NasdaqGM:TTGT

Stock Analysis Report

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.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

1.1%

TTGT

1.5%

US Media

1.0%

US Market


1 Year Return

15.0%

TTGT

18.1%

US Media

8.0%

US Market

Return vs Industry: TTGT underperformed the US Media industry which returned 18.1% over the past year.

Return vs Market: TTGT exceeded the US Market which returned 8% over the past year.


Shareholder returns

TTGTIndustryMarket
7 Day1.1%1.5%1.0%
30 Day-6.4%0.5%-0.07%
90 Day-1.2%-0.07%-1.0%
1 Year15.0%15.0%19.6%18.1%10.4%8.0%
3 Year178.3%178.3%29.7%24.5%46.2%36.7%
5 Year145.3%145.3%42.5%31.1%64.3%46.2%

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

Valuation

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

33.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TTGT ($23.13) is trading below our estimate of fair value ($34.99)

Significantly Below Fair Value: TTGT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TTGT is poor value based on its PE Ratio (46.4x) compared to the Media industry average (12.8x).

PE vs Market: TTGT is poor value based on its PE Ratio (46.4x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: TTGT is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: TTGT is overvalued based on its PB Ratio (4.5x) compared to the US Media industry average (1.3x).


Next Steps

Future Growth

How is TechTarget forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

31.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTGT's forecast earnings growth (31.8% per year) is above the savings rate (2.7%).

Earnings vs Market: TTGT's earnings (31.8% 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 (10.7% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: TTGT's revenue (10.7% 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?

29.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TTGT's earnings have grown significantly by 29.5% per year over the past 5 years.

Accelerating Growth: TTGT's earnings growth over the past year (15.8%) is below its 5-year average (29.5% per year).

Earnings vs Industry: TTGT earnings growth over the past year (15.8%) exceeded the Media industry -35.1%.


Return on Equity

High ROE: TTGT's Return on Equity (9.8%) is considered low.


Return on Assets

ROA vs Industry: TTGT has a higher Return on Assets than the Media industry average last year.


Return on Capital Employed

ROCE Improving: TTGT has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is TechTarget's financial position?


Financial Position Analysis

Short Term Liabilities: TTGT's short term assets ($74.5M) exceeds its short term liabilities ($15.3M)

Long Term Liabilities: TTGT's short term assets (74.5M) exceeds its long term liabilities (51.8M)


Debt to Equity History and Analysis

Debt Level: TTGT's debt to equity ratio (17.2%) 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 (131.3%).

Interest Coverage: TTGT's interest payments on its debt are well covered by EBIT (20.1x 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 3.060530x debt).


Next Steps

Dividend

What is TechTarget's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of TechTarget's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Mike Cotoia (47yo)

3.4yrs

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 ($USD1.09M) is below average for companies of similar size in the US market ($USD2.67M).

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


Management Age and Tenure

3.6yrs

Average Tenure

47yo

Average Age

Experienced Management: TTGT's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

6.9yrs

Average Tenure

66.5yo

Average Age

Experienced Board: TTGT's board of directors are considered experienced (6.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$1,007,90017 Jun 19
Bruce Levenson
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares50,000
Max PriceUS$20.17
SellUS$1,088,50017 May 19
Bruce Levenson
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares50,000
Max PriceUS$21.77
SellUS$134,65619 Mar 19
Michael Cotoia
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares8,307
Max PriceUS$16.21
SellUS$57,01025 Feb 19
Bruce Levenson
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares3,581
Max PriceUS$15.92
SellUS$109,73320 Feb 19
Daniel Noreck
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares7,075
Max PriceUS$15.51
SellUS$464,86519 Feb 19
Bruce Levenson
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares29,319
Max PriceUS$15.86

Ownership Breakdown


Management Team

  • Greg Strakosch (56yo)

    Co-Founder & Executive Chairman

    • Tenure: 12.8yrs
    • Compensation: US$1.09m
  • Mark Schlack

    Senior Vice President of Editorial

    • Tenure: 0yrs
  • Don Hawk (48yo)

    Co-Founder & Executive Director of Product Innovation

    • Tenure: 0yrs
    • Compensation: US$2.39m
  • Gabrielle DeRussy

    Vice President of Sales Operations

    • Tenure: 11.5yrs
  • Mike Cotoia (47yo)

    CEO & Director

    • Tenure: 3.4yrs
    • Compensation: US$1.09m
  • Sean Tierney

    CTO and Senior VP of Development & Technology

    • Tenure: 3.8yrs
  • Arden Port

    Senior Vice President of Human Resources

    • Tenure: 0yrs
  • Dan Noreck (47yo)

    CFO & Treasurer

    • Tenure: 2.8yrs
    • Compensation: US$401.44k
  • Charles Rennick (37yo)

    VP, General Counsel & Corporate Secretary

    • Tenure: 0yrs
  • John Steinert

    Chief Marketing Officer

    • Tenure: 3.4yrs

Board Members

  • Bob Burke (64yo)

    Independent Director

    • Tenure: 6.9yrs
    • Compensation: US$108.70k
  • Roger Marino (80yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$100.70k
  • Leonard Forman (74yo)

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: US$123.22k
  • Greg Strakosch (56yo)

    Co-Founder & Executive Chairman

    • Tenure: 12.8yrs
    • Compensation: US$1.09m
  • Bruce Levenson (69yo)

    Lead Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$118.22k
  • Mike Cotoia (47yo)

    CEO & Director

    • Tenure: 3.4yrs
    • Compensation: US$1.09m
  • Christina Houten

    Director

    • Tenure: 0.2yrs

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$639.592m
  • Shares outstanding: 27.65m
  • Website: https://www.techtarget.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TTGTNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMay 2007
EFTDB (Deutsche Boerse AG)YesCommon StockDEEURMay 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 provid ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:02
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.