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

Rice Hall James & Associates LLC boosted its holdings in TechTarget, Inc. (NASDAQ:TTGT) by 103.7% in the third quarter, HoldingsChannel reports. The firm owned 1,299,526 shares of the information services provider’s stock after purchasing an additional 661,502 shares during the period. Rice Hall James & Associates LLC’s holdings in TechTarget were worth $7,550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trigran Investments Inc. grew its position in shares of 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. Raymond James Financial Inc. boosted its stake in 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 acquiring an additional 437,899 shares in the last quarter. Impax Asset Management Group plc boosted its stake in TechTarget by 68.9% during the second 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 in the last quarter. Jane Street Group LLC acquired a new stake in TechTarget in the second quarter worth $984,000. Finally, Nuveen LLC bought a new stake in TechTarget in the first quarter valued at $1,566,000. 93.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

TechTarget Stock Performance

Shares of TechTarget stock opened at $5.20 on Friday. The business’s fifty day simple moving average is $5.30 and its 200 day simple moving average is $6.13. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. TechTarget, Inc. has a 12 month low of $4.63 and a 12 month high of $20.83. The firm has a market capitalization of $375.23 million, a P/E ratio of -3.01 and a beta of 0.91.

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.