UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.49 Million Stock Holdings in TechTarget, Inc. (NASDAQ:TTGT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in TechTarget, Inc. (NASDAQ:TTGT) by 13.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,048 shares of the information services provider’s stock after selling 9,133 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of TechTarget worth $1,493,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TTGT. BNP Paribas Financial Markets raised its stake in shares of TechTarget by 31.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider’s stock valued at $331,000 after acquiring an additional 3,260 shares in the last quarter. FMR LLC raised its position in shares of TechTarget by 2.5% in the third quarter. FMR LLC now owns 2,455,705 shares of the information services provider’s stock valued at $60,042,000 after purchasing an additional 60,191 shares during the period. Intech Investment Management LLC acquired a new stake in shares of TechTarget in the third quarter worth $257,000. LMR Partners LLP bought a new stake in shares of TechTarget during the 3rd quarter worth $526,000. Finally, Quest Partners LLC acquired a new position in TechTarget in the 3rd quarter valued at $272,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. KeyCorp dropped their price target on TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Craig Hallum lifted their price objective on TechTarget from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of TechTarget in a research note on Wednesday, November 13th. Finally, StockNews.com started coverage on shares of TechTarget in a research note on Thursday, December 5th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.17.

TechTarget Price Performance

Shares of TTGT stock opened at $20.20 on Tuesday. The firm’s 50 day moving average price is $28.17 and its two-hundred day moving average price is $28.45. The stock has a market cap of $590.65 million, a PE ratio of -48.24, a PEG ratio of 12.04 and a beta of 1.04. TechTarget, Inc. has a 52-week low of $19.90 and a 52-week high of $33.08. 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 (NASDAQ:TTGT) 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. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The business had revenue of $58.47 million during the quarter, compared to analysts’ expectations of $58.14 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts forecast that TechTarget, Inc. will post 0.55 EPS for the current year.

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.