company background image
TTGT

TechTargetNasdaqGM:TTGT Stock Report

Market Cap

US$2.8b

7D

-9.5%

1Y

84.0%

Updated

27 Nov, 2021

Data

Company Financials +
TTGT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance2/6
Financial Health3/6
Dividends0/6

TTGT Stock Overview

TechTarget, Inc., together with its subsidiaries, provides marketing and sales services that deliver business impact for enterprise technology companies in North America and internationally.

TechTarget Competitors

Cardlytics

NasdaqGM:CDLX

US$2.4b

Marchex

NasdaqGS:MCHX

US$114.2m

Amazon.com

NasdaqGS:AMZN

US$1.8t

Meta Platforms

NasdaqGS:FB

US$926.7b

Price History & Performance

Summary of all time highs, changes and price drops for TechTarget
Historical stock prices
Current Share PriceUS$96.72
52 Week HighUS$111.44
52 Week LowUS$49.58
Beta0.89
1 Month Change5.38%
3 Month Change18.10%
1 Year Change84.02%
3 Year Change572.13%
5 Year Change1,085.29%
Change since IPO553.96%

Recent News & Updates

Nov 16
Calculating The Intrinsic Value Of TechTarget, Inc. (NASDAQ:TTGT)

Calculating The Intrinsic Value Of TechTarget, Inc. (NASDAQ:TTGT)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of TechTarget, Inc...

Oct 14
TechTarget (NASDAQ:TTGT) Has Some Way To Go To Become A Multi-Bagger

TechTarget (NASDAQ:TTGT) Has Some Way To Go To Become A Multi-Bagger

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Sep 28
At US$88.41, Is TechTarget, Inc. (NASDAQ:TTGT) Worth Looking At Closely?

At US$88.41, Is TechTarget, Inc. (NASDAQ:TTGT) Worth Looking At Closely?

While TechTarget, Inc. ( NASDAQ:TTGT ) might not be the most widely known stock at the moment, it received a lot of...

Shareholder Returns

TTGTUS MediaUS Market
7D-9.5%-2.0%-2.7%
1Y84.0%4.7%21.3%

Return vs Industry: TTGT exceeded the US Media industry which returned 4.7% over the past year.

Return vs Market: TTGT exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is TTGT's price volatile compared to industry and market?
TTGT volatility
TTGT Average Weekly Movement6.6%
Media Industry Average Movement6.9%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: TTGT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TTGT's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999940Mike Cotoiahttps://www.techtarget.com

TechTarget, Inc., together with its subsidiaries, provides marketing and sales services that deliver business impact for enterprise technology companies in North America 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, including priority engine, qualified sales opportunities, deal data services; demand solutions, such as white papers, webcasts, podcasts, videocasts, virtual trade shows, and content sponsorships; brand solutions comprise on-network, off-network, and microsites and related formats branding; and custom content creation.

TechTarget Fundamentals Summary

How do TechTarget's earnings and revenue compare to its market cap?
TTGT fundamental statistics
Market CapUS$2.79b
Earnings (TTM)US$20.22m
Revenue (TTM)US$232.35m

137.9x

P/E Ratio

12.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TTGT income statement (TTM)
RevenueUS$232.35m
Cost of RevenueUS$60.28m
Gross ProfitUS$172.07m
ExpensesUS$151.85m
EarningsUS$20.22m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.70
Gross Margin74.06%
Net Profit Margin8.70%
Debt/Equity Ratio93.8%

How did TTGT perform over the long term?

See historical performance and comparison

Valuation

Is TechTarget undervalued compared to its fair value and its price relative to the market?

21.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TTGT ($96.72) is trading below our estimate of fair value ($122.37)

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 (137.9x) compared to the US Media industry average (14.7x).

PE vs Market: TTGT is poor value based on its PE Ratio (137.9x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: TTGT is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: TTGT is overvalued based on its PB Ratio (13.4x) compared to the US Media industry average (2.2x).


Future Growth

How is TechTarget forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

49.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTGT's forecast earnings growth (49.2% per year) is above the savings rate (2%).

Earnings vs Market: TTGT's earnings (49.2% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TTGT's revenue (15.5% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: TTGT's revenue (15.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TTGT's Return on Equity is forecast to be high in 3 years time (20.5%)


Past Performance

How has TechTarget performed over the past 5 years?

30.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTGT has high quality earnings.

Growing Profit Margin: TTGT's current net profit margins (8.7%) are lower than last year (12.9%).


Past Earnings Growth Analysis

Earnings Trend: TTGT's earnings have grown significantly by 30.3% per year over the past 5 years.

Accelerating Growth: TTGT's earnings growth over the past year (13.3%) is below its 5-year average (30.3% per year).

Earnings vs Industry: TTGT earnings growth over the past year (13.3%) underperformed the Media industry 63.1%.


Return on Equity

High ROE: TTGT's Return on Equity (9.7%) is considered low.


Financial Health

How is TechTarget's financial position?


Financial Position Analysis

Short Term Liabilities: TTGT's short term assets ($159.3M) exceed its short term liabilities ($63.3M).

Long Term Liabilities: TTGT's short term assets ($159.3M) do not cover its long term liabilities ($237.6M).


Debt to Equity History and Analysis

Debt Level: TTGT's net debt to equity ratio (43.7%) is considered high.

Reducing Debt: TTGT's debt to equity ratio has increased from 41.4% to 93.8% over the past 5 years.

Debt Coverage: TTGT's debt is well covered by operating cash flow (38.9%).

Interest Coverage: TTGT's interest payments on its debt are well covered by EBIT (18.5x coverage).


Balance Sheet


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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Mike Cotoia (49 yo)

5.5yrs

Tenure

US$6,485,932

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 ($USD6.49M) is about average for companies of similar size in the US market ($USD5.20M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TTGT's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: TTGT's board of directors are considered experienced (7.4 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 been diluted in the past year, with total shares outstanding growing by 2.6%.


Top Shareholders

Company Information

TechTarget, Inc.'s 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$2.787b
  • Shares outstanding: 28.82m
  • Website: https://www.techtarget.com

Number of Employees


Location

  • TechTarget, Inc.
  • 275 Grove Street
  • Newton
  • Massachusetts
  • 2466
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 23:28
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.