Congress Wealth Management LLC DE Acquires Shares of 52,466 TechTarget, Inc. (NASDAQ:TTGT)

Congress Wealth Management LLC DE acquired a new stake in shares of TechTarget, Inc. (NASDAQ:TTGTGet Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 52,466 shares of the information services provider’s stock, valued at approximately $5,017,000. Congress Wealth Management LLC DE owned about 0.18% of TechTarget as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Mutual of America Capital Management LLC increased its position in TechTarget by 4.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 3,544 shares of the information services provider’s stock valued at $339,000 after acquiring an additional 165 shares during the last quarter. Huntington National Bank increased its position in TechTarget by 19.9% during the third quarter. Huntington National Bank now owns 1,109 shares of the information services provider’s stock valued at $91,000 after acquiring an additional 184 shares during the last quarter. Amalgamated Bank increased its position in TechTarget by 1.5% during the third quarter. Amalgamated Bank now owns 13,375 shares of the information services provider’s stock valued at $1,102,000 after acquiring an additional 197 shares during the last quarter. Jane Street Group LLC increased its position in TechTarget by 2.7% during the third quarter. Jane Street Group LLC now owns 8,245 shares of the information services provider’s stock valued at $679,000 after acquiring an additional 219 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in TechTarget by 2.2% during the third quarter. Voya Investment Management LLC now owns 13,471 shares of the information services provider’s stock valued at $1,110,000 after acquiring an additional 284 shares during the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.

TTGT has been the subject of a number of recent analyst reports. TheStreet lowered shares of TechTarget from a “b” rating to a “c” rating in a research note on Thursday, February 10th. Zacks Investment Research lowered shares of TechTarget from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 13th. StockNews.com initiated coverage on shares of TechTarget in a research note on Thursday, March 31st. They set a “hold” rating for the company. Raymond James lowered their target price on shares of TechTarget from $112.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of TechTarget from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, February 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $99.57.

In other TechTarget news, Director Don Hawk sold 4,819 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $77.28, for a total transaction of $372,412.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.45% of the company’s stock.

NASDAQ:TTGT traded down $0.57 during mid-day trading on Monday, reaching $73.59. The company’s stock had a trading volume of 1,278 shares, compared to its average volume of 203,946. TechTarget, Inc. has a 1 year low of $63.76 and a 1 year high of $111.44. The stock has a fifty day moving average of $77.93 and a 200-day moving average of $86.64. The firm has a market capitalization of $2.18 billion, a PE ratio of -7,416,000.00 and a beta of 0.95. The company has a quick ratio of 6.26, a current ratio of 6.26 and a debt-to-equity ratio of 2.03.

TechTarget (NASDAQ:TTGTGet Rating) last released its quarterly earnings data on Thursday, February 10th. The information services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. TechTarget had a net margin of 0.36% and a return on equity of 21.79%. The company had revenue of $77.00 million during the quarter, compared to analyst estimates of $75.39 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up 67.7% compared to the same quarter last year. On average, analysts expect that TechTarget, Inc. will post 1.62 earnings per share for the current year.

TechTarget Company Profile (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.

Further Reading

Institutional Ownership by Quarter for TechTarget (NASDAQ:TTGT)

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