TechTarget
Market Cap
US$781.8m
Last Updated
2020/02/16 23:59 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
Risk Analysis
No risks detected for TTGT from our risk checks.
Snowflake Analysis
Solid track record with excellent balance sheet.
Similar Companies
Share Price & News
How has TechTarget's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TTGT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
5.0%
TTGT
2.2%
US Media
1.5%
US Market
1 Year Return
75.4%
TTGT
20.0%
US Media
20.1%
US Market
Return vs Industry: TTGT exceeded the US Media industry which returned 20% over the past year.
Return vs Market: TTGT exceeded the US Market which returned 20.1% over the past year.
Shareholder returns
| TTGT | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.0% | 2.2% | 1.5% |
| 30 Day | 8.1% | -0.4% | 1.4% |
| 90 Day | -4.1% | 5.1% | 8.7% |
| 1 Year | 75.4%75.4% | 21.6%20.0% | 22.7%20.1% |
| 3 Year | 196.8%196.8% | 17.9%13.0% | 50.1%40.5% |
| 5 Year | 146.1%146.1% | 36.4%25.6% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is TechTarget's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is TechTarget, Inc.'s (NASDAQ:TTGT) CEO Being Overpaid?3 weeks ago | Simply Wall St
Should We Be Cautious About TechTarget, Inc.'s (NASDAQ:TTGT) ROE Of 10%?1 month ago | Simply Wall St
TechTarget's (NASDAQ:TTGT) Earnings Are Growing But Is There More To The Story?Valuation
Is TechTarget undervalued compared to its fair value and its price relative to the market?
29.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TTGT ($27.78) is trading below our estimate of fair value ($39.4)
Significantly Below Fair Value: TTGT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TTGT is poor value based on its PE Ratio (45.9x) compared to the Media industry average (14.1x).
PE vs Market: TTGT is poor value based on its PE Ratio (45.9x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: TTGT is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: TTGT is overvalued based on its PB Ratio (5.1x) compared to the US Media industry average (1.4x).
Next Steps
Future Growth
How is TechTarget forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
22.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TTGT's forecast earnings growth (22.9% per year) is above the savings rate (1.7%).
Earnings vs Market: TTGT's earnings (22.9% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TTGT's revenue (9% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: TTGT's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TTGT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has TechTarget performed over the past 5 years?
29.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TTGT has high quality earnings.
Growing Profit Margin: TTGT's current net profit margins (12.6%) are higher than last year (10.7%).
Past Earnings Growth Analysis
Earnings Trend: TTGT's earnings have grown significantly by 29.4% per year over the past 5 years.
Accelerating Growth: TTGT's earnings growth over the past year (30.3%) exceeds its 5-year average (29.4% per year).
Earnings vs Industry: TTGT earnings growth over the past year (30.3%) exceeded the Media industry 1%.
Return on Equity
High ROE: TTGT's Return on Equity (11%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is TechTarget's financial position?
Financial Position Analysis
Short Term Liabilities: TTGT's short term assets ($87.4M) exceed its short term liabilities ($16.4M).
Long Term Liabilities: TTGT's short term assets ($87.4M) exceed its long term liabilities ($52.3M).
Debt to Equity History and Analysis
Debt Level: TTGT's debt to equity ratio (15.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TTGT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TTGT's debt is well covered by operating cash flow (153.9%).
Interest Coverage: TTGT's interest payments on its debt are well covered by EBIT (32.9x coverage).
Balance Sheet
Inventory Level: TTGT has a low level of unsold assets or inventory.
Debt Coverage by Assets: TTGT's debt is covered by short term assets (assets are 3.7x debt).
Next Steps
Dividend
What is TechTarget's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TTGT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TTGT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TTGT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TTGT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TTGT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average management tenure
CEO
Mike Cotoia (47yo)
3.8yrs
Tenure
US$1,085,066
Compensation
Mr. Michael Cotoia, also known as Mike, has been the Chief Executive Officer of TechTarget, Inc. since May 2016 and served as its Chief Operating Officer since January 10, 2012 until May 2016. Mr. Cotoia s ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD1.09M) is below average for companies of similar size in the US market ($USD2.47M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | 13.1yrs | US$1.09m | 2.3% $18.0m | |
| CEO & Director | 3.8yrs | US$1.09m | 0.0076% $59.7k | |
| Co-Founder & Executive Director of Product Innovation | 0yrs | US$2.39m | 0.49% $3.8m | |
| CFO & Treasurer | 3.2yrs | US$401.44k | 0.098% $768.0k | |
| CTO and Senior VP of Development & Technology | 4.1yrs | no data | no data | |
| VP, General Counsel & Corporate Secretary | 0yrs | no data | no data | |
| Vice President of Sales Operations | 11.8yrs | no data | no data | |
| Chief Marketing Officer | 3.8yrs | no data | no data | |
| Senior Vice President of Human Resources | 0yrs | no data | no data | |
| Senior Vice President of Editorial | 0yrs | no data | no data |
3.9yrs
Average Tenure
47yo
Average Age
Experienced Management: TTGT's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | 13.1yrs | US$1.09m | 2.3% $18.0m | |
| CEO & Director | 3.8yrs | US$1.09m | 0.0076% $59.7k | |
| Independent Director | 7.3yrs | US$108.70k | 0.41% $3.2m | |
| Independent Director | 20.1yrs | US$100.70k | 6.3% $49.2m | |
| Independent Director | 13.2yrs | US$123.22k | 0.41% $3.2m | |
| Lead Independent Director | 4.1yrs | US$118.22k | 3.59% $28.0m | |
| Director | 0.5yrs | no data | no data |
7.3yrs
Average Tenure
66.5yo
Average Age
Experienced Board: TTGT's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TTGT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
TechTarget, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: TechTarget, Inc.
- Ticker: TTGT
- Exchange: NasdaqGM
- Founded: 1999
- Industry: Advertising
- Sector: Media
- Market Cap: US$781.799m
- Shares outstanding: 28.14m
- Website: https://www.techtarget.com
Number of Employees
Location
- TechTarget, Inc.
- 275 Grove Street
- Newton
- Massachusetts
- 2466
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TTGT | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | May 2007 |
| EFT | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2007 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:59 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.