TechTarget, Inc. (NASDAQ:TTGT) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC raised its stake in shares of TechTarget, Inc. (NASDAQ:TTGT) by 15.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 37,290 shares of the information services provider’s stock after purchasing an additional 4,988 shares during the quarter. Jane Street Group LLC’s holdings in TechTarget were worth $912,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake in shares of TechTarget by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider’s stock valued at $311,000 after buying an additional 430 shares during the period. Inspire Investing LLC grew its position in TechTarget by 4.3% during the second quarter. Inspire Investing LLC now owns 11,379 shares of the information services provider’s stock valued at $355,000 after acquiring an additional 469 shares during the period. Sei Investments Co. grew its position in TechTarget by 5.1% during the second quarter. Sei Investments Co. now owns 34,543 shares of the information services provider’s stock valued at $1,077,000 after acquiring an additional 1,690 shares during the period. Texas Permanent School Fund Corp increased its stake in TechTarget by 10.0% during the second quarter. Texas Permanent School Fund Corp now owns 24,884 shares of the information services provider’s stock worth $776,000 after acquiring an additional 2,254 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of TechTarget by 31.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider’s stock worth $331,000 after purchasing an additional 3,260 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Lake Street Capital decreased their target price on TechTarget from $36.00 to $24.00 and set a “buy” rating for the company in a report on Monday. StockNews.com assumed coverage on shares of TechTarget in a research note on Wednesday. They set a “hold” rating for the company. KeyCorp cut their target price on shares of TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of TechTarget in a research report on Wednesday, November 13th. Finally, Craig Hallum increased their price target on TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.14.

TechTarget Price Performance

TTGT opened at $19.82 on Wednesday. TechTarget, Inc. has a twelve month low of $18.26 and a twelve month high of $33.08. The firm has a market cap of $579.44 million, a price-to-earnings ratio of -47.19, a PEG ratio of 12.04 and a beta of 1.04. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. The company has a fifty day simple moving average of $26.60 and a 200 day simple moving average of $27.50.

TechTarget (NASDAQ:TTGT) last announced its earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The company had revenue of $58.47 million during the quarter, compared to the consensus estimate of $58.14 million. During the same period last year, the firm earned $0.13 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that TechTarget, Inc. will post 0.55 EPS 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.