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TechTarget Inc Stock Research

TTGT

35.75USD+1.35(+3.92%)Market Closed

Market Summary

USD35.75+1.35
Market Closed
3.92%

TTGT Alerts

TTGT Stock Price

TTGT RSI Chart

TTGT Valuation

Market Cap

1.0B

Price/Earnings (Trailing)

28.27

Price/Sales (Trailing)

3.56

EV/EBITDA

11.52

Price/Free Cashflow

15.14

TTGT Price/Sales (Trailing)

TTGT Profitability

EBT Margin

19.35%

Return on Equity

19.13%

Return on Assets

5.44%

Free Cashflow Yield

6.6%

TTGT Fundamentals

TTGT Revenue

Revenue (TTM)

286.4M

Revenue Y/Y

-16.21%

Revenue Q/Q

-21.8%

TTGT Earnings

Earnings (TTM)

36.1M

Earnings Y/Y

-77.04%

Earnings Q/Q

-77.12%

Price Action

52 Week Range

28.2574.61
(Low)(High)

Last 7 days

0.2%

Last 30 days

7.2%

Last 90 days

-10.1%

Trailing 12 Months

-51.2%

TTGT Financial Health

Current Ratio

7.44

TTGT Investor Care

Buy Backs (1Y)

4.09%

Diluted EPS (TTM)

1.14

Peers (Alternatives to TechTarget)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
49.9B
54.5B
-7.73% -33.90%
9.76
0.92
4.04% -1.50%
18.5B
14.3B
4.92% 25.88%
13.48
1.29
0.35% 5.91%
14.9B
10.9B
11.57% 22.30%
16.49
1.37
3.11% -11.36%
13.9B
9.0B
-2.34% -42.64%
12.21
1.55
1.54% -19.02%
MID-CAP
5.7B
5.3B
-4.56% -2.26%
6.83
1.08
10.82% -6.18%
4.3B
16.3B
4.43% -67.35%
1.82
0.26
-7.95% -3.38%
SMALL-CAP
2.1B
2.0B
4.88% 27.65%
-94.22
1.1
-12.24% -117.07%
1.0B
286.4M
7.23% -51.23%
28.27
3.56
2.80% 472.58%
738.0M
2.5B
3.03% -14.47%
-5.57
0.29
4.38% 78.23%
464.8M
3.9B
-11.36% -73.87%
-1.06
0.12
5.00% -1391.44%
238.8M
349.7M
8.88% 10.47%
1.83
0.68
51.32% 264.12%
220.1M
294.9M
-29.94% -80.31%
-0.47
0.74
4.66% -586.22%
81.3M
374.0M
-3.40% -59.82%
-1.23
0.22
0.91% -187.29%
29.1M
266.7M
17.92% -4.58%
-398.43
0.11
5.14% 88.28%
19.8M
42.5M
6.77% 287.51%
-12.19
0.47
75.85% -211.22%

Financials for TechTarget

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-3.7%286297301294279
Gross Profit-4.8%209219223217205
Operating Expenses-0.1%162162163168163
  S&GA Expenses0.5%10110110210198.00
  R&D Expenses-4.1%12.0012.0012.0012.0012.00
EBITDA203.3%68.0023.0011.004.00-
EBITDA Margin207.3%0.23*0.07*0.04*0.01*-
Earnings Before Taxes-12.2%51.0058.0037.0025.0019.00
EBT Margin58.9%0.19*0.12*0.09*0.07*-
Interest Expenses103.7%1.00-23.55-23.64-23.14-
Net Income-13.3%36.0042.0018.0014.006.00
Net Income Margin128.5%0.14*0.06*0.05*0.02*-
Free Cahsflow-5.7%77.0081.0083.0080.00-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-2.3%747765779800799
  Current Assets-4.4%412431450460452
    Cash Equivalents-10.9%307345364374375
  Net PPE3.4%23.0023.0022.0021.0020.00
  Goodwill0.4%193192190193196
Liabilities-1.9%537547550561558
  Current Liabilities-18.1%47.0058.0060.0070.0065.00
Shareholder's Equity-3.4%210217230238241
  Retained Earnings2.0%82.0080.0073.0058.0046.00
  Additional Paid-In Capital3.2%439425418407398
Shares Outstanding-1.7%29.0029.0030.0030.0030.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-10.3%81.0091.0096.0096.0094.00
  Share Based Compensation6.0%46.0044.0041.0045.0042.00
Cashflow From Investing-174.6%-39.69-14.45-29.46-57.84-57.46
Cashflow From Financing-18.8%-110-92.96201229246
  Buy Backs31.2%10479.0045.0017.000.00

Risks for TTGT

What is the probability of a big loss on TTGT?

90.8%


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

86.2%


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

43.9%


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

23.6%


10-Year Cumulative Returns

23.2%


7-Year Cumulative Returns

6.3%


5-Year Cumulative Returns

9.3%


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
2023-05-23
ROYCE & ASSOCIATES LP
reduced
-9.03
-3,553,500
10,421,500
0.10%
2023-05-22
PUTNAM INVESTMENTS LLC
new
-
4,130,200
4,130,200
0.01%
2023-05-22
PUTNAM INVESTMENTS LLC
sold off
-100
-8,599,100
-
-%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-19.72
-9,149,640
17,615,400
0.01%
2023-05-18
JPMORGAN CHASE & CO
added
85.88
647,000
1,884,000
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-32.04
-402,000
506,000
-%
2023-05-17
Advisory Services Network, LLC
added
8,946
560,899
568,565
0.02%
2023-05-17
KB FINANCIAL PARTNERS, LLC
unchanged
-
-
4,000
-%
2023-05-17
Thrivent Financial for Lutherans
added
76.41
544,000
1,763,000
-%
2023-05-16
SUSQUEHANNA INTERNATIONAL GROUP, LLP
added
660
1,515,520
1,804,990
-%

1–10 of 40

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

Yahoo Finance
Zacks.com featured highlights Howard Hughes, Vertex, TechTarget and Pegasystems.
Yahoo Finance,
2 days ago

Schedule 13G FIlings of TechTarget

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 10, 2023
neuberger berman group llc
6.95%
2,037,976
SC 13G/A
Feb 09, 2023
vanguard group inc
6.76%
1,981,138
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
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

TTGT Fair Value

Show Fair-Value

Recent SEC filings of TechTarget

View All Filings
Date Filed Form Type Document
May 09, 2023
8-K
Current Report
May 09, 2023
10-Q
Quarterly Report
Apr 19, 2023
DEFA14A
DEFA14A
Apr 19, 2023
DEF 14A
DEF 14A
Apr 19, 2023
ARS
ARS
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
10-K
Annual Report

Latest Insider Trading transactions for TTGT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-24
Hawk Don
sold (taxes)
-13,696
37.73
-363
executive director
2023-02-24
Strakosch Greg
acquired
-
-
1,682
executive chairman
2023-02-24
Noreck Daniel T
acquired
-
-
580
chief financial officer
2023-02-24
Hawk Don
acquired
-
-
812
executive director
2023-02-24
Cotoia Michael
acquired
-
-
1,682
chief executive officer
2023-02-24
Noreck Daniel T
sold (taxes)
-10,866
37.73
-288
chief financial officer
2023-02-24
Strakosch Greg
sold (taxes)
-20,110
37.73
-533
executive chairman
2023-02-24
Cotoia Michael
sold (taxes)
-31,542
37.73
-836
chief executive officer
2023-02-21
Kitchens Rebecca
sold
-29,625
39.5
-750
president
2023-02-16
BURKE ROBERT D
acquired
17,575
7.03
2,500
-

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

2023-03-31
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]  
Revenue$ 57,114$ 68,165
Cost of revenue[1]17,35017,846
Amortization of acquired technology673745
Gross profit39,09149,574
Operating expenses:  
Selling and marketing[1]24,75624,255
Product development[1]2,6093,118
General and administrative[1]7,9187,842
Depreciation, excluding depreciation of $845 and $622, respectively, included in cost of revenue2,0001,665
Amortization1,4932,012
Total operating expenses38,77638,892
Operating income31510,682
Interest and other income (expense), net2,757(560)
Income before provision for income taxes3,07210,122
Provision for income taxes1,4272,958
Net income1,6457,164
Other comprehensive income (loss), net of tax:  
Unrealized income (loss) on investments (net of tax provision effect of $18 and $(20), respectively)63(69)
Foreign currency translation gain (loss)2,029(2,695)
Other comprehensive income (loss)2,092(2,764)
Comprehensive income$ 3,737$ 4,400
Net income per common share:  
Basic$ 0.06$ 0.24
Diluted[2]$ 0.06$ 0.23
Weighted average common shares outstanding:  
Basic28,757,00029,708,000
Diluted weighted average shares28,953,10634,414,257
[1]Amounts include stock-based compensation expense as follows:
[2]In calculating diluted net income per share, 1.3 million shares and 78 thousand shares related to outstanding stock options and unvested, undelivered restricted stock units were excluded for the three months ended March 31, 2023 and 2022, respectively. Additionally, for the three months ended March 31, 2023, the interest expense and amortization of note costs relating to the shares issuable upon conversion of our outstanding convertible notes were excluded from the calculation as they would have been anti-dilutive. For the three months ended March 31, 2022, in calculating diluted net income per share, we excluded the impact of interest expense and amortization of note costs relating to the shares issuable upon conversion of our outstanding convertible notes from net income and included the weighted average shares under the if-converted method. For each of the three months ended March 31, 2023, and 2022 interest expense including amortization of note issuance costs, related to convertible notes was $0.6 million. For each of the three months ended March 31, 2023, and 2022 the weighted average shares under the if-converted method for our convertible bond was 3.9 million shares.

TTGT Balance Sheet

2023-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 307,089$ 344,523
Short-term investments45,59020,210
Accounts receivable, net of allowance for doubtful accounts of $4,778 and $4,494 respectively51,37560,359
Prepaid expenses and other current assets7,7875,745
Total current assets411,841430,837
Property and equipment, net23,27122,507
Goodwill193,009192,227
Intangible assets, net94,38695,517
Operating lease assets with right-of-use19,51020,039
Deferred tax assets4,1362,945
Other assets649645
Total assets746,802764,717
Current liabilities:  
Accounts payable3,0523,298
Current operating lease liabilities3,8964,099
Accrued expenses and other current liabilities6,58010,935
Accrued compensation expenses1,5504,643
Income taxes payable9,9747,827
Contract liabilities22,35027,086
Total current liabilities47,40257,888
Non-current operating lease liabilities19,60920,371
Convertible senior notes456,321455,694
Deferred tax liabilities13,44813,290
Total liabilities536,780547,243
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, $0.001 par value; 100,000,000 shares authorized; 58,014,065 and 57,919,501 shares issued, respectively 28,535,450 and 29,023,093 shares outstanding respectively5858
Treasury stock, at cost; 29,478,615 and 28,896,408 shares, respectively(303,876)(278,876)
Additional paid-in capital439,269425,458
Accumulated other comprehensive loss(7,445)(9,537)
Retained earnings82,01680,371
Total stockholders’ equity210,022217,474
Total liabilities and stockholders’ equity$ 746,802$ 764,717