TechTarget, Inc. (TTGT) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

May 17, 2018 - By Christine McCrea

TechTarget, Inc. (NASDAQ:TTGT) Logo

Investors sentiment decreased to 1.52 in Q4 2017. Its down 0.27, from 1.79 in 2017Q3. It fall, as 6 investors sold TechTarget, Inc. shares while 19 reduced holdings. 15 funds opened positions while 23 raised stakes. 12.38 million shares or 0.51% more from 12.31 million shares in 2017Q3 were reported.
Bnp Paribas Arbitrage Sa accumulated 4,439 shares. 49,900 are held by Strs Ohio. Macquarie Gp Ltd accumulated 0% or 35,111 shares. 225,690 were accumulated by Northern Tru Corp. Wells Fargo & Communications Mn owns 32,039 shares or 0% of their US portfolio. Manufacturers Life Communication The has invested 0% of its portfolio in TechTarget, Inc. (NASDAQ:TTGT). Eam Llc holds 56,028 shares or 0.1% of its portfolio. Millennium Management Limited Liability Corporation invested in 0% or 127,801 shares. Mckinley Cap Ltd Delaware stated it has 82,067 shares. National Bank & Trust Of Montreal Can reported 321 shares stake. Bank Of Ny Mellon holds 0% in TechTarget, Inc. (NASDAQ:TTGT) or 73,031 shares. Tiaa Cref Invest Mngmt Lc reported 0% stake. Mark Sheptoff Financial Planning Limited Liability Corp owns 0% invested in TechTarget, Inc. (NASDAQ:TTGT) for 500 shares. Hcsf Mgmt Limited Liability Co holds 15.45% in TechTarget, Inc. (NASDAQ:TTGT) or 1.64M shares. Prelude Cap Limited Liability Company reported 0% of its portfolio in TechTarget, Inc. (NASDAQ:TTGT).

Since December 11, 2017, it had 0 buys, and 28 sales for $12.55 million activity. Shares for $846,200 were sold by Nine Ten Partners LP on Thursday, January 25. MARINO ROGER M sold $587,000 worth of stock or 30,000 shares. Shares for $334,500 were sold by Strakosch Greg on Monday, December 11. Beam Kevin had sold 10,000 shares worth $205,550. Shares for $484,500 were sold by Cotoia Michael on Monday, April 9. FORMAN LEONARD P sold 63,862 shares worth $1.51M.

The stock of TechTarget, Inc. (NASDAQ:TTGT) hit a new 52-week high and has $26.21 target or 9.00 % above today’s $24.05 share price. The 8 months bullish chart indicates low risk for the $661.31 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $26.21 price target is reached, the company will be worth $59.52M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.04% or $0.01 during the last trading session, reaching $24.05. About 227,730 shares traded. TechTarget, Inc. (NASDAQ:TTGT) has risen 118.72% since May 17, 2017 and is uptrending. It has outperformed by 107.17% the S&P500.

Analysts await TechTarget, Inc. (NASDAQ:TTGT) to report earnings on August, 8. They expect $0.12 earnings per share, up 140.00 % or $0.07 from last year’s $0.05 per share. TTGT’s profit will be $3.30 million for 50.10 P/E if the $0.12 EPS becomes a reality. After $0.07 actual earnings per share reported by TechTarget, Inc. for the previous quarter, Wall Street now forecasts 71.43 % EPS growth.

TechTarget, Inc. (NASDAQ:TTGT) Ratings Coverage

Among 4 analysts covering TechTarget (NASDAQ:TTGT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. TechTarget had 4 analyst reports since January 12, 2018 according to SRatingsIntel. The stock has “Buy” rating by Needham on Friday, January 12. The firm earned “Buy” rating on Thursday, May 10 by Craig Hallum. The stock has “Hold” rating by Jefferies on Wednesday, February 7.

More news for TechTarget, Inc. (NASDAQ:TTGT) were recently published by: Seekingalpha.com, which released: “TechTarget’s (TTGT) CEO Mike Cotoia on Q1 2018 Results – Earnings Call Transcript” on May 14, 2018. Businesswire.com‘s article titled: “TechTarget’s SearchVirtualDesktop.com Announces “Best of Citrix Synergy” 2018 Award Winners” and published on May 10, 2018 is yet another important article.

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 $661.31 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 100.21 P/E ratio. The company'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.

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

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