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TechTarget

Nasdaq:TTGT
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TTGT
Nasdaq
$589M
Market Cap
  1. Home
  2. US
  3. Media
Company description

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. The last earnings update was 72 days ago. More info.


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  • TechTarget has significant price volatility in the past 3 months.
TTGT Share Price and Events
7 Day Returns
-0.2%
NasdaqGM:TTGT
0.4%
US Media
-0.3%
US Market
1 Year Returns
-34%
NasdaqGM:TTGT
21.9%
US Media
3.4%
US Market
TTGT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TechTarget (TTGT) -0.2% 0.9% 37.5% -34% 136.7% 168.6%
US Media 0.4% 4.1% 4.9% 21.9% 25% 26.5%
US Market -0.3% 2.9% 2.1% 3.4% 36.2% 41.3%
1 Year Return vs Industry and Market
  • TTGT underperformed the Media industry which returned 21.9% over the past year.
  • TTGT underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
TTGT
Industry
5yr Volatility vs Market
Related Companies

Value

 Is TechTarget undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TechTarget to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TechTarget.

NasdaqGM:TTGT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:TTGT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.764 (1 + (1- 21%) (9.5%))
0.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.88 * 5.96%)
7.98%

Discounted Cash Flow Calculation for NasdaqGM:TTGT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TechTarget is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:TTGT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.98%)
2020 17.00 Analyst x1 15.74
2021 25.80 Analyst x1 22.13
2022 33.30 Analyst x1 26.45
2023 42.30 Analyst x1 31.12
2024 49.70 Est @ 17.5% 33.86
2025 56.20 Est @ 13.07% 35.46
2026 61.80 Est @ 9.97% 36.12
2027 66.61 Est @ 7.79% 36.06
2028 70.79 Est @ 6.28% 35.49
2029 74.48 Est @ 5.21% 34.58
Present value of next 10 years cash flows $307.01
NasdaqGM:TTGT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $74.48 × (1 + 2.73%) ÷ (7.98% – 2.73%)
$1,458.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,458.79 ÷ (1 + 7.98%)10
$677.26
NasdaqGM:TTGT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $307.01 + $677.26
$984.27
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $984.27 / 27.60
$35.67
NasdaqGM:TTGT Discount to Share Price
Calculation Result
Value per share (USD) From above. $35.67
Current discount Discount to share price of $21.35
= -1 x ($21.35 - $35.67) / $35.67
40.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TechTarget is available for.
Intrinsic value
40%
Share price is $21.35 vs Future cash flow value of $35.67
Current Discount Checks
For TechTarget to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TechTarget's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TechTarget's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TechTarget's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TechTarget's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:TTGT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.51
NasdaqGM:TTGT Share Price ** NasdaqGM (2019-07-18) in USD $21.35
United States of America Media Industry PE Ratio Median Figure of 42 Publicly-Listed Media Companies 18.27x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TechTarget.

NasdaqGM:TTGT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:TTGT Share Price ÷ EPS (both in USD)

= 21.35 ÷ 0.51

41.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TechTarget is overvalued based on earnings compared to the US Media industry average.
  • TechTarget is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does TechTarget's expected growth come at a high price?
Raw Data
NasdaqGM:TTGT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
24.9%per year
United States of America Media Industry PEG Ratio Median Figure of 33 Publicly-Listed Media Companies 1.24x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGM:TTGT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.96x ÷ 24.9%

1.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TechTarget is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TechTarget's assets?
Raw Data
NasdaqGM:TTGT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.88
NasdaqGM:TTGT Share Price * NasdaqGM (2019-07-18) in USD $21.35
United States of America Media Industry PB Ratio Median Figure of 74 Publicly-Listed Media Companies 1.95x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.8x
NasdaqGM:TTGT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:TTGT Share Price ÷ Book Value per Share (both in USD)

= 21.35 ÷ 4.88

4.38x

* Primary Listing of TechTarget.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TechTarget is overvalued based on assets compared to the US Media industry average.
X
Value checks
We assess TechTarget's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. TechTarget has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TechTarget expected to grow at an attractive rate?
  • TechTarget's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • TechTarget's earnings growth is expected to exceed the United States of America market average.
  • TechTarget's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:TTGT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:TTGT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 24.9%
NasdaqGM:TTGT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10.7%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:TTGT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:TTGT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 206 1
2022-12-31 185 1
2021-12-31 164 1
2020-12-31 147 22 4
2019-12-31 134 17 4
NasdaqGM:TTGT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 124 30 14
2018-12-31 121 24 13
2018-09-30 120 27 14
2018-06-30 117 23 12
2018-03-31 112 23 9
2017-12-31 109 19 7
2017-09-30 105 14 3
2017-06-30 103 16 1
2017-03-31 105 15 2
2016-12-31 107 18 2
2016-09-30 109 22 4
2016-06-30 113 19 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TechTarget's earnings are expected to grow significantly at over 20% yearly.
  • TechTarget's revenue is expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:TTGT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from TechTarget Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:TTGT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.77 0.90 0.68 4.00
2019-12-31 0.61 0.71 0.52 4.00
NasdaqGM:TTGT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.51
2018-12-31 0.47
2018-09-30 0.50
2018-06-30 0.43
2018-03-31 0.32
2017-12-31 0.25
2017-09-30 0.13
2017-06-30 0.05
2017-03-31 0.08
2016-12-31 0.08
2016-09-30 0.14
2016-06-30 0.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TechTarget will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TechTarget's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TechTarget has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TechTarget performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TechTarget's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TechTarget has delivered over 20% year on year earnings growth in the past 5 years.
  • TechTarget's 1-year earnings growth exceeds its 5-year average (58.5% vs 31.9%)
  • TechTarget's earnings growth has exceeded the US Media industry average in the past year (58.5% vs -27.5%).
Earnings and Revenue History
TechTarget's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TechTarget Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:TTGT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 124.01 14.15 63.05 8.74
2018-12-31 121.33 12.96 62.34 8.87
2018-09-30 119.82 13.68 60.33 8.57
2018-06-30 117.09 11.99 58.77 8.44
2018-03-31 112.28 8.93 57.96 8.39
2017-12-31 108.56 6.80 56.96 8.22
2017-09-30 104.92 3.50 56.51 8.18
2017-06-30 102.66 1.40 56.04 8.04
2017-03-31 105.17 2.44 56.17 7.97
2016-12-31 106.63 2.42 56.69 8.04
2016-09-30 109.36 4.30 56.70 7.98
2016-06-30 112.62 6.36 57.11 7.83
2016-03-31 113.20 6.79 57.58 7.91
2015-12-31 111.83 7.19 56.71 7.68
2015-09-30 113.07 6.92 58.51 7.68
2015-06-30 110.49 5.82 58.32 7.62
2015-03-31 106.88 4.29 57.66 7.33
2014-12-31 106.20 4.08 57.39 7.16
2014-09-30 99.30 2.38 54.92 6.82
2014-06-30 94.98 2.01 52.46 6.65
2014-03-31 91.93 -0.16 51.31 6.58
2013-12-31 88.50 -1.84 50.55 6.72
2013-09-30 90.12 -0.81 49.68 6.96
2013-06-30 92.55 -0.72 50.07 7.20
2013-03-31 95.83 2.12 49.54 7.41
2012-12-31 99.99 4.02 49.83 7.52
2012-09-30 103.57 4.99 50.94 7.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TechTarget has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TechTarget used its assets more efficiently than the US Media industry average last year based on Return on Assets.
  • TechTarget has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TechTarget's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TechTarget has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TechTarget's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TechTarget's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TechTarget is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TechTarget's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TechTarget's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TechTarget Company Filings, last reported 3 months ago.

NasdaqGM:TTGT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 135.13 24.65 38.85
2018-12-31 132.59 24.96 35.17
2018-09-30 130.86 24.79 32.45
2018-06-30 128.69 27.26 34.28
2018-03-31 122.75 29.76 31.04
2017-12-31 120.75 32.23 33.62
2017-09-30 118.32 34.70 28.02
2017-06-30 119.93 35.92 32.52
2017-03-31 117.52 37.22 26.61
2016-12-31 117.56 38.44 29.47
2016-09-30 119.65 49.67 42.17
2016-06-30 123.08 49.65 42.77
2016-03-31 161.04 0.00 29.11
2015-12-31 160.00 0.00 25.43
2015-09-30 161.88 0.00 20.51
2015-06-30 163.22 0.00 21.31
2015-03-31 161.16 0.00 21.42
2014-12-31 155.85 0.00 24.76
2014-09-30 162.51 0.00 34.55
2014-06-30 163.32 0.00 37.71
2014-03-31 159.61 0.00 28.51
2013-12-31 157.06 0.00 29.81
2013-09-30 190.59 0.00 42.15
2013-06-30 189.23 0.00 32.48
2013-03-31 190.35 0.00 31.96
2012-12-31 199.31 0.00 55.02
2012-09-30 197.26 0.00 57.30
  • TechTarget's level of debt (18.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 18.2% today).
  • Debt is well covered by operating cash flow (121.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.5x coverage).
X
Financial health checks
We assess TechTarget's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TechTarget has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TechTarget dividends.
If you bought $2,000 of TechTarget shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TechTarget's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TechTarget's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:TTGT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Media Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:TTGT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TechTarget has not reported any payouts.
  • Unable to verify if TechTarget's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TechTarget's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TechTarget has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TechTarget's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TechTarget afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TechTarget has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Cotoia
COMPENSATION $1,085,066
AGE 47
TENURE AS CEO 3.2 years
CEO Bio

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 served as an Executive Vice President of TechTarget, Inc. from December 22, 2010 to January 10, 2012. Mr. Cotoia was responsible for all worldwide sales strategy and revenue at TechTarget. Prior to this, he served as a Senior Vice President of Sales at TechTarget until December 22, 2010. He joined TechTarget in 2002. Mr. Cotoia also served as Vice President and Publisher of TechTarget storage media, CIO media and channel media since 2006. Prior to joining TechTarget, Mr. Cotoia held positions at EMC Corporation and Deloitte & Touche. He has been a Director of TechTarget, Inc. since May 9, 2016. He received his Bachelors Degree from Babson College and is a Certified Public Accountant.

CEO Compensation
  • Mike's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mike's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the TechTarget management team in years:

3.3
Average Tenure
47
Average Age
  • The tenure for the TechTarget management team is about average.
Management Team

Greg Strakosch

TITLE
Co-Founder & Executive Chairman
COMPENSATION
$1M
AGE
56
TENURE
19.8 yrs

Mike Cotoia

TITLE
CEO & Director
COMPENSATION
$1M
AGE
47
TENURE
3.2 yrs

Don Hawk

TITLE
Co-Founder & Executive Director of Product Innovation
COMPENSATION
$2M
AGE
48

Dan Noreck

TITLE
CFO & Treasurer
COMPENSATION
$401K
AGE
47
TENURE
2.6 yrs

Sean Tierney

TITLE
CTO and Senior VP of Development & Technology
TENURE
3.5 yrs

Charles Rennick

TITLE
VP, General Counsel & Corporate Secretary
AGE
37

Gabrielle DeRussy

TITLE
Vice President of Sales Operations
TENURE
11.3 yrs

John Steinert

TITLE
Chief Marketing Officer
TENURE
3.2 yrs

Arden Port

TITLE
Senior Vice President of Human Resources

Mark Schlack

TITLE
Senior Vice President of Editorial
Board of Directors Tenure

Average tenure and age of the TechTarget board of directors in years:

9.6
Average Tenure
66.5
Average Age
  • The tenure for the TechTarget board of directors is about average.
Board of Directors

Greg Strakosch

TITLE
Co-Founder & Executive Chairman
COMPENSATION
$1M
AGE
56
TENURE
12.5 yrs

Mike Cotoia

TITLE
CEO & Director
COMPENSATION
$1M
AGE
47
TENURE
3.2 yrs

Roger Marino

TITLE
Director
COMPENSATION
$101K
AGE
80
TENURE
19.5 yrs

Bruce Levenson

TITLE
Lead Independent Director
COMPENSATION
$118K
AGE
69
TENURE
3.5 yrs

Leonard Forman

TITLE
Director
COMPENSATION
$123K
AGE
74
TENURE
12.6 yrs

Bob Burke

TITLE
Director
COMPENSATION
$109K
AGE
64
TENURE
6.7 yrs
Who owns this company?
Recent Insider Trading
  • TechTarget individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Jun 19 Sell Bruce Levenson Individual 13. Jun 19 14. Jun 19 -50,000 $20.17 $-1,007,900
17. May 19 Sell Bruce Levenson Individual 16. May 19 16. May 19 -50,000 $21.77 $-1,088,500
19. Mar 19 Sell Michael Cotoia Individual 15. Mar 19 15. Mar 19 -8,307 $16.21 $-134,656
25. Feb 19 Sell Bruce Levenson Individual 22. Feb 19 22. Feb 19 -3,581 $15.92 $-57,010
20. Feb 19 Sell Daniel Noreck Individual 20. Feb 19 20. Feb 19 -7,075 $15.51 $-109,733
19. Feb 19 Sell Bruce Levenson Individual 14. Feb 19 15. Feb 19 -29,319 $15.86 $-464,865
17. Sep 18 Sell Bruce Levenson Individual 13. Sep 18 14. Sep 18 -45,000 $20.89 $-914,625
14. Sep 18 Sell Kramly Llc Company 12. Sep 18 12. Sep 18 -6,300 $22.37 $-140,931
14. Sep 18 Sell Roger Marino Individual 12. Sep 18 12. Sep 18 -2,346 $22.32 $-52,363
13. Sep 18 Sell Bruce Levenson Individual 11. Sep 18 12. Sep 18 -45,000 $22.09 $-993,375
12. Sep 18 Sell Kramly Llc Company 10. Sep 18 11. Sep 18 -41,000 $22.16 $-907,260
12. Sep 18 Sell Roger Marino Individual 10. Sep 18 11. Sep 18 -13,500 $22.18 $-299,345
04. Sep 18 Sell Kramly Llc Company 30. Aug 18 31. Aug 18 -29,017 $24.31 $-704,127
04. Sep 18 Sell Roger Marino Individual 30. Aug 18 31. Aug 18 -90,729 $24.36 $-2,187,089
30. Aug 18 Sell Kramly Llc Company 28. Aug 18 29. Aug 18 -17,600 $24.45 $-430,012
30. Aug 18 Sell Roger Marino Individual 28. Aug 18 29. Aug 18 -62,400 $24.42 $-1,519,322
30. Aug 18 Sell Gregory Strakosch Individual 28. Aug 18 28. Aug 18 -31,300 $24.46 $-765,598
30. Aug 18 Sell Michael Cotoia Individual 29. Aug 18 29. Aug 18 -22,352 $24.36 $-544,495
28. Aug 18 Sell Kramly Llc Company 24. Aug 18 27. Aug 18 -22,000 $24.10 $-528,990
28. Aug 18 Sell Roger Marino Individual 24. Aug 18 27. Aug 18 -70,012 $24.08 $-1,680,794
24. Aug 18 Sell Kramly Llc Company 22. Aug 18 23. Aug 18 -15,400 $24.17 $-364,848
24. Aug 18 Sell Roger Marino Individual 22. Aug 18 23. Aug 18 -53,500 $24.16 $-1,271,210
23. Aug 18 Sell Kramly Llc Company 21. Aug 18 21. Aug 18 -26,400 $23.14 $-610,896
23. Aug 18 Sell Roger Marino Individual 21. Aug 18 21. Aug 18 -93,600 $23.12 $-2,163,156
20. Aug 18 Sell Don Hawk Individual 16. Aug 18 16. Aug 18 -12,098 $23.35 $-282,488
X
Management checks
We assess TechTarget's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TechTarget has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Despite Its High P/E Ratio, Is TechTarget, Inc. (NASDAQ:TTGT) Still Undervalued?

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for TechTarget: P/E of 42.04 = $21.39 ÷ $0.51 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … Earnings growth means that in the future the 'E' will be higher. … Since TechTarget holds net cash of US$14m, it can spend on growth, justifying a higher P/E ratio than otherwise.

Simply Wall St -

Do Insiders Own Lots Of Shares In TechTarget, Inc. (NASDAQ:TTGT)?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' With a market capitalization of US$586m, TechTarget is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for TechTarget NasdaqGM:TTGT Ownership Summary, June 29th 2019 What Does The Institutional Ownership Tell Us About TechTarget? … Insider Ownership Of TechTarget While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Does TechTarget, Inc. (NASDAQ:TTGT) Have A Particularly Volatile Share Price?

(NASDAQ:TTGT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … The fact that this is well below 1 indicates that its share price movements haven't historically been very sensitive to overall market volatility. … Share price volatility is well worth considering, but most long term investors consider the history of revenue and earnings growth to be more important.

Simply Wall St -

Have Insiders Been Selling TechTarget, Inc. (NASDAQ:TTGT) Shares This Year?

NasdaqGM:TTGT Recent Insider Trading, June 10th 2019 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. … TechTarget Insiders Are Selling The Stock The last three months saw significant insider selling at TechTarget. … Insiders sold TechTarget shares recently, but they didn't buy any.

Simply Wall St -

Does TechTarget, Inc.'s (NASDAQ:TTGT) CEO Salary Compare Well With Others?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Check out our latest analysis for TechTarget How Does Mike Cotoia's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Mike Cotoia takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders.

Simply Wall St -

Are TechTarget, Inc.'s (NASDAQ:TTGT) Interest Costs Too High?

TTGT’s Debt (And Cash Flows) TTGT's debt levels surged from US$30m to US$56m over the last 12 months , which includes long-term debt. … On top of this, TTGT has generated US$30m in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 53%, meaning that TTGT’s current level of operating cash is high enough to cover debt. … Next Steps: TTGT’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

TechTarget, Inc. (NASDAQ:TTGT): Commentary On Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … (NASDAQ:TTGT) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

Is TechTarget, Inc. (NASDAQ:TTGT) Better Than Average At Deploying Capital?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Is TechTarget, Inc.'s (NASDAQ:TTGT) 9.8% ROE Strong Compared To Its Industry?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.098 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Despite Its High P/E Ratio, Is TechTarget, Inc. (NASDAQ:TTGT) Still Undervalued?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll show how you can use TechTarget, Inc.'s (NASDAQ:TTGT) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

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.

Details
Name: TechTarget, Inc.
TTGT
Exchange: NasdaqGM
Founded: 1999
$589,171,739
27,595,866
Website: http://www.techtarget.com
Address: TechTarget, Inc.
275 Grove Street,
Newton,
Massachusetts, 02466,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM TTGT Common Stock Nasdaq Global Market US USD 17. May 2007
DB EFT Common Stock Deutsche Boerse AG DE EUR 17. May 2007
Number of employees
Current staff
Staff numbers
647
TechTarget employees.
Industry
Advertising
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 00:11
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/06/20
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.