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TECHTARGET ALERT: Bragar Eagel & Squire, P.C. is Investigating TechTarget, Inc. on Behalf of TechTarget Stockholders and Encourages Investors to Contact the Firm
TTGTTechTarget(TTGT) GlobeNewswire News Room·2025-04-11 01:00

Core Viewpoint - TechTarget, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following significant financial restatements and accounting issues [1][2][3]. 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 drop from 25.54to25.54 to 23.48, a decline of 2.09pershare[2].OnMarch31,2025,TechTargetdiscloseditwouldnotfileits2024AnnualReportontime,citingtheneedforfurtherevaluationoftechnicalaccountingmattersrelatedtoitsacquisitionofInformaTechDigitalBusinesses.Thecompanyexpectsapretaxnoncashgoodwillimpairmentchargebetween2.09 per share [2]. - On March 31, 2025, TechTarget disclosed it would not file its 2024 Annual Report on time, citing the need for further evaluation of technical accounting matters related to its acquisition of 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 [3]. Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of TechTarget stockholders who may have suffered losses due to the company's financial disclosures and restatements [1][4].