TechTarget, Inc. (NASDAQ:TTGT) Shares Bought by Barclays PLC

Barclays PLC raised its stake in TechTarget, Inc. (NASDAQ:TTGT) by 399.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 45,914 shares of the information services provider’s stock after purchasing an additional 36,714 shares during the period. Barclays PLC owned 0.16% of TechTarget worth $1,123,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FMR LLC increased its stake in TechTarget by 2.5% during 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 last quarter. Dimensional Fund Advisors LP raised its stake in TechTarget by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 792,983 shares of the information services provider’s stock worth $24,717,000 after acquiring an additional 8,681 shares during the period. Geode Capital Management LLC lifted its holdings in TechTarget by 0.3% in the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock worth $14,955,000 after acquiring an additional 1,602 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in TechTarget by 19.2% in the third quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider’s stock valued at $12,545,000 after acquiring an additional 82,626 shares during the period. Finally, Earnest Partners LLC grew its holdings in shares of TechTarget by 6.3% during the second quarter. Earnest Partners LLC now owns 495,701 shares of the information services provider’s stock valued at $15,451,000 after purchasing an additional 29,375 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TTGT shares. Craig Hallum increased their price objective on shares of TechTarget from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Lake Street Capital cut their price target on TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, December 30th. KeyCorp decreased their price objective on TechTarget from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of TechTarget in a research note on Wednesday, November 13th. Finally, StockNews.com began coverage on TechTarget in a report on Thursday, January 9th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.14.

TechTarget Stock Down 2.9 %

Shares of TTGT stock opened at $17.72 on Tuesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. The stock has a market cap of $518.04 million, a PE ratio of -42.19, a price-to-earnings-growth ratio of 12.04 and a beta of 1.04. The business’s fifty day moving average is $24.74 and its 200-day moving average is $26.75. TechTarget, Inc. has a 1 year low of $17.21 and a 1 year high of $33.08.

TechTarget (NASDAQ:TTGT) last released its earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share (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 firm had revenue of $58.47 million for the quarter, compared to analyst estimates of $58.14 million. During the same period in the previous year, the company earned $0.13 earnings per share. TechTarget’s revenue was up 2.4% compared to the same quarter last year. Equities analysts expect that TechTarget, Inc. will post 0.55 earnings per share for the current fiscal 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.