Jane Street Group LLC Raises Stake in TechTarget, Inc. (NASDAQ:TTGT)

Jane Street Group LLC grew its holdings in TechTarget, Inc. (NASDAQ:TTGT) by 15.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 37,290 shares of the information services provider’s stock after buying an additional 4,988 shares during the period. Jane Street Group LLC owned 0.13% of TechTarget worth $912,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BOKF NA acquired a new position in TechTarget in the 2nd quarter valued at $239,000. Cornercap Investment Counsel Inc. acquired a new stake in shares of TechTarget during the 3rd quarter valued at approximately $245,000. Intech Investment Management LLC acquired a new stake in shares of TechTarget in the 3rd quarter worth approximately $257,000. Quest Partners LLC acquired a new stake in shares of TechTarget in the 3rd quarter worth approximately $272,000. Finally, SG Americas Securities LLC purchased a new position in TechTarget in the 3rd quarter valued at approximately $307,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TTGT. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of TechTarget in a research report on Wednesday, November 13th. StockNews.com assumed coverage on shares of TechTarget in a research note on Wednesday. They issued a “hold” rating on the stock. KeyCorp cut their target price 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. 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. Finally, Craig Hallum raised their price objective on shares of TechTarget from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.14.

TechTarget Stock Performance

Shares of NASDAQ TTGT opened at $19.82 on Wednesday. The company has a 50-day simple moving average of $26.60 and a 200-day simple moving average of $27.50. 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 $579.44 million, a PE ratio of -47.19, a price-to-earnings-growth ratio of 12.04 and a beta of 1.04. TechTarget, Inc. has a 12 month low of $18.26 and a 12 month high of $33.08.

TechTarget (NASDAQ:TTGT) last released its earnings results on Tuesday, November 12th. The information services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. TechTarget had a negative net margin of 5.34% and a positive return on equity of 5.44%. The firm 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 company earned $0.13 EPS. TechTarget’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts anticipate that TechTarget, Inc. will post 0.55 earnings per share for the current year.

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.