TechTarget
TechTarget, Inc. provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. The last earnings update was 41 days ago. More info.
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TTGT Share Price and Events
7 Day Returns
1 Year Returns
TTGT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| TechTarget (TTGT) | 0.7% | -4.1% | 19.1% | -31.1% | 144.4% | 146.5% |
| US Media | 0.8% | -1.2% | 4.2% | 14.8% | 24.2% | 25.4% |
| US Market | 0.3% | 0.4% | 0.6% | 0.7% | 37.2% | 37.4% |
1 Year Return vs Industry and Market
- TTGT underperformed the Media industry which returned 14.8% over the past year.
- TTGT underperformed the Market in United States of America which returned 0.7% over the past year.
Value
Is TechTarget undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
TechTarget
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for TechTarget.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Media Unlevered Beta | Simply Wall St/ S&P Global | 0.78 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.778 (1 + (1- 21%) (10.12%)) |
0.893 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.89 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.893 * 5.96%) |
8.05% |
Discounted Cash Flow Calculation for NasdaqGM:TTGT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for TechTarget is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.05%) |
|
|---|---|---|---|
| 2019 | 12.60 | Analyst x1 | 11.66 |
| 2020 | 17.00 | Analyst x1 | 14.56 |
| 2021 | 25.80 | Analyst x1 | 20.45 |
| 2022 | 33.30 | Analyst x1 | 24.43 |
| 2023 | 42.30 | Analyst x1 | 28.72 |
| 2024 | 49.70 | Est @ 17.5% | 31.23 |
| 2025 | 56.20 | Est @ 13.07% | 32.68 |
| 2026 | 61.80 | Est @ 9.97% | 33.26 |
| 2027 | 66.61 | Est @ 7.79% | 33.18 |
| 2028 | 70.79 | Est @ 6.28% | 32.64 |
| Present value of next 10 years cash flows | $262.81 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $70.79 × (1 + 2.73%) ÷ (8.05% – 2.73%) |
$1,366.65 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,366.65 ÷ (1 + 8.05%)10 |
$630.02 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $262.81 + $630.02 |
$892.83 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $892.83 / 27.60 |
$32.35 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $32.35 |
| Current discount | Discount to share price of
$20.04
= -1 x ($20.04 - $32.35) / $32.35 |
38.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- TechTarget's share price is below the future cash flow value, and at a moderate discount (> 20%).
- TechTarget's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for TechTarget's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
TechTarget's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.51 |
| NasdaqGM:TTGT Share Price ** | NasdaqGM (2019-06-17) in USD | $20.04 |
| United States of America Media Industry PE Ratio | Median Figure of 42 Publicly-Listed Media Companies | 15.88x |
| United States of America Market PE Ratio | Median Figure of 3,093 Publicly-Listed Companies | 17.68x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of TechTarget.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGM:TTGT Share Price ÷ EPS (both in USD) = 20.04 ÷ 0.51 |
39.39x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TechTarget is overvalued based on earnings compared to the US Media industry average.
- TechTarget is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
TechTarget's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 39.39x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
24.9%per year |
| United States of America Media Industry PEG Ratio | Median Figure of 32 Publicly-Listed Media Companies | 0.88x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 39.39x ÷ 24.9% |
1.58x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TechTarget is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
TechTarget's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $4.88 |
| NasdaqGM:TTGT Share Price * | NasdaqGM (2019-06-17) in USD | $20.04 |
| United States of America Media Industry PB Ratio | Median Figure of 75 Publicly-Listed Media Companies | 1.72x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGM:TTGT Share Price ÷ Book Value per Share (both in USD) = 20.04 ÷ 4.88 |
4.11x |
* Primary Listing of TechTarget.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TechTarget is overvalued based on assets compared to the US Media industry average.
Value checks
We assess TechTarget's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Media industry average (and greater than 0)? (1 check) TechTarget has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is TechTarget expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- TechTarget's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- TechTarget's earnings growth is expected to exceed the United States of America market average.
- TechTarget's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGM:TTGT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 24.9% |
| NasdaqGM:TTGT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 10.7% |
| United States of America Media Industry Earnings Growth Rate | Market Cap Weighted Average | 15.1% |
| United States of America Media Industry Revenue Growth Rate | Market Cap Weighted Average | 3.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 206 | 1 | ||
| 2022-12-31 | 185 | 1 | ||
| 2021-12-31 | 164 | 1 | ||
| 2020-12-31 | 147 | 22 | 4 | |
| 2019-12-31 | 134 | 17 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 124 | 30 | 14 |
| 2018-12-31 | 121 | 24 | 13 |
| 2018-09-30 | 120 | 27 | 14 |
| 2018-06-30 | 117 | 23 | 12 |
| 2018-03-31 | 112 | 23 | 9 |
| 2017-12-31 | 109 | 19 | 7 |
| 2017-09-30 | 105 | 14 | 3 |
| 2017-06-30 | 103 | 16 | 1 |
| 2017-03-31 | 105 | 15 | 2 |
| 2016-12-31 | 107 | 18 | 2 |
| 2016-09-30 | 109 | 22 | 4 |
| 2016-06-30 | 113 | 19 | 6 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from TechTarget Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | 0.77 | 0.90 | 0.68 | 4.00 |
| 2019-12-31 | 0.61 | 0.71 | 0.52 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.51 |
| 2018-12-31 | 0.47 |
| 2018-09-30 | 0.50 |
| 2018-06-30 | 0.43 |
| 2018-03-31 | 0.32 |
| 2017-12-31 | 0.25 |
| 2017-09-30 | 0.13 |
| 2017-06-30 | 0.05 |
| 2017-03-31 | 0.08 |
| 2016-12-31 | 0.08 |
| 2016-09-30 | 0.14 |
| 2016-06-30 | 0.20 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if TechTarget will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess TechTarget's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
TechTarget has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has TechTarget performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- TechTarget has delivered over 20% year on year earnings growth in the past 5 years.
- TechTarget's 1-year earnings growth exceeds its 5-year average (58.5% vs 31.9%)
- TechTarget's earnings growth has exceeded the US Media industry average in the past year (58.5% vs -27.5%).
Earnings and Revenue History
All data from TechTarget Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 124.01 | 14.15 | 63.05 | 8.74 |
| 2018-12-31 | 121.33 | 12.96 | 62.34 | 8.87 |
| 2018-09-30 | 119.82 | 13.68 | 60.33 | 8.57 |
| 2018-06-30 | 117.09 | 11.99 | 58.77 | 8.44 |
| 2018-03-31 | 112.28 | 8.93 | 57.96 | 8.39 |
| 2017-12-31 | 108.56 | 6.80 | 56.96 | 8.22 |
| 2017-09-30 | 104.92 | 3.50 | 56.51 | 8.18 |
| 2017-06-30 | 102.66 | 1.40 | 56.04 | 8.04 |
| 2017-03-31 | 105.17 | 2.44 | 56.17 | 7.97 |
| 2016-12-31 | 106.63 | 2.42 | 56.69 | 8.04 |
| 2016-09-30 | 109.36 | 4.30 | 56.70 | 7.98 |
| 2016-06-30 | 112.62 | 6.36 | 57.11 | 7.83 |
| 2016-03-31 | 113.20 | 6.79 | 57.58 | 7.91 |
| 2015-12-31 | 111.83 | 7.19 | 56.71 | 7.68 |
| 2015-09-30 | 113.07 | 6.92 | 58.51 | 7.68 |
| 2015-06-30 | 110.49 | 5.82 | 58.32 | 7.62 |
| 2015-03-31 | 106.88 | 4.29 | 57.66 | 7.33 |
| 2014-12-31 | 106.20 | 4.08 | 57.39 | 7.16 |
| 2014-09-30 | 99.30 | 2.38 | 54.92 | 6.82 |
| 2014-06-30 | 94.98 | 2.01 | 52.46 | 6.65 |
| 2014-03-31 | 91.93 | -0.16 | 51.31 | 6.58 |
| 2013-12-31 | 88.50 | -1.84 | 50.55 | 6.72 |
| 2013-09-30 | 90.12 | -0.81 | 49.68 | 6.96 |
| 2013-06-30 | 92.55 | -0.72 | 50.07 | 7.20 |
| 2013-03-31 | 95.83 | 2.12 | 49.54 | 7.41 |
| 2012-12-31 | 99.99 | 4.02 | 49.83 | 7.52 |
| 2012-09-30 | 103.57 | 4.99 | 50.94 | 7.65 |
| 2012-06-30 | 104.91 | 5.28 | 51.71 | 7.61 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- TechTarget has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- TechTarget used its assets more efficiently than the US Media industry average last year based on Return on Assets.
- TechTarget has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess TechTarget's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
TechTarget has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is TechTarget's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up TechTarget's finances.
The net worth of a company is the difference between its assets and liabilities.
- TechTarget is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- TechTarget's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from TechTarget Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 135.13 | 55.98 | 38.85 |
| 2018-12-31 | 132.59 | 24.96 | 35.17 |
| 2018-09-30 | 130.86 | 24.79 | 32.45 |
| 2018-06-30 | 128.69 | 27.26 | 34.28 |
| 2018-03-31 | 122.75 | 29.76 | 31.04 |
| 2017-12-31 | 120.75 | 32.23 | 33.62 |
| 2017-09-30 | 118.32 | 34.70 | 28.02 |
| 2017-06-30 | 119.93 | 35.92 | 32.52 |
| 2017-03-31 | 117.52 | 37.22 | 26.61 |
| 2016-12-31 | 117.56 | 38.44 | 29.47 |
| 2016-09-30 | 119.65 | 49.67 | 42.17 |
| 2016-06-30 | 123.08 | 49.65 | 42.77 |
| 2016-03-31 | 161.04 | 0.00 | 29.11 |
| 2015-12-31 | 160.00 | 0.00 | 25.43 |
| 2015-09-30 | 161.88 | 0.00 | 20.51 |
| 2015-06-30 | 163.22 | 0.00 | 21.31 |
| 2015-03-31 | 161.16 | 0.00 | 21.42 |
| 2014-12-31 | 155.85 | 0.00 | 24.76 |
| 2014-09-30 | 162.51 | 0.00 | 34.55 |
| 2014-06-30 | 163.32 | 0.00 | 37.71 |
| 2014-03-31 | 159.61 | 0.00 | 28.51 |
| 2013-12-31 | 157.06 | 0.00 | 29.81 |
| 2013-09-30 | 190.59 | 0.00 | 42.15 |
| 2013-06-30 | 189.23 | 0.00 | 32.48 |
| 2013-03-31 | 190.35 | 0.00 | 31.96 |
| 2012-12-31 | 199.31 | 0.00 | 55.02 |
| 2012-09-30 | 197.26 | 0.00 | 57.30 |
| 2012-06-30 | 195.15 | 0.00 | 55.03 |
- TechTarget's level of debt (18.2%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 18.2% today).
- Debt is well covered by operating cash flow (121.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 14.5x coverage).
Financial health checks
We assess TechTarget's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) TechTarget has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is TechTarget's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
TechTarget
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate TechTarget's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate TechTarget's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Media Industry Average Dividend Yield | Market Cap Weighted Average of 28 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as TechTarget has not reported any payouts.
- Unable to verify if TechTarget's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess TechTarget's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can TechTarget afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) TechTarget has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $1,085,066 |
| AGE | 46 |
| TENURE AS CEO | 3.1 years |
CEO Bio
Mr. Michael Cotoia, also known as Mike, has been the Chief Executive Officer of TechTarget, Inc. since May 2016 and served as its Chief Operating Officer since January 10, 2012 until May 2016. Mr. Cotoia served as an Executive Vice President of TechTarget, Inc. from December 22, 2010 to January 10, 2012. Mr. Cotoia was responsible for all worldwide sales strategy and revenue at TechTarget. Prior to this, he served as a Senior Vice President of Sales at TechTarget until December 22, 2010. He joined TechTarget in 2002. Mr. Cotoia also served as Vice President and Publisher of TechTarget storage media, CIO media and channel media since 2006. Prior to joining TechTarget, Mr. Cotoia held positions at EMC Corporation and Deloitte & Touche. He has been a Director of TechTarget, Inc. since May 9, 2016. He received his Bachelors Degree from Babson College and is a Certified Public Accountant.
CEO Compensation
- Mike's compensation has been consistent with company performance over the past year, both up more than 20%.
- Mike's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the TechTarget management team in years:
- The tenure for the TechTarget management team is about average.
Management Team
Greg Strakosch
Co-Founder & Executive Chairman
$1M
55
19.8 yrs
Mike Cotoia
CEO & Director
$1M
46
3.1 yrs
Don Hawk
Co-Founder & Executive Director of Product Innovation
$2M
47
Dan Noreck
CFO & Treasurer
$401K
46
2.5 yrs
Sean Tierney
CTO and Senior VP of Development & Technology
3.4 yrs
Charles Rennick
VP, General Counsel & Corporate Secretary
36
Gabrielle DeRussy
Vice President of Sales Operations
11.2 yrs
John Steinert
Chief Marketing Officer
3.1 yrs
Arden Port
Senior Vice President of Human Resources
Mark Schlack
Senior Vice President of Editorial
Board of Directors Tenure
Average tenure and age of the TechTarget board of directors in years:
- The tenure for the TechTarget board of directors is about average.
Board of Directors
Greg Strakosch
Co-Founder & Executive Chairman
$1M
55
12.4 yrs
Mike Cotoia
CEO & Director
$1M
46
3.1 yrs
Roger Marino
Director
$101K
79
19.4 yrs
Bruce Levenson
Lead Independent Director
$118K
68
3.4 yrs
Leonard Forman
Director
$123K
73
12.5 yrs
Bob Burke
Director
$109K
63
6.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17. May 19 | Sell | Bruce Levenson | Individual | 16. May 19 | 16. May 19 | -50,000 | $21.77 | $-1,088,500 | ||
| 19. Mar 19 | Sell | Michael Cotoia | Individual | 15. Mar 19 | 15. Mar 19 | -8,307 | $16.21 | $-134,656 | ||
| 25. Feb 19 | Sell | Bruce Levenson | Individual | 22. Feb 19 | 22. Feb 19 | -3,581 | $15.92 | $-57,010 | ||
| 20. Feb 19 | Sell | Daniel Noreck | Individual | 20. Feb 19 | 20. Feb 19 | -7,075 | $15.51 | $-109,733 | ||
| 19. Feb 19 | Sell | Bruce Levenson | Individual | 14. Feb 19 | 15. Feb 19 | -29,319 | $15.86 | $-464,865 | ||
| 17. Sep 18 | Sell | Bruce Levenson | Individual | 13. Sep 18 | 14. Sep 18 | -45,000 | $20.89 | $-914,625 | ||
| 14. Sep 18 | Sell | Kramly Llc | Company | 12. Sep 18 | 12. Sep 18 | -6,300 | $22.37 | $-140,931 | ||
| 14. Sep 18 | Sell | Roger Marino | Individual | 12. Sep 18 | 12. Sep 18 | -2,346 | $22.32 | $-52,363 | ||
| 13. Sep 18 | Sell | Bruce Levenson | Individual | 11. Sep 18 | 12. Sep 18 | -45,000 | $22.09 | $-993,375 | ||
| 12. Sep 18 | Sell | Kramly Llc | Company | 10. Sep 18 | 11. Sep 18 | -41,000 | $22.16 | $-907,260 | ||
| 12. Sep 18 | Sell | Roger Marino | Individual | 10. Sep 18 | 11. Sep 18 | -13,500 | $22.18 | $-299,345 | ||
| 04. Sep 18 | Sell | Kramly Llc | Company | 30. Aug 18 | 31. Aug 18 | -29,017 | $24.31 | $-704,127 | ||
| 04. Sep 18 | Sell | Roger Marino | Individual | 30. Aug 18 | 31. Aug 18 | -90,729 | $24.36 | $-2,187,089 | ||
| 30. Aug 18 | Sell | Kramly Llc | Company | 28. Aug 18 | 29. Aug 18 | -17,600 | $24.45 | $-430,012 | ||
| 30. Aug 18 | Sell | Roger Marino | Individual | 28. Aug 18 | 29. Aug 18 | -62,400 | $24.42 | $-1,519,322 | ||
| 30. Aug 18 | Sell | Gregory Strakosch | Individual | 28. Aug 18 | 28. Aug 18 | -31,300 | $24.46 | $-765,598 | ||
| 30. Aug 18 | Sell | Michael Cotoia | Individual | 29. Aug 18 | 29. Aug 18 | -22,352 | $24.36 | $-544,495 | ||
| 28. Aug 18 | Sell | Kramly Llc | Company | 24. Aug 18 | 27. Aug 18 | -22,000 | $24.10 | $-528,990 | ||
| 28. Aug 18 | Sell | Roger Marino | Individual | 24. Aug 18 | 27. Aug 18 | -70,012 | $24.08 | $-1,680,794 | ||
| 24. Aug 18 | Sell | Kramly Llc | Company | 22. Aug 18 | 23. Aug 18 | -15,400 | $24.17 | $-364,848 | ||
| 24. Aug 18 | Sell | Roger Marino | Individual | 22. Aug 18 | 23. Aug 18 | -53,500 | $24.16 | $-1,271,210 | ||
| 23. Aug 18 | Sell | Kramly Llc | Company | 21. Aug 18 | 21. Aug 18 | -26,400 | $23.14 | $-610,896 | ||
| 23. Aug 18 | Sell | Roger Marino | Individual | 21. Aug 18 | 21. Aug 18 | -93,600 | $23.12 | $-2,163,156 | ||
| 20. Aug 18 | Sell | Don Hawk | Individual | 16. Aug 18 | 16. Aug 18 | -12,098 | $23.35 | $-282,488 | ||
Management checks
We assess TechTarget's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) TechTarget has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Have Insiders Been Selling TechTarget, Inc. (NASDAQ:TTGT) Shares This Year?
NasdaqGM:TTGT Recent Insider Trading, June 10th 2019 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. … TechTarget Insiders Are Selling The Stock The last three months saw significant insider selling at TechTarget. … Insiders sold TechTarget shares recently, but they didn't buy any.
Simply Wall St - – Full articleDoes TechTarget, Inc.'s (NASDAQ:TTGT) CEO Salary Compare Well With Others?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Check out our latest analysis for TechTarget How Does Mike Cotoia's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Mike Cotoia takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders.
Simply Wall St - – Full articleAre TechTarget, Inc.'s (NASDAQ:TTGT) Interest Costs Too High?
TTGT’s Debt (And Cash Flows) TTGT's debt levels surged from US$30m to US$56m over the last 12 months , which includes long-term debt. … On top of this, TTGT has generated US$30m in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 53%, meaning that TTGT’s current level of operating cash is high enough to cover debt. … Next Steps: TTGT’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.
Simply Wall St - – Full articleTechTarget, Inc. (NASDAQ:TTGT): Commentary On Fundamentals
Help shape the future of investing tools and you could win a $250 gift card! … (NASDAQ:TTGT) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.
Simply Wall St - – Full articleIs TechTarget, Inc. (NASDAQ:TTGT) Better Than Average At Deploying Capital?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleIs TechTarget, Inc.'s (NASDAQ:TTGT) 9.8% ROE Strong Compared To Its Industry?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.098 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDespite Its High P/E Ratio, Is TechTarget, Inc. (NASDAQ:TTGT) Still Undervalued?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll show how you can use TechTarget, Inc.'s (NASDAQ:TTGT) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat You Must Know About TechTarget, Inc.'s (NASDAQ:TTGT) Beta Value
(NASDAQ:TTGT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Simply Wall St - – Full articleTechTarget Shareholders Have Enjoyed An Impressive 148% Share Price Gain
Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. … We can see that the TechTarget share price is up 125% in the last three years. … There's a strong correlation between the share price and EPS.
Simply Wall St - – Full articleShould You Think About Buying TechTarget, Inc. (NASDAQ:TTGT) Now?
received a lot of attention from a substantial price increase on the NASDAQGM over the last few months. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, what if the stock is still a bargain
Simply Wall St - – Full articleCompany Info
Description
TechTarget, Inc. provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques. The company offers online services, including IT Deal Alert, core online, demand solutions, brand solutions, and custom content creation. It also operates an integrated content platform that consists of a network of approximately 140 Websites that focus on a specific IT sector, such as storage, security, networking, or business applications. In addition, the company enables registered members to conduct their pre-purchase research by accessing vendor supplied content through a network of Websites. TechTarget, Inc. was founded in 1999 and is headquartered in Newton, Massachusetts.
Details
| Name: | TechTarget, Inc. |
| TTGT | |
| Exchange: | NasdaqGM |
| Founded: | 1999 |
| $553,021,154 | |
| 27,595,866 | |
| Website: | http://www.techtarget.com |
| Address: |
TechTarget, Inc. 275 Grove Street, Newton, Massachusetts, 02466, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGM | TTGT | Common Stock | Nasdaq Global Market | US | USD | 17. May 2007 | |
| DB | EFT | Common Stock | Deutsche Boerse AG | DE | EUR | 17. May 2007 |
Number of employees
Current staff
Industry
| Advertising | |
| Media |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/18 00:00 |
| End of day share price update: | 2019/06/17 00:00 |
| Last estimates confirmation: | 2019/05/09 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
