SeaCrest Wealth Management LLC Acquires New Shares in TechTarget, Inc. (NASDAQ:TTGT)

SeaCrest Wealth Management LLC acquired a new stake in shares of TechTarget, Inc. (NASDAQ:TTGTGet Rating) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 403 shares of the information services provider’s stock, valued at approximately $26,000.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of TechTarget by 2.5% during the 1st quarter. BlackRock Inc. now owns 4,000,348 shares of the information services provider’s stock valued at $325,147,000 after acquiring an additional 96,343 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of TechTarget by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 1,878,625 shares of the information services provider’s stock valued at $152,695,000 after acquiring an additional 43,148 shares in the last quarter. State Street Corp boosted its holdings in shares of TechTarget by 4.8% during the 1st quarter. State Street Corp now owns 845,565 shares of the information services provider’s stock valued at $68,728,000 after acquiring an additional 38,727 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in shares of TechTarget by 34.3% during the 2nd quarter. Geneva Capital Management LLC now owns 656,944 shares of the information services provider’s stock valued at $43,174,000 after acquiring an additional 167,829 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of TechTarget by 12.8% during the 1st quarter. Bank of America Corp DE now owns 614,472 shares of the information services provider’s stock valued at $49,945,000 after acquiring an additional 69,649 shares in the last quarter. Institutional investors and hedge funds own 98.73% of the company’s stock.

TechTarget Stock Performance

TTGT stock opened at $45.47 on Thursday. The stock has a 50-day moving average price of $58.50 and a 200-day moving average price of $63.65. TechTarget, Inc. has a 1-year low of $42.00 and a 1-year high of $103.39. The company has a current ratio of 7.53, a quick ratio of 7.53 and a debt-to-equity ratio of 1.98. The firm has a market cap of $1.33 billion, a PE ratio of 87.44 and a beta of 0.99.

Analyst Upgrades and Downgrades

Several brokerages have commented on TTGT. Craig Hallum downgraded TechTarget from a “buy” rating to a “hold” rating and cut their target price for the stock from $85.00 to $45.00 in a report on Thursday, November 10th. StockNews.com began coverage on TechTarget in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft downgraded TechTarget from a “buy” rating to a “hold” rating and cut their target price for the stock from $85.00 to $45.00 in a report on Thursday, November 10th. KeyCorp cut their target price on TechTarget from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, November 10th. Finally, Cowen cut their target price on TechTarget to $47.00 in a report on Tuesday, November 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.40.

About TechTarget

(Get Rating)

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. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.

See Also

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Institutional Ownership by Quarter for TechTarget (NASDAQ:TTGT)

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