Jump Financial LLC Has $810,000 Stake in TechTarget, Inc. (NASDAQ:TTGT)

Jump Financial LLC lowered its holdings in TechTarget, Inc. (NASDAQ:TTGTFree Report) by 11.6% in the third quarter, Holdings Channel reports. The firm owned 26,689 shares of the information services provider’s stock after selling 3,511 shares during the quarter. Jump Financial LLC’s holdings in TechTarget were worth $810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in TechTarget by 160.2% during the third quarter. Assenagon Asset Management S.A. now owns 202,105 shares of the information services provider’s stock worth $6,136,000 after acquiring an additional 124,433 shares in the last quarter. New York State Teachers Retirement System increased its position in TechTarget by 14.2% during the second quarter. New York State Teachers Retirement System now owns 13,990 shares of the information services provider’s stock worth $436,000 after buying an additional 1,736 shares during the last quarter. First Hawaiian Bank increased its position in TechTarget by 57.7% during the third quarter. First Hawaiian Bank now owns 23,587 shares of the information services provider’s stock worth $716,000 after buying an additional 8,632 shares during the last quarter. M&T Bank Corp increased its position in TechTarget by 29.0% during the third quarter. M&T Bank Corp now owns 29,818 shares of the information services provider’s stock worth $906,000 after buying an additional 6,711 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its position in TechTarget by 18.0% during the third quarter. Rice Hall James & Associates LLC now owns 188,308 shares of the information services provider’s stock worth $5,717,000 after buying an additional 28,736 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTGT has been the topic of several research reports. Raymond James upped their target price on TechTarget from $31.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. UBS Group raised TechTarget from a “neutral” rating to a “buy” rating and increased their price target for the stock from $31.00 to $45.00 in a research report on Wednesday, January 31st. KeyCorp reduced their price target on TechTarget from $58.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, January 22nd. Finally, Needham & Company LLC increased their price target on TechTarget from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.33.

View Our Latest Report on TechTarget

TechTarget Stock Up 2.9 %

NASDAQ TTGT opened at $34.41 on Wednesday. The business has a fifty day moving average price of $33.59 and a two-hundred day moving average price of $30.57. The company has a debt-to-equity ratio of 1.96, a current ratio of 9.27 and a quick ratio of 9.27. TechTarget, Inc. has a fifty-two week low of $23.43 and a fifty-two week high of $50.59. The stock has a market capitalization of $976.56 million, a PE ratio of 76.47 and a beta of 0.98.

TechTarget (NASDAQ:TTGTGet Free Report) last released its earnings results on Wednesday, November 8th. The information services provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. TechTarget had a return on equity of 13.19% and a net margin of 5.39%. The firm had revenue of $57.13 million during the quarter, compared to analysts’ expectations of $56.34 million. Equities analysts expect that TechTarget, Inc. will post 0.54 earnings per share for the current fiscal year.

About TechTarget

(Free Report)

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 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.

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Institutional Ownership by Quarter for TechTarget (NASDAQ:TTGT)

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