TechTarget
Market Cap
US$1.4b
Last Updated
2020/11/26 00:53 UTC
Data Sources
Company Financials +
Executive Summary
TechTarget, Inc. provides specialized online content for buyers of enterprise information technology (IT) products and services in North America and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with proven track record.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: TTGT's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
1.0%
TTGT
4.2%
US Media
2.8%
US Market
1 Year Return
93.9%
TTGT
13.7%
US Media
19.7%
US Market
Return vs Industry: TTGT exceeded the US Media industry which returned 15.5% over the past year.
Return vs Market: TTGT exceeded the US Market which returned 20.4% over the past year.
Shareholder returns
| TTGT | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | 4.2% | 2.8% |
| 30 Day | 10.9% | 17.6% | 8.0% |
| 90 Day | 30.2% | 12.6% | 6.8% |
| 1 Year | 93.9%93.9% | 15.3%13.7% | 22.4%19.7% |
| 3 Year | 268.0%268.0% | 38.3%32.4% | 47.3%37.5% |
| 5 Year | 478.6%478.6% | 66.4%54.4% | 93.6%72.3% |
Long-Term 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
6 hours ago | Simply Wall St
TechTarget (NASDAQ:TTGT) Has A Rock Solid Balance Sheet2 weeks ago | Simply Wall St
Announcing: TechTarget (NASDAQ:TTGT) Stock Soared An Exciting 578% In The Last Five Years4 weeks ago | Simply Wall St
What We Make Of TechTarget's (NASDAQ:TTGT) Returns On CapitalValuation
Is TechTarget undervalued compared to its fair value and its price relative to the market?
80.32x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TTGT ($51.44) is trading above our estimate of fair value ($34.54)
Significantly Below Fair Value: TTGT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TTGT is poor value based on its PE Ratio (80.3x) compared to the US Media industry average (23.2x).
PE vs Market: TTGT is poor value based on its PE Ratio (80.3x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: TTGT is poor value based on its PEG Ratio (4.7x)
Price to Book Ratio
PB vs Industry: TTGT is overvalued based on its PB Ratio (8.9x) compared to the US Media industry average (1.7x).
Next Steps
Future Growth
How is TechTarget forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
17.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TTGT's forecast earnings growth (17.1% per year) is above the savings rate (2.2%).
Earnings vs Market: TTGT's earnings (17.1% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: TTGT's earnings are forecast to grow, but not significantly.
Revenue vs Market: TTGT's revenue (9.3% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: TTGT's revenue (9.3% 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
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Past Performance
How has TechTarget performed over the past 5 years?
30.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TTGT has high quality earnings.
Growing Profit Margin: TTGT's current net profit margins (12.9%) are higher than last year (11.9%).
Past Earnings Growth Analysis
Earnings Trend: TTGT's earnings have grown significantly by 30.1% per year over the past 5 years.
Accelerating Growth: TTGT's earnings growth over the past year (15.3%) is below its 5-year average (30.1% per year).
Earnings vs Industry: TTGT earnings growth over the past year (15.3%) exceeded the Media industry -12.2%.
Return on Equity
High ROE: TTGT's Return on Equity (11%) is considered low.
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Financial Health
How is TechTarget's financial position?
Financial Position Analysis
Short Term Liabilities: TTGT's short term assets ($91.8M) exceed its short term liabilities ($18.2M).
Long Term Liabilities: TTGT's short term assets ($91.8M) exceed its long term liabilities ($50.7M).
Debt to Equity History and Analysis
Debt Level: TTGT's debt to equity ratio (14%) 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 (188%).
Interest Coverage: TTGT's interest payments on its debt are well covered by EBIT (67.2x coverage).
Balance Sheet
Next Steps
Dividend
What is TechTarget current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TTGT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TTGT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.
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Management
How experienced are the management team and are they aligned to shareholders interests?
8.7yrs
Average management tenure
CEO
Mike Cotoia (48 yo)
4.5yrs
Tenure
US$6,477,383
Compensation
Mr. Michael Cotoia, also known as Mike, has been the Chief Executive Officer of TechTarget, Inc. since May 2016 and served as its Chief Operating Officer since January 10, 2012 until May 2016. Mr. Cotoia s...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD6.48M) is above average for companies of similar size in the US market ($USD4.16M).
Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.5yrs | US$6.48m | 0.015% $ 211.6k | |
| Co-Founder & Executive Director of Product Innovation | no data | US$1.56m | 0.40% $ 5.7m | |
| CFO & Treasurer | 3.92yrs | US$861.43k | 0.030% $ 431.9k | |
| CTO and Senior VP of Development & Technology | 4.83yrs | no data | no data | |
| VP, General Counsel & Corporate Secretary | no data | no data | no data | |
| Vice President of Sales Operations | 12.58yrs | no data | no data | |
| Chief Marketing Officer | 4.5yrs | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Senior Vice President of Editorial | no data | no data | no data | |
| Senior Vice President of Sales Strategy | 19.17yrs | no data | no data | |
| Senior Vice President of Products | 15.83yrs | no data | no data | |
| Executive Vice President of Data | 17yrs | no data | no data |
8.7yrs
Average Tenure
48yo
Average Age
Experienced Management: TTGT's management team is seasoned and experienced (8.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.5yrs | US$6.48m | 0.015% $ 211.6k | |
| Independent Director | 8yrs | US$148.92k | 0.41% $ 5.9m | |
| Independent Director | 20.83yrs | US$147.43k | 5.22% $ 75.4m | |
| Co-Founder & Executive Chairman | 13.83yrs | US$3.46m | 0.58% $ 8.4m | |
| Lead Independent Director | 4.83yrs | US$153.94k | 3.04% $ 43.9m | |
| Independent Director | 1.25yrs | US$474.30k | 0.025% $ 367.9k |
6.4yrs
Average Tenure
61yo
Average Age
Experienced Board: TTGT's board of directors are considered experienced (6.4 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$1.445b
- Shares outstanding: 28.10m
- 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 North America and internationally. It also provides purchase-intent market...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 00:53 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/09/30 |
| 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.