The stock last traded at $12.24 a tad higher than the 50 day moving average which is $11.56 and significantly above the 200 day moving average of $10.09. The 50 day moving average was up $0.68 or +5.85% and the 200 day average was up $2.15. Trading volume for TechTarget, Inc. was 301 in the last trading session. Overall, volume was down 98.93% under the stocks normal daily volume.
Short traders are more bullish on the company looking at the motion in short interest. The stock recorded a fall in short interest of -7.92% as of the latest report on September 29, 2017. Short interest decreased from 191,454 to 176,286 over that period. Days to cover increased 1.0 to 3.0 and the percentage of shorted shares was 0.01% on September 29.
A few notable investment firms have updated their holdings. As of quarter end River Road Asset Management, LLC had sold 70,938 shares trimming its stake by 18.4%. The value of the investment in TechTarget, Inc. decreased from $3,479,000 to $3,260,000 a change of $219,000 since the last quarter. Trigran Investments, Inc. grew its ownership by buying 14,955 shares an increase of 1.9% as of 06/30/2017. Trigran Investments, Inc. currently owns 804,553 shares valued at $8,343,000. The value of the position overall is up by 17.0%.
Two Sigma Advisers, Lp divested its investment by shedding 18,800 shares a decrease of 43.1% in the quarter. Two Sigma Advisers, Lp controls 24,779 shares worth $257,000. The total value of its holdings decreased 34.8%. Meeder Asset Management Inc cut its position by shedding 1,113 shares a decrease of 85.0%. Meeder Asset Management Inc now holds 197 shares with a value of $2,000. The total value of its holdings decreased 85.7%.
On August 10, 2017 the stock rating was set at “Buy” according to a Craig-Hallum report which was a boost from the previous “Buy” rating. On August 17 the company was rated “Hold” by Jefferies down from the previous “Buy” rating.
The company’s P/E ratio is 240.00 and the market cap of the company is 335.39M. In the last earnings report the EPS was $0.05 and is projected to be $0.38 for the current year with 27,401,000 shares outstanding. Next quarter’s EPS is forecasted at $0.16 and the next full year EPS is anticipated to be $0.51.
TechTarget, Inc., launched on September 14, 1999, is a provider of online content that helps buyers and sellers of corporate information technology (IT) products and services. The Business’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising. The Company operates a network of over 150 Websites, each of which focuses on a specific IT sector, such as storage, security or networking and for decision support information. The Business’s content enables IT professionals to navigate the IT landscape where purchasing decisions can have financial and operational consequences. Based upon the logical clustering of users’ respective job responsibilities and the marketing focus of the products that the Business’s customers are advertising, the Business’s marketing opportunities and audience extensions are addressed using approximately nine distinct media groups, including Application Architecture and Development; Channel; CIO/IT Strategy; Data Center and Virtualization Technologies; Business Applications and Analytics; Networking; Security; Storage, and TechnologyGuide..