Investors are a little more bearish on shares of TechTarget, Inc. if you take note of the uptick in short interest. The company had a rise in short interest of 24.47% between August 15, 2017 and August 31, 2017. Short interest increased from 200,589 to 249,683 over that period. With short interest at 249,683 and short average daily volume at 43,501, days to cover is 6.0 and the percentage of shorted shares was 0.01% on August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (TTGT). Two Sigma Advisers, Lp divested its ownership by shedding 18,800 shares a decrease of 43.1%. Two Sigma Advisers, Lp currently owns 24,779 shares valued at $257,000. The total value of its holdings decreased 34.8%. Trigran Investments, Inc. expanded its investment by buying 14,955 shares an increase of 1.9% as of 06/30/2017. Trigran Investments, Inc. now controls 804,553 shares with a value of $8,343,000. The value of the position overall is up by 17.0%.
River Road Asset Management, LLC trimmed its holdings by selling 70,938 shares a decrease of 18.4% from 03/31/2017 to 06/30/2017. River Road Asset Management, LLC claims 314,361 shares worth $3,260,000. The value of the position overall is down by 6.3%. Oxford Asset Management cut its stake by selling 14,764 shares a decrease of 15.6% in the quarter. Oxford Asset Management now holds 79,917 shares worth $829,000. The total value of its holdings decreased 3.0%.
On August 17 the stock rating was downgraded to “Hold” from “Buy” in an announcement from Jefferies. On August 10 the company was upgraded from “Buy” to “Buy” by analysts at Craig-Hallum.
The company is up since yesterday’s close of 11.21. Company shares last traded at $11.45 much higher than the 50 day moving average which is $10.02 and which is quite a bit higher than the 200 day moving average of $9.55. The 50 day moving average was up $1.43 or +14.27% and the 200 day average went up by +19.85%.
The company currently has a P/E ratio of 224.51 and market cap is 313.74M. As of the latest earnings report the EPS was $0.05 and is expected to be $0.38 for the current year with 27,401,000 shares now outstanding. Next quarter’s EPS is estimated at $0.16 and the next full year EPS is anticipated to be $0.50.
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..