Rice Hall James & Associates LLC Has $7.55 Million Position in TechTarget, Inc. $TTGT

Rice Hall James & Associates LLC increased its stake in shares of TechTarget, Inc. (NASDAQ:TTGT) by 103.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,299,526 shares of the information services provider’s stock after purchasing an additional 661,502 shares during the quarter. Rice Hall James & Associates LLC owned approximately 1.82% of TechTarget worth $7,550,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. grew its stake in shares of TechTarget by 1,840.5% during the first quarter. Raymond James Financial Inc. now owns 461,691 shares of the information services provider’s stock worth $6,838,000 after buying an additional 437,899 shares during the last quarter. Nuveen LLC acquired a new stake in TechTarget during the 1st quarter worth approximately $1,566,000. Trigran Investments Inc. boosted its position in TechTarget by 9.9% during the 2nd quarter. Trigran Investments Inc. now owns 4,974,434 shares of the information services provider’s stock worth $38,651,000 after buying an additional 447,598 shares during the period. Impax Asset Management Group plc grew its holdings in TechTarget by 68.9% during the 2nd quarter. Impax Asset Management Group plc now owns 888,887 shares of the information services provider’s stock worth $6,907,000 after acquiring an additional 362,500 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in TechTarget in the 1st quarter valued at approximately $349,000. Institutional investors own 93.52% of the company’s stock.

Analysts Set New Price Targets

TTGT has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of TechTarget in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TechTarget in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.25.

TechTarget Price Performance

Shares of NASDAQ TTGT opened at $5.20 on Friday. TechTarget, Inc. has a twelve month low of $4.63 and a twelve month high of $20.83. The firm has a fifty day simple moving average of $5.30 and a 200 day simple moving average of $6.13. The company has a market capitalization of $375.23 million, a PE ratio of -3.01 and a beta of 0.91. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.20.

TechTarget Company Profile

TechTarget, Inc operates as a specialized media and information services company focused on the technology sector. Through a network of over 140 online channels and dedicated sites covering a wide range of IT topics—from cloud computing and cybersecurity to data analytics and storage—the company delivers targeted content, research, and insights to enterprise technology buyers. TechTarget’s offerings enable technology vendors and service providers to engage with qualified audiences at every stage of the purchasing cycle.

The company’s core products include purchase intent data solutions and lead-generation platforms designed to identify and nurture prospects actively researching technology solutions.