20,813 Shares in TechTarget, Inc. (NASDAQ:TTGT) Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC acquired a new position in TechTarget, Inc. (NASDAQ:TTGT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,813 shares of the information services provider’s stock, valued at approximately $726,000. RWA Wealth Partners LLC owned about 0.07% of TechTarget at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TTGT. PNC Financial Services Group Inc. increased its position in shares of TechTarget by 16.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,623 shares of the information services provider’s stock worth $80,000 after purchasing an additional 367 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of TechTarget in the third quarter worth approximately $220,000. Caxton Associates LP increased its position in shares of TechTarget by 26.5% in the third quarter. Caxton Associates LP now owns 8,730 shares of the information services provider’s stock worth $265,000 after purchasing an additional 1,827 shares during the last quarter. Quadrature Capital Ltd bought a new position in TechTarget during the third quarter valued at approximately $323,000. Finally, Hsbc Holdings PLC bought a new position in TechTarget during the third quarter valued at approximately $363,000. 93.52% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Steven Niemiec sold 13,608 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total transaction of $438,177.60. Following the completion of the transaction, the chief operating officer now directly owns 40,755 shares in the company, valued at $1,312,311. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Steven Niemiec sold 13,608 shares of TechTarget stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total value of $438,177.60. Following the completion of the sale, the chief operating officer now directly owns 40,755 shares in the company, valued at approximately $1,312,311. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Rebecca Kitchens sold 13,666 shares of TechTarget stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total value of $440,045.20. Following the completion of the sale, the president now owns 53,920 shares of the company’s stock, valued at $1,736,224. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.

TechTarget Stock Performance

Shares of TechTarget stock opened at $27.55 on Thursday. TechTarget, Inc. has a 12 month low of $23.43 and a 12 month high of $41.93. The company has a current ratio of 10.04, a quick ratio of 10.04 and a debt-to-equity ratio of 1.84. The business has a fifty day simple moving average of $30.87 and a two-hundred day simple moving average of $31.12. The firm has a market capitalization of $786.55 million, a P/E ratio of 172.20, a P/E/G ratio of 8.13 and a beta of 0.94.

TechTarget (NASDAQ:TTGT) last issued its quarterly earnings results on Wednesday, February 7th. The information services provider reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. TechTarget had a return on equity of 8.53% and a net margin of 1.94%. The firm had revenue of $57.29 million during the quarter, compared to the consensus estimate of $56.73 million. On average, equities analysts forecast that TechTarget, Inc. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TTGT shares. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of TechTarget in a research report on Thursday, February 8th. Raymond James raised their target price on shares of TechTarget from $31.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 12th. UBS Group upgraded shares of TechTarget from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $45.00 in a report on Wednesday, January 31st. TheStreet cut shares of TechTarget from a “c” rating to a “d+” rating in a report on Wednesday, February 7th. Finally, KeyCorp dropped their price target on TechTarget from $58.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, TechTarget presently has an average rating of “Hold” and a consensus price target of $40.33.

TechTarget 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.