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Kirby McInerney LLP Announces Investigation of Possible Claims Against TechTarget, Inc. (TGGT) on Behalf of Investors
TTGTTechTarget(TTGT) Newsfilter·2025-04-04 00:00

Core Viewpoint - Kirby McInerney LLP is investigating potential claims against TechTarget, Inc. regarding possible violations of federal securities laws and unlawful business practices [1] Financial Disclosures - On December 6, 2024, TechTarget announced that its previous financial statements were unreliable and would be restated due to identified errors, leading to a share price decline from 25.54to25.54 to 23.48, a drop of 2.09pershare[3]OnMarch31,2025,TechTargetdiscloseditwouldnotfileits2024AnnualReportontime,citingtheneedtoevaluatetechnicalaccountingmattersrelatedtoitscombinationwithInformaTechDigitalBusinesses.Thecompanyexpectsapretaxnoncashgoodwillimpairmentchargebetween2.09 per share [3] - On March 31, 2025, TechTarget disclosed it would not file its 2024 Annual Report on time, citing the need to evaluate technical accounting matters related to its combination with Informa Tech Digital Businesses. The company expects a pre-tax non-cash goodwill impairment charge between 70 million and 110millionforthe2024fiscalyear,resultinginasharepricedeclinefrom110 million for the 2024 fiscal year, resulting in a share price decline from 14.81 to 12.76,adropof12.76, a drop of 2.05 per share [4]