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TechTarget, Inc. (TTGT)
NASDAQ:TTGT
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TechTarget, Inc.
(NASDAQ:TTGT)
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Rating:57Neutral
Price Target:―
TechTarget's overall stock score reflects the combination of financial challenges and strategic opportunities. While declining profitability and a negative P/E ratio weigh on the score, the merger with Informa Tech and a cautiously optimistic outlook from the earnings call provide potential for future growth. Technical indicators suggest moderate strength, supporting a balanced view of the company's prospects.
Positive Factors
Strategic Merger
The merger with Informa Tech is a strategic move to enhance market reach and accelerate revenue growth, positioning TechTarget as a leading B2B growth accelerator in the technology sector.
Product Innovation
TechTarget's focus on product innovation and successful adoption by customers strengthens its competitive position and supports long-term growth in the technology media sector.
Strong Financial Position
A robust financial position allows TechTarget to make strategic investments even during downturns, reinforcing its market leadership and positioning it for future growth.
Negative Factors
Declining Revenue
Significant revenue decline indicates challenges in market dynamics, potentially impacting long-term growth unless addressed through strategic initiatives.
Decreasing Profitability
Falling profitability margins highlight operational inefficiencies and could strain financial resources, affecting long-term sustainability if not corrected.
Free Cash Flow Decline
A decline in free cash flow suggests potential liquidity issues, limiting the company's ability to invest in growth opportunities and manage financial obligations effectively.
TechTarget, Inc. (TTGT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$387.49M
Dividend YieldN/A
Average Volume (3M)302.43K
Price to Earnings (P/E)―
Beta (1Y)1.69
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2,100
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-1.07
Shares Outstanding72,157,906
10 Day Avg. Volume293,558
30 Day Avg. Volume302,434
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.36
Price to Sales (P/S)2.01
P/FCF Ratio-7.99
Enterprise Value/Market Cap1.24
Enterprise Value/Revenue1.46
Enterprise Value/Gross Profit1.75
Enterprise Value/Ebitda-0.49
Forecast
1Y Price Target
$12.50Price Target Upside131.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TechTarget, Inc. Business Overview & Revenue Model
Company DescriptionTechTarget, 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.
How the Company Makes MoneyTechTarget generates revenue primarily through its suite of marketing solutions designed for technology vendors. The company's revenue streams include lead generation services, where it provides clients with potential customer leads derived from its online properties. Additionally, TechTarget offers brand advertising services, which allow technology companies to promote their products through targeted advertisements on its network of websites. Another significant revenue source is the sales enablement solutions, which help vendors streamline their sales processes and enhance their engagement with potential buyers. TechTarget also benefits from strategic partnerships with technology vendors and industry associations, which enhance its market reach and contribute to its earnings. These partnerships often involve co-marketing initiatives and content syndication arrangements that expand TechTarget's audience and value proposition in the technology sector.
TechTarget, Inc. Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue by business segments, showing which areas drive growth and profitability, and indicating where the company is focusing its strategic efforts.
Breaks down revenue by business segments, showing which areas drive growth and profitability, and indicating where the company is focusing its strategic efforts.
Data provided by:
The Fly
The FlyTechTarget, Inc. Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jun 09, 2026
Earnings Call Sentiment Positive
The earnings call highlighted a positive momentum with revenue and adjusted EBITDA growth. There were notable achievements such as the launch of the Informa TechTarget portal and receiving a prestigious award. Challenges included a significant non-cash impairment and temporary impacts from the AI investment cycle.Q3-2025 Updates
Positive Updates
Positive Year-on-Year Revenue Growth in Q3
Third-quarter revenues were $122 million compared to $121 million in the prior year, marking a growth of around 1% year-on-year and a sequential growth of 2% on Q2.
Adjusted EBITDA Growth
Adjusted EBITDA grew by 9% year-on-year in Q3, resulting in healthy margin expansion.
Launch of Informa TechTarget Portal
The portal provides clients with unified access to intelligence, intent, and demand, increasing intent data signals by over 40% and improving ROI reporting.
Demand Based Technology Partner of the Year Award
Informa TechTarget received the Demand Based Technology Partner of the Year Award in October.
Editorial Excellence
The editorial teams won 47 awards for their original, authoritative, and impartial B2B journalism.
Growth in Active Audience Membership
Active audience membership grew modestly, with a two to three times higher membership conversion rate from AI-driven sources compared to traditional search.
Negative Updates
Net Loss Due to Non-Cash Impairment
The company posted a net loss of $77 million, largely due to an $80 million non-cash impairment from a reduction in market capitalization.
Challenges in AI Investment Cycle
Clients are engaged in a strategic AI investment cycle, redirecting resources towards R&D, temporarily impacting marketing budgets.
Company Guidance
In the third quarter of 2025, Informa TechTarget demonstrated positive financial performance and strategic progress, as highlighted in their earnings call. The company achieved a year-on-year revenue growth of 1% to $122 million, indicating sequential growth of 2% from Q2, and reported an adjusted EBITDA growth of 9% year-on-year, despite a net loss of $77 million due to an $80 million non-cash impairment. The company reaffirmed their full-year guidance with expectations of flat revenues compared to the previous year and an increase in adjusted EBITDA to over $85 million. Informa TechTarget's strategic focus areas include a revamped go-to-market strategy, product innovation, operational efficiency, and audience engagement diversification, leveraging AI to enhance product offerings. Additionally, they noted an increase in bookings, longer-term contracts, and higher average deal sizes, underscoring their successful go-to-market strategy. The company continues to capitalize on the $20 billion addressable market, with a current penetration of only 2.5% market share, positioning themselves for consistent, profitable growth into 2026.TechTarget, Inc. Financial Statement Overview
Summary
TechTarget, Inc. is facing significant financial challenges with declining revenues and substantial losses impacting profitability. The balance sheet shows manageable leverage, but the negative return on equity highlights profitability issues. Cash flow remains a concern, with negative operating and free cash flows, although there is some improvement in free cash flow growth.Income Statement
TechTarget, Inc. has experienced significant revenue decline in the TTM period with a negative revenue growth rate of -15.03%. The company is facing substantial losses, as indicated by the negative net profit margin of -258.71% and EBIT margin of -255.51%. Gross profit margin remains relatively stable at 61.58%, but overall profitability is severely impacted by high operating losses.45
Neutral
Balance Sheet
The balance sheet shows a moderate debt-to-equity ratio of 0.21 in the TTM period, indicating manageable leverage. However, the return on equity is significantly negative at -116.19%, reflecting poor profitability. The equity ratio is not explicitly provided, but the company's equity position appears to be stable relative to its assets.60
Neutral
Cash Flow
TechTarget, Inc. has negative operating cash flow and free cash flow in the TTM period, with a slight improvement in free cash flow growth at 26.23%. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is 76.76%, suggesting some ability to generate cash relative to net losses.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 328.90M | 284.90M | 252.10M | 197.09M | 263.43M | 148.38M |
| Gross Profit | 273.68M | 177.64M | 153.28M | 124.79M | 192.22M | 111.03M |
| EBITDA | -976.15M | -61.43M | 343.00K | 11.78M | 54.80M | 29.76M |
| Net Income | -1.05B | -116.86M | -57.78M | -4.29M | 949.00K | 17.07M |
Balance Sheet | ||||||
| Total Assets | 987.42M | 2.27B | 699.89M | 764.72M | 789.00M | 456.57M |
| Cash, Cash Equivalents and Short-Term Investments | 46.30M | 353.69M | 326.27M | 364.73M | 381.70M | 82.70M |
| Total Debt | 136.38M | 435.98M | 431.16M | 480.16M | 481.29M | 184.44M |
| Total Liabilities | 389.49M | 694.63M | 476.96M | 547.24M | 566.24M | 254.06M |
| Stockholders Equity | 597.93M | 1.57B | 222.93M | 217.47M | 222.76M | 202.51M |
Cash Flow | ||||||
| Free Cash Flow | -34.91M | -71.61M | 57.85M | 24.70M | 34.55M | 45.79M |
| Operating Cash Flow | -24.62M | -64.85M | 72.49M | 28.06M | 35.21M | 52.45M |
| Investing Cash Flow | -11.84M | -79.36M | -93.02M | -354.70M | -57.46M | -175.75M |
| Financing Cash Flow | 60.96M | 409.63M | -98.14M | 330.31M | 23.21M | 153.37M |
TechTarget, Inc. Technical Analysis
Neutral
5.40
Price Trends
5.28
Positive
5.52
Negative
6.40
Negative
Market Momentum
0.03
Negative
51.34
Neutral
49.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTGT, the sentiment is Neutral. The current price of 5.4 is above the 20-day moving average (MA) of 5.36, above the 50-day MA of 5.28, and below the 200-day MA of 6.40, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 51.34 is Neutral, neither overbought nor oversold. The STOCH value of 49.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TTGT.
TechTarget, Inc. Risk Analysis
TechTarget, Inc. disclosed 44 risk factors in its most recent earnings report. TechTarget, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
TechTarget, Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $710.05M | 11.95 | 10.76% | 7.14% | 13.06% | 66.19% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $799.90M | -12.02 | -14.07% | ― | 6.65% | 50.32% | |
57 Neutral | $387.49M | ― | ― | ― | ― | ― | |
50 Neutral | $67.45M | -7.49 | ― | ― | 105.31% | 95.66% | |
49 Neutral | $318.11M | 22.58 | 2.39% | ― | -23.61% | ― | |
46 Neutral | $97.69M | -0.28 | -51.54% | ― | -16.83% | -485.31% |
* Communication Services Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.