NasdaqGM:TTGT

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Executive Summary

TechTarget, Inc. provides specialized online content for buyers of enterprise information technology (IT) products and services in North America and internationally.


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.4%

TTGT

0.09%

US Media

-0.04%

US Market


1 Year Return

69.1%

TTGT

5.6%

US Media

17.1%

US Market

Return vs Industry: TTGT exceeded the US Media industry which returned 5.3% over the past year.

Return vs Market: TTGT exceeded the US Market which returned 16.8% over the past year.


Shareholder returns

TTGTIndustryMarket
7 Day0.4%0.09%-0.04%
30 Day22.5%8.5%5.1%
90 Day62.5%21.4%19.5%
1 Year69.1%69.1%7.2%5.6%19.6%17.1%
3 Year286.7%286.7%6.6%2.3%42.5%33.3%
5 Year303.4%303.4%44.0%34.0%75.1%56.2%

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?

65.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TTGT ($38.28) is trading above our estimate of fair value ($34.06)

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 (65.1x) compared to the US Media industry average (14.6x).

PE vs Market: TTGT is poor value based on its PE Ratio (65.1x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: TTGT is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: TTGT is overvalued based on its PB Ratio (6.9x) compared to the US Media industry average (1.5x).


Next Steps

Future Growth

How is TechTarget forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

29.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTGT's forecast earnings growth (29.4% per year) is above the savings rate (2.2%).

Earnings vs Market: TTGT's earnings (29.4% per year) are forecast to grow faster than the US market (24% per year).

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

Revenue vs Market: TTGT's revenue (9.5% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: TTGT's revenue (9.5% 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?

29.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTGT has high quality earnings.

Growing Profit Margin: TTGT's current net profit margins (12.1%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: TTGT's earnings have grown significantly by 29.3% per year over the past 5 years.

Accelerating Growth: TTGT's earnings growth over the past year (18.1%) is below its 5-year average (29.3% per year).

Earnings vs Industry: TTGT earnings growth over the past year (18.1%) exceeded the Media industry -3.3%.


Return on Equity

High ROE: TTGT's Return on Equity (10.7%) is considered low.


Next Steps

Financial Health

How is TechTarget's financial position?


Financial Position Analysis

Short Term Liabilities: TTGT's short term assets ($82.8M) exceed its short term liabilities ($19.3M).

Long Term Liabilities: TTGT's short term assets ($82.8M) exceed its long term liabilities ($50.4M).


Debt to Equity History and Analysis

Debt Level: TTGT's debt to equity ratio (15%) 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 (183.9%).

Interest Coverage: TTGT's interest payments on its debt are well covered by EBIT (27.4x 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.


Next Steps

Management

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

8.5yrs

Average management tenure


CEO

Mike Cotoia (48 yo)

4.25yrs

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 ($USD6.48M) is above average for companies of similar size in the US market ($USD2.99M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Cotoia
CEO & Director4.25yrsUS$6.48m0.29%
$ 3.0m
Don Hawk
Co-Founder & Executive Director of Product Innovationno dataUS$1.56m0.56%
$ 5.9m
Daniel Noreck
CFO & Treasurer3.67yrsUS$861.43k0.093%
$ 981.7k
Sean Tierney
CTO and Senior VP of Development & Technology4.58yrsno datano data
Charles Rennick
VP, General Counsel & Corporate Secretaryno datano datano data
Gabrielle DeRussy
Vice President of Sales Operations12.33yrsno datano data
John Steinert
Chief Marketing Officer4.25yrsno datano data
Arden Port
Senior Vice President of Human Resourcesno datano datano data
Mark Schlack
Senior Vice President of Editorialno datano datano data
Doug Olender
Senior Vice President of Sales Strategy18.92yrsno datano data
Andrew Briney
Senior Vice President of Products15.58yrsno datano data
Bill Crowley
Executive Vice President of Data16.75yrsno datano data

8.5yrs

Average Tenure

48yo

Average Age

Experienced Management: TTGT's management team is seasoned and experienced (8.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Cotoia
CEO & Director4.25yrsUS$6.48m0.29%
$ 3.0m
Robert Burke
Independent Director7.75yrsUS$148.92k0.42%
$ 4.4m
Roger Marino
Independent Director20.58yrsUS$147.43k5.81%
$ 61.2m
Gregory Strakosch
Co-Founder & Executive Chairman13.58yrsUS$3.46m1.59%
$ 16.7m
Bruce Levenson
Lead Independent Director4.58yrsUS$153.94k3.27%
$ 34.4m
Christina Van Houten
Independent Director1yrUS$474.30k0.0053%
$ 55.3k

6.2yrs

Average Tenure

61yo

Average Age

Experienced Board: TTGT's board of directors are considered experienced (6.2 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$1.054b
  • Shares outstanding: 27.54m
  • 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 North America and internationally. It also provides purchase-intent market ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 00:20
End of Day Share Price2020/08/11 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.