Rice Hall James & Associates LLC Has $4.46 Million Stake in TechTarget, Inc. (NASDAQ:TTGT)

Rice Hall James & Associates LLC lifted its stake in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 19.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 301,382 shares of the information services provider's stock after purchasing an additional 48,934 shares during the quarter. Rice Hall James & Associates LLC owned 1.03% of TechTarget worth $4,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TTGT. KLP Kapitalforvaltning AS acquired a new stake in TechTarget during the 4th quarter worth about $103,000. Quantbot Technologies LP acquired a new position in TechTarget in the 4th quarter worth approximately $173,000. Louisiana State Employees Retirement System acquired a new stake in TechTarget during the 1st quarter valued at $190,000. State of Tennessee Department of Treasury lifted its holdings in shares of TechTarget by 8.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider's stock valued at $239,000 after purchasing an additional 910 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of TechTarget by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,860 shares of the information services provider's stock valued at $295,000 after purchasing an additional 698 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TTGT. Lake Street Capital lowered their price target on TechTarget from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Craig Hallum assumed coverage on TechTarget in a research note on Monday, June 9th. They set a "buy" rating and a $12.00 target price on the stock. Wall Street Zen upgraded TechTarget from a "sell" rating to a "hold" rating in a report on Saturday, April 26th. Needham & Company LLC restated a "buy" rating and set a $15.00 price target on shares of TechTarget in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. downgraded shares of 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, June 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $19.33.

TechTarget Trading Down 3.1%

TTGT stock traded down $0.23 during mid-day trading on Monday, hitting $7.17. The stock had a trading volume of 441,197 shares, compared to its average volume of 340,343. TechTarget, Inc. has a 1-year low of $6.49 and a 1-year high of $33.08. The company has a fifty day moving average of $7.51 and a 200 day moving average of $11.84. The stock has a market capitalization of $512.58 million, a price-to-earnings ratio of -17.07 and a beta of 1.02.

TechTarget (NASDAQ:TTGT - Get Free Report) last announced its quarterly earnings results on Monday, July 14th. The information services provider reported ($2.24) EPS for the quarter. TechTarget had a negative net margin of 193.29% and a negative return on equity of 125.41%. As a group, sell-side analysts expect that TechTarget, Inc. will post -0.46 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.