Techtarget Inc (NASDAQ:TTGT) Institutional Investor Sentiment Trend

September 8, 2018 - By Mary Kidd

TechTarget, Inc. (NASDAQ:TTGT) Logo

Sentiment for Techtarget Inc (NASDAQ:TTGT)

Techtarget Inc (NASDAQ:TTGT) institutional sentiment increased to 1.68 in 2018 Q1. Its up 0.16, from 1.52 in 2017Q4. The ratio is better, as 52 investment managers increased and opened new stock positions, while 31 decreased and sold their equity positions in Techtarget Inc. The investment managers in our partner’s database now own: 12.59 million shares, up from 12.38 million shares in 2017Q4. Also, the number of investment managers holding Techtarget Inc in their top 10 stock positions increased from 2 to 4 for an increase of 2. Sold All: 8 Reduced: 23 Increased: 25 New Position: 27.

TechTarget, Inc. provides specialized online content for buyers of corporate information technology services and products; and purchase-intent marketing and sales services for enterprise technology vendors in the United States and internationally. The company has market cap of $606.78 million. It offers customized marketing programs that integrate demand generation and brand marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases. It has a 52.38 P/E ratio. The companyÂ’s products include IT deal alert, core online, demand solutions, brand solutions, and custom content creation, which are provided through online, as well as operates face-to-face events.

The stock decreased 1.83% or $0.41 during the last trading session, reaching $22. About 349,060 shares traded. TechTarget, Inc. (NASDAQ:TTGT) has risen 174.81% since September 8, 2017 and is uptrending. It has outperformed by 162.24% the S&P500.

Analysts await TechTarget, Inc. (NASDAQ:TTGT) to report earnings on November, 14. They expect $0.11 earnings per share, up 57.14 % or $0.04 from last year’s $0.07 per share. TTGT’s profit will be $3.03M for 50.00 P/E if the $0.11 EPS becomes a reality. After $0.15 actual earnings per share reported by TechTarget, Inc. for the previous quarter, Wall Street now forecasts -26.67 % negative EPS growth.

Hcsf Management Llc holds 11.76% of its portfolio in TechTarget, Inc. for 836,359 shares. Trigran Investments Inc. owns 1.47 million shares or 6.19% of their US portfolio. Moreover, S Squared Technology Llc has 2.1% invested in the company for 123,666 shares. The Minnesota-based Next Century Growth Investors Llc has invested 1.99% in the stock. Manatuck Hill Partners Llc, a Connecticut-based fund reported 161,100 shares.

Since January 1, 0001, it had 0 insider purchases, and 36 selling transactions for $33.28 million activity.

TechTarget, Inc. (NASDAQ:TTGT) Ratings Coverage

Ratings analysis reveals 50% of TechTarget’s analysts are positive. Out of 2 Wall Street analysts rating TechTarget, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $2300 while the high is $2500. The stock’s average target of $24 is 9.09% above today’s ($22) share price. TTGT was included in 3 notes of analysts from May 10, 2018. The rating was maintained by Craig Hallum with “Buy” on Thursday, May 10. Craig Hallum downgraded the stock to “Hold” rating in Thursday, August 9 report.

Another recent and important TechTarget, Inc. (NASDAQ:TTGT) news was published by Nasdaq.com which published an article titled: “TechTarget to Present at the 7th Annual Liolios Gateway Conference on September 5, 2018” on August 27, 2018.

TechTarget, Inc. (NASDAQ:TTGT) Institutional Positions Chart

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