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TechTarget Inc Stock Research

TTGT

50.46USD+1.45(+2.96%)Market Closed

Market Summary

USD50.46+1.45
Market Closed
2.96%

TTGT Stock Price

TTGT RSI Chart

TTGT Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

80.72

Price/Sales (Trailing)

4.94

EV/EBITDA

49.9

Price/Free Cashflow

18.33

TTGT Price/Sales (Trailing)

TTGT Profitability

EBT Margin

12.17%

Return on Equity

8.03%

Return on Assets

2.37%

Free Cashflow Yield

5.46%

TTGT Fundamentals

TTGT Revenue

Revenue (TTM)

301.4M

Revenue Y/Y

10.98%

Revenue Q/Q

-1.86%

TTGT Earnings

Earnings (TTM)

18.5M

Earnings Y/Y

48.65%

Earnings Q/Q

19.54%

Price Action

52 Week Range

41.7991.95
(Low)(High)

Last 7 days

2.8%

Last 30 days

18.2%

Last 90 days

-23.8%

Trailing 12 Months

-33.3%

TTGT Financial Health

Current Ratio

7.53

TTGT Investor Care

Shares Dilution (1Y)

3.68%

Diluted EPS (TTM)

0.54

Peers (Alternatives to TechTarget)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
62.3B
53.8B
18.68% -29.70%
10.57
1.16
4.88% 29.72%
23.1B
9.0B
3.32% 1.62%
19.76
2.56
4.60% 266.98%
14.8B
14.3B
5.77% 18.62%
11.36
1.04
0.61% -6.25%
14.0B
10.9B
8.72% 8.11%
14
1.29
10.30% 40.29%
MID-CAP
7.6B
17.1B
6.67% -52.43%
3.92
0.45
-5.05% -25.84%
6.6B
5.0B
-5.92% -2.26%
6.42
1.33
4.00% 10.37%
SMALL-CAP
2.0B
2.1B
19.45% -4.78%
28.66
0.93
-6.91% -35.98%
1.5B
301.4M
18.20% -33.33%
80.72
4.94
29.74% -8.73%
1.1B
3.7B
27.05% -60.76%
-4.93
0.31
11.62% 12.88%
738.0M
2.5B
77.23% -34.91%
-5.57
0.29
23.28% 75.21%
266.5M
273.4M
11.93% 40.21%
2.68
0.97
134.48% 195.03%
235.6M
306.1M
47.12% -88.02%
-2.38
0.77
25.37% 19.99%
116.9M
374.7M
15.45% -54.80%
-1.83
0.31
3.95% 3.49%
40.0M
256.6M
8.90% 19.89%
-28.86
0.16
0.62% -122.10%
14.4M
38.3M
13.78% -50.75%
6.98
0.38
112.29% 53.70%

Financials for TechTarget

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue2.6%301294279263232
Gross Profit2.5%223217205192170
Operating Expenses-3.4%163168163158142
  S&GA Expenses0.6%102101989685
  R&D Expenses0.0%1212121210
EBITDA114.2%23114-4.66-
EBITDA Margin108.7%0.07*0.04*0.01*-0.02*-
Earnings Before Taxes44.7%3725191128
EBT Margin41.0%0.12*0.09*0.07*0.04*-
Interest Expenses0.4%-23.55-23.64-23.14-23.27-1.31
Net Income35.7%18146120
Net Income Margin32.3%0.06*0.05*0.02*0.00*-
Free Cahsflow-1.7%81838069-
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.5%779800799789509
  Current Assets-2.3%450460452438159
    Cash Equivalents-2.6%36437437536299
  Net PPE4.4%2221201917
  Goodwill-1.5%190193196197197
Liabilities-2.1%550561558566301
  Current Liabilities-15.1%6070657063
Shareholder's Equity-3.6%230238241223209
  Retained Earnings25.4%7358463955
  Additional Paid-In Capital2.7%418407398383354
Accumulated Depreciation-37----
Shares Outstanding0.0%3030303028
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-0.8%9696948276
  Share Based Compensation-8.1%4145423933
Cashflow From Investing49.1%-29.46-57.84-57.46-56.98-204.28
Cashflow From Financing-12.1%201229246254170
  Buy Backs158.6%602310-
* denotes actual numbers (not divided by Millions)

Risks for TTGT

What is the probability of a big loss on TTGT?

83.8%


Probability that TechTarget stock will be more than 20% underwater in next one year

79.2%


Probability that TechTarget stock will be more than 30% underwater in next one year.

36.9%


Probability that TechTarget stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TTGT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if TechTarget was unfortunately bought at previous high price.

Drawdowns

Returns for TTGT

Cumulative Returns on TTGT

26.0%


10-Year Cumulative Returns

30.2%


7-Year Cumulative Returns

26.6%


5-Year Cumulative Returns

22.7%


3-Year Cumulative Returns

What are the long-term rolling returns for TTGT?

FIve years rolling returns for TechTarget.

Annualized Returns

Which funds bought or sold TTGT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-01-26
Yorktown Management & Research Co Inc
unchanged
-
-309,176
898,824
1.10%
2023-01-26
Inspire Investing, LLC
added
56.11
32,985
235,985
0.03%
2023-01-26
OREGON PUBLIC EMPLOYEES RETIREMENT FUND
reduced
-0.17
-136,812
396,188
-%
2023-01-26
State of Tennessee, Treasury Department
added
4.8
-37,000
622,000
-%
2023-01-26
COMERICA BANK
reduced
-22.64
-557,000
762,000
0.01%
2023-01-25
FIFTH THIRD BANCORP
added
377.14
5,358
7,358
-%
2023-01-25
Sageworth Trust Co
unchanged
-
-1,000
1,000
-%
2023-01-25
Lindbrook Capital, LLC
reduced
-56
-20,822
10,178
-%
2023-01-24
Ziegler Capital Management, LLC
sold off
-100
-6,063,000
-
-%
2023-01-24
Louisiana State Employees Retirement System
reduced
-1.54
-206,000
564,000
0.01%

1–10 of 47

Latest Funds Activity

Are funds buying TTGT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own TTGT
No. of Funds

TechTarget News

Defense World

Patricia R. Kellerhals Sells 884 Shares of Commerce Bancshares ....

Defense World,
47 hours ago

Defense World

Marketscreener.com

GuruFocus.com

Armenian Reporter

Schedule 13G FIlings of TechTarget

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jan 23, 2023
blackrock inc.
14.6%
4,293,287
SC 13G/A
Feb 14, 2022
neuberger berman group llc
6.24%
1,797,967
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 07, 2022
roger m. marino 2010 revocable trust
4.1%
1,174,222
SC 13G/A
Jan 28, 2022
blackrock inc.
13.5%
3,904,005
SC 13G/A
Mar 10, 2021
fmr llc
-
0
SC 13G
Feb 12, 2021
neuberger berman group llc
6.39%
1,796,503
SC 13G
Feb 10, 2021
vanguard group inc
7.10%
1,994,779
SC 13G/A
Jan 26, 2021
blackrock inc.
13.4%
3,776,843
SC 13G/A
Jan 15, 2021
roger m. marino 2010 revocable trust
5.3%
1,496,202
SC 13G/A

TTGT Fair Value

Recent SEC filings of TechTarget

View All Filings
Date Filed Form Type Document
Jan 25, 2023
4
Insider Trading
Jan 23, 2023
SC 13G/A
Major Ownership Report
Jan 13, 2023
4
Insider Trading
Jan 13, 2023
4
Insider Trading
Jan 04, 2023
4
Insider Trading
Jan 04, 2023
4
Insider Trading
Jan 04, 2023
3
Insider Trading
Jan 04, 2023
3
Insider Trading
Dec 22, 2022
8-K
Current Report
Dec 20, 2022
4
Insider Trading

Latest Insider Trading transactions for TTGT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-23
Kitchens Rebecca
sold
-36,847.5
49.13
-750
president
2023-01-11
Kitchens Rebecca
acquired
-
-
1,000
president
2023-01-11
Kitchens Rebecca
sold (taxes)
-22,852.1
45.98
-497
president
2023-01-11
Sanchez Perfecto
acquired
-
-
1,400
-
2022-12-16
Van Houten Christina
acquired
42,042
43.12
975
-
2022-12-16
Levenson Bruce
acquired
46,526.5
43.12
1,079
-
2022-12-16
MARINO ROGER M
acquired
42,042
43.12
975
-
2022-12-16
BURKE ROBERT D
acquired
53,037.6
43.12
1,230
-
2022-12-16
Sanchez Perfecto
acquired
34,021.7
43.12
789
-
2022-12-12
MARINO ROGER M
acquired
293,650
19.5767
15,000
-

1–10 of 50

Michael Cotoia
1000
TechTarget, Inc., together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business 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, brand advertising techniques, and content curation and creation. 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; custom content creation services; and BrightTALK platform that allows customers to create, host and promote webinars, virtual events, and video content. It also operates an integrated content platform that consists of a network of approximately 150 websites, and 1,080 webinars and virtual event channels that focus on a specific IT sector, such as storage, security, or networking. In addition, the company enables registered members to conduct their pre-purchase research by accessing vendor supplied content through its virtual event and webinar channels, and website networks. TechTarget, Inc. was incorporated in 1999 and is headquartered in Newton, Massachusetts.

TTGT Income Statement

2022-09-30
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenue$ 77,412$ 69,751$ 224,453$ 186,431
Cost of revenue[1]19,11816,80556,71549,087
Amortization of acquired technology6547662,0972,307
Gross profit57,64052,180165,641135,037
Operating expenses:    
Selling and marketing[1]25,98225,40375,03569,108
Product development[1]2,7912,7908,9908,247
General and administrative[1]8,52013,43224,05126,075
Depreciation, excluding depreciation of $704, $503, $1,980 and $1330, respectively, included in cost of revenue1,8471,4545,2794,063
Amortization1201,9694,1095,257
Total operating expenses39,26045,048117,464112,750
Operating income18,3807,13248,17722,287
Interest and other income (expense), net(109)(199)(1,653)(1,381)
Income before provision for income taxes18,2716,93346,52420,906
(Benefit) Provision for income taxes3,430(3,051)12,1043,992
Net income14,8419,98434,42016,914
Other comprehensive income (loss), net of tax:    
Unrealized loss on investments (net of tax provision effect of $(7), $0, $(66) and $0, respectively)(24) (231) 
Foreign currency translation loss(6,456)(3,330)(16,188)(1,721)
Other comprehensive loss(6,480)(3,330)(16,419)(1,721)
Comprehensive income$ 8,361$ 6,654$ 18,001$ 15,193
Net income per common share:    
Basic$ 0.50$ 0.35$ 1.16$ 0.60
Diluted[2]$ 0.46$ 0.32$ 1.06$ 0.56
Weighted average common shares outstanding:    
Basic29,637,00028,473,00029,640,00028,255,000
Diluted weighted average shares33,933,69632,266,76834,226,06632,170,263
[1]Amounts include stock-based compensation expense as follows:
[2]In calculating diluted net income per share, 116 thousand shares and 106 thousand shares related to outstanding stock options and unvested, undelivered restricted stock units were excluded for the three and nine months ended September 30, 2022, respectively; 20 thousand shares and 8 thousand shares related to outstanding stock options and unvested, undelivered restricted stock units were excluded for the three and nine months ended September 30, 2021, respectively. Additionally, in calculating diluted net income per share, we excluded the impact of interest expense and amortization of note costs relating to our convertible shares from net income and included the weighted average shares 3.9 million common shares under the if-converted method for the three and nine months ended September 30, 2022 and 2.9 million common shares for the three and nine months ended September 30, 2021, respectively. For the three months and nine months ended September 30, 2022, the interest expense including amortization of note issuance costs, related to convertible notes was $0.6 million and $1.9 million, respectively and $0.4 million and $1.2 million for the three and nine months ended September 30, 2021, respectively.

TTGT Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash$ 364,269$ 361,623
Short-term investments19,99120,076
Accounts receivable, net of allowance for doubtful accounts of $4,233 and $2,514 respectively60,72051,095
Prepaid taxes051
Prepaid expenses and other current assets4,8775,266
Total current assets449,857438,111
Property and equipment, net21,83318,720
Goodwill189,887197,073
Intangible assets, net93,843110,390
Operating lease assets with right-of-use21,10423,339
Deferred tax assets2,272474
Other assets639893
Total assets779,435789,000
Current liabilities:  
Accounts payable7,2073,783
Current operating lease liability3,7754,073
Accrued expenses and other current liabilities12,37516,638
Accrued compensation expenses2,41214,540
Income taxes payable2,621474
Contract liabilities31,33030,492
Total current liabilities59,72070,000
Non-current operating lease liability21,25724,021
Convertible senior notes455,068453,194
Other liabilities02,779
Deferred tax liabilities13,55216,249
Total liabilities549,597566,243
Leases and contingencies (see Note 9)
Stockholders’ equity:  
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding00
Common stock, $0.001 par value; 100,000,000 shares authorized; 57,740,251 and 57,144,740 shares issued, respectively 29,520,589 and 29,633,898 shares outstanding respectively5757
Treasury stock, at cost; 28,219,662 and 27,510,842 shares, respectively(245,025)(199,796)
Additional paid-in capital417,745383,436
Accumulated other comprehensive income (loss)(16,121)298
Retained earnings73,18238,762
Total stockholders’ equity229,838222,757
Total liabilities and stockholders’ equity$ 779,435$ 789,000