Harbor Capital Advisors Inc. Makes New $3.92 Million Investment in TechTarget, Inc. (NASDAQ:TTGT)

Harbor Capital Advisors Inc. bought a new stake in TechTarget, Inc. (NASDAQ:TTGT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 264,734 shares of the information services provider's stock, valued at approximately $3,921,000. Harbor Capital Advisors Inc. owned approximately 0.91% of TechTarget as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Hawaiian Bank bought a new position in TechTarget during the first quarter worth about $331,000. Squarepoint Ops LLC purchased a new stake in shares of TechTarget during the fourth quarter valued at approximately $411,000. Royal Bank of Canada increased its holdings in TechTarget by 30.3% during the 4th quarter. Royal Bank of Canada now owns 977,777 shares of the information services provider's stock valued at $19,380,000 after purchasing an additional 227,459 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TechTarget by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,860 shares of the information services provider's stock worth $295,000 after purchasing an additional 698 shares in the last quarter. Finally, LMR Partners LLP lifted its position in shares of TechTarget by 132.2% in the 4th quarter. LMR Partners LLP now owns 50,000 shares of the information services provider's stock worth $991,000 after purchasing an additional 28,471 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TTGT shares. Wall Street Zen upgraded shares of TechTarget from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th. Craig Hallum initiated coverage on TechTarget in a research note on Monday, June 9th. They issued a "buy" rating and a $12.00 target price for the company. Needham & Company LLC dropped their price target on TechTarget from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, June 5th. Lake Street Capital decreased their price objective on TechTarget from $24.00 to $12.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lowered TechTarget from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $18.00 to $8.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $19.67.

TechTarget Stock Down 2.1%

TechTarget stock traded down $0.15 during mid-day trading on Friday, reaching $7.07. The stock had a trading volume of 553,393 shares, compared to its average volume of 227,767. TechTarget, Inc. has a one year low of $6.80 and a one year high of $35.11. The company has a 50-day moving average price of $7.89 and a two-hundred day moving average price of $14.26. The company has a market capitalization of $206.69 million, a price-to-earnings ratio of -16.83, a PEG ratio of 113.92 and a beta of 1.05. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49.

About TechTarget

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.