Rice Hall James & Associates LLC Raises Stock Holdings in TechTarget, Inc. (NASDAQ:TTGT)

Rice Hall James & Associates LLC raised its position in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 19.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 301,382 shares of the information services provider's stock after purchasing an additional 48,934 shares during the period. Rice Hall James & Associates LLC owned 1.03% of TechTarget worth $4,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in TechTarget in the 4th quarter valued at $103,000. Quantbot Technologies LP purchased a new position in TechTarget in the 4th quarter valued at $173,000. Louisiana State Employees Retirement System purchased a new position in TechTarget in the 1st quarter valued at $190,000. State of Tennessee Department of Treasury boosted its position in shares of TechTarget by 8.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider's stock valued at $239,000 after acquiring an additional 910 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of TechTarget by 4.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,860 shares of the information services provider's stock valued at $295,000 after acquiring an additional 698 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.

TechTarget Trading Up 4.4%

TTGT traded up $0.33 on Thursday, hitting $7.75. The company had a trading volume of 731,259 shares, compared to its average volume of 268,508. The firm has a market cap of $554.05 million, a P/E ratio of -18.45 and a beta of 1.02. TechTarget, Inc. has a 1 year low of $6.49 and a 1 year high of $33.96. The company's fifty day moving average price is $7.46 and its 200 day moving average price is $11.61.

TechTarget (NASDAQ:TTGT - Get Free Report) last released its earnings results on Monday, July 14th. The information services provider reported ($2.24) earnings per share for the quarter. The firm had revenue of $103.89 million during the quarter. TechTarget had a negative net margin of 193.29% and a negative return on equity of 125.41%. On average, analysts predict that TechTarget, Inc. will post -0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Craig Hallum assumed coverage on shares of TechTarget in a research report on Monday, June 9th. They set a "buy" rating and a $12.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $15.00 price target on shares of TechTarget in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. cut shares of TechTarget from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $18.00 to $8.00 in a research report on Tuesday, June 10th. Lake Street Capital lowered their price target on shares of TechTarget from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, June 17th. Finally, Wall Street Zen raised shares of TechTarget from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $19.33.

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.