TechTarget, Inc. $TTGT Shares Purchased by EVR Research LP

EVR Research LP boosted its position in TechTarget, Inc. (NASDAQ:TTGT) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,165,130 shares of the information services provider’s stock after purchasing an additional 155,130 shares during the quarter. TechTarget comprises approximately 3.4% of EVR Research LP’s investment portfolio, making the stock its 11th largest position. EVR Research LP owned about 1.61% of TechTarget worth $6,292,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC raised its stake in TechTarget by 14.6% in the 4th quarter. MetLife Investment Management LLC now owns 17,675 shares of the information services provider’s stock valued at $95,000 after purchasing an additional 2,247 shares during the last quarter. BNP Paribas Financial Markets raised its stake in TechTarget by 103.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,658 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 2,877 shares during the last quarter. Geode Capital Management LLC raised its stake in TechTarget by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 688,593 shares of the information services provider’s stock valued at $5,351,000 after purchasing an additional 4,953 shares during the last quarter. Rhumbline Advisers raised its stake in TechTarget by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 81,924 shares of the information services provider’s stock valued at $637,000 after purchasing an additional 6,077 shares during the last quarter. Finally, Legato Capital Management LLC raised its stake in TechTarget by 39.7% in the 4th quarter. Legato Capital Management LLC now owns 21,553 shares of the information services provider’s stock valued at $116,000 after purchasing an additional 6,125 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTGT has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating on shares of TechTarget in a research note on Thursday, March 12th. Wall Street Zen raised TechTarget from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Lake Street Capital reduced their price objective on TechTarget from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TechTarget in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.

TechTarget Stock Down 3.0%

Shares of TTGT opened at $3.57 on Thursday. TechTarget, Inc. has a 52-week low of $3.41 and a 52-week high of $9.00. The company has a market capitalization of $258.11 million, a PE ratio of -0.46 and a beta of 1.12. The stock has a fifty day simple moving average of $4.71 and a two-hundred day simple moving average of $4.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.23.

TechTarget (NASDAQ:TTGT) last issued its earnings results on Thursday, May 7th. The information services provider reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.59). TechTarget had a positive return on equity of 5.19% and a negative net margin of 113.65%.The company had revenue of $106.05 million during the quarter, compared to analyst estimates of $104.93 million.

TechTarget 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.