter. Royce & Associates LP owned 0.10% of TechTarget worth $595,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. M&T Bank Corp raised its position in TechTarget by 16.8% during the fourth quarter. M&T Bank Corp now owns 37,999 shares of the information services provider's stock worth $753,000 after acquiring an additional 5,476 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of TechTarget by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,036 shares of the information services provider's stock worth $4,480,000 after purchasing an additional 6,074 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of TechTarget by 21.3% during the 4th quarter. Impax Asset Management Group plc now owns 426,387 shares of the information services provider's stock worth $8,451,000 after purchasing an additional 75,000 shares during the last quarter. Acuitas Investments LLC lifted its stake in TechTarget by 29.5% in the 4th quarter. Acuitas Investments LLC now owns 36,332 shares of the information services provider's stock valued at $720,000 after buying an additional 8,271 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in TechTarget by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 128,412 shares of the information services provider's stock worth $2,545,000 after buying an additional 6,577 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

TTGT has been the topic of several research reports. Raymond James downgraded TechTarget from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 target price on shares of TechTarget in a research note on Wednesday, January 15th. Craig Hallum dropped their target price on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $18.00 price target on shares of TechTarget in a research note on Tuesday, January 21st. Finally, Lake Street Capital lowered their price target on shares of TechTarget from $36.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, December 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, TechTarget currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.14.

TechTarget Trading Up 0.1 %

TTGT stock traded up $0.01 during trading on Wednesday, reaching $14.83. 146,790 shares of the stock were exchanged, compared to its average volume of 155,861. The business has a 50 day moving average price of $15.80 and a 200-day moving average price of $21.87. TechTarget, Inc. has a 1 year low of $13.04 and a 1 year high of $35.11. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $433.56 million, a price-to-earnings ratio of -35.31, a P/E/G ratio of 113.92 and a beta of 1.05.

TechTarget 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.