TechTarget, Inc. (NASDAQ:TTGT) Stock Position Raised by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in TechTarget, Inc. (NASDAQ:TTGT) by 152.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,370 shares of the information services provider’s stock after acquiring an additional 96,896 shares during the period. Harbor Capital Advisors Inc. owned about 0.55% of TechTarget worth $3,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTGT. BOKF NA bought a new stake in shares of TechTarget in the 2nd quarter worth approximately $239,000. SG Americas Securities LLC acquired a new position in shares of TechTarget during the third quarter valued at $307,000. The Manufacturers Life Insurance Company boosted its holdings in shares of TechTarget by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider’s stock valued at $311,000 after acquiring an additional 430 shares during the period. Riverwater Partners LLC bought a new position in shares of TechTarget during the second quarter worth about $350,000. Finally, Inspire Investing LLC increased its holdings in shares of TechTarget by 4.3% in the 2nd quarter. Inspire Investing LLC now owns 11,379 shares of the information services provider’s stock worth $355,000 after acquiring an additional 469 shares during the period. 93.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on TTGT. Raymond James decreased their target price on shares of TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Craig Hallum upgraded TechTarget from a “hold” rating to a “buy” rating and raised their target price for the company from $34.00 to $36.00 in a research report on Tuesday, October 15th. Needham & Company LLC decreased their price target on TechTarget from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Finally, KeyCorp lowered their price target on TechTarget from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, TechTarget has an average rating of “Moderate Buy” and a consensus target price of $37.67.

TechTarget Stock Down 2.0 %

TTGT opened at $28.35 on Monday. The stock’s fifty day moving average is $25.94 and its 200-day moving average is $28.48. TechTarget, Inc. has a one year low of $22.82 and a one year high of $41.93. The company has a market capitalization of $828.95 million, a PE ratio of -94.50, a P/E/G ratio of 32.52 and a beta of 1.03. The company has a debt-to-equity ratio of 1.74, a quick ratio of 9.35 and a current ratio of 9.35.

TechTarget (NASDAQ:TTGT) last announced its earnings results on Thursday, August 8th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $58.91 million for the quarter, compared to analyst estimates of $58.08 million. During the same period in the previous year, the firm earned $0.17 earnings per share. TechTarget’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts predict that TechTarget, Inc. will post 0.5 EPS for the current fiscal year.

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.