TechTarget, Inc. (NASDAQ:TTGT) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC raised its stake in TechTarget, Inc. (NASDAQ:TTGT) by 48.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,856 shares of the information services provider’s stock after acquiring an additional 5,477 shares during the period. Inspire Investing LLC owned 0.06% of TechTarget worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of TechTarget by 6.8% in the 1st quarter. Principal Financial Group Inc. now owns 143,459 shares of the information services provider’s stock valued at $4,746,000 after purchasing an additional 9,166 shares during the period. Texas Permanent School Fund Corp lifted its stake in TechTarget by 2.1% in the first quarter. Texas Permanent School Fund Corp now owns 22,630 shares of the information services provider’s stock valued at $749,000 after buying an additional 456 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of TechTarget in the first quarter valued at approximately $501,000. Swiss National Bank grew its position in shares of TechTarget by 2.2% during the first quarter. Swiss National Bank now owns 50,500 shares of the information services provider’s stock worth $1,671,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of TechTarget by 4.6% in the 1st quarter. Sei Investments Co. now owns 32,853 shares of the information services provider’s stock valued at $1,087,000 after acquiring an additional 1,432 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

TechTarget Price Performance

Shares of NASDAQ:TTGT opened at $28.10 on Friday. TechTarget, Inc. has a 52 week low of $22.82 and a 52 week high of $41.93. The company has a 50-day moving average price of $25.30 and a 200 day moving average price of $28.55. The company has a market cap of $821.64 million, a P/E ratio of -93.67, a PEG ratio of 28.27 and a beta of 1.06. The company has a quick ratio of 9.35, a current ratio of 9.35 and a debt-to-equity ratio of 1.74.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings results on Thursday, August 8th. The information services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. TechTarget had a positive return on equity of 5.92% and a negative net margin of 3.84%. The business had revenue of $58.91 million during the quarter, compared to analysts’ expectations of $58.08 million. During the same period last year, the firm earned $0.17 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. Research analysts predict that TechTarget, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTGT. KeyCorp decreased their price target on shares of TechTarget from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Craig Hallum upgraded shares of TechTarget from a “hold” rating to a “buy” rating and increased their target price for the stock from $34.00 to $36.00 in a research note on Tuesday. Raymond James dropped their price target on TechTarget from $39.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Finally, Needham & Company LLC decreased their price objective on TechTarget from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, September 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, TechTarget currently has an average rating of “Moderate Buy” and an average price target of $37.67.

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.