Tearsheet

TechTarget (TTGT)


Market Price (1/22/2026): $5.64 | Market Cap: $404.7 Mil
Sector: Information Technology | Industry: IT Consulting & Other Services

TechTarget (TTGT)


Market Price (1/22/2026): $5.64
Market Cap: $404.7 Mil
Sector: Information Technology
Industry: IT Consulting & Other Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 82%
Weak multi-year price returns
2Y Excs Rtn is -124%, 3Y Excs Rtn is -151%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -41 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -9.2%
1 Megatrend and thematic drivers
Megatrends include Digital Advertising, Artificial Intelligence, and Cloud Computing. Themes include Ad-Tech Platforms, Show more.
  Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.7%
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -276%
3   Key risks
TTGT key risks include [1] regulatory compliance failures that prompted a securities fraud investigation and a major asset impairment, Show more.
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 82%
1 Megatrend and thematic drivers
Megatrends include Digital Advertising, Artificial Intelligence, and Cloud Computing. Themes include Ad-Tech Platforms, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -124%, 3Y Excs Rtn is -151%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -41 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -9.2%
4 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.7%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -276%
6 Key risks
TTGT key risks include [1] regulatory compliance failures that prompted a securities fraud investigation and a major asset impairment, Show more.

Valuation, Metrics & Events

TTGT Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

TechTarget (TTGT) stock has lost about 10% since 9/30/2025 because of the following key factors:

1. Significant Net Loss and Impairment in Q3 2025.

TechTarget reported a substantial net loss of $76.8 million in its third quarter 2025 financial results, announced on November 10, 2025. This loss included an $80.3 million non-cash impairment, which reflected a reduction in the company's market capitalization relative to its book value during the quarter. While revenues showed some year-on-year and sequential growth, this significant net loss likely contributed to negative investor sentiment and pressure on the stock.

2. Macroeconomic Headwinds and Decreased IT Spending.

The company faced ongoing challenges stemming from broader economic factors, particularly the impact of higher interest rates. These conditions contributed to a decline in spending by technology vendors on sales and marketing tools, which negatively affected TechTarget's pro-forma revenue, resulting in a 5.8% year-over-year decrease.

Show more

Stock Movement Drivers

Fundamental Drivers

The -2.9% change in TTGT stock from 10/31/2025 to 1/21/2026 was primarily driven by a -36.6% change in the company's Total Revenues ($ Mil).
103120251212026Change
Stock Price ($)5.495.33-2.9%
Change Contribution ByLTMLTM 
Total Revenues ($ Mil)387245-36.6%
P/S Multiple1.01.653.1%
Shares Outstanding (Mil)71710.0%
Cumulative Contribution-2.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 1/21/2026
ReturnCorrelation
TTGT-2.9% 
Market (SPY)0.5%40.4%
Sector (XLK)-4.3%36.6%

Fundamental Drivers

The -26.4% change in TTGT stock from 7/31/2025 to 1/21/2026 was primarily driven by a -25.7% change in the company's Total Revenues ($ Mil).
73120251212026Change
Stock Price ($)7.245.33-26.4%
Change Contribution ByLTMLTM 
Total Revenues ($ Mil)330245-25.7%
P/S Multiple1.61.6-1.0%
Shares Outstanding (Mil)71710.0%
Cumulative Contribution-26.4%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 1/21/2026
ReturnCorrelation
TTGT-26.4% 
Market (SPY)8.7%39.3%
Sector (XLK)9.6%31.4%

Fundamental Drivers

The -68.7% change in TTGT stock from 1/31/2025 to 1/21/2026 was primarily driven by a -71.6% change in the company's Shares Outstanding (Mil).
13120251212026Change
Stock Price ($)17.035.33-68.7%
Change Contribution ByLTMLTM 
Total Revenues ($ Mil)2392452.8%
P/S Multiple3.01.6-47.8%
Shares Outstanding (Mil)4271-71.6%
Cumulative Contribution-84.7%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 1/21/2026
ReturnCorrelation
TTGT-68.7% 
Market (SPY)14.9%43.3%
Sector (XLK)25.2%39.2%

Fundamental Drivers

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Market Drivers

1/31/2023 to 1/21/2026
ReturnCorrelation
TTGT  
Market (SPY)74.9%39.5%
Sector (XLK)115.9%34.7%

Return vs. Risk


Price Returns Compared

 202120222023202420252026Total [1]
Returns
TTGT Return----22%-73%-1%-79%
Peers Return7%-17%29%-24%-43%0%-50%
S&P 500 Return27%-19%24%23%16%-1%81%

Monthly Win Rates [3]
TTGT Win Rate---0%25%0% 
Peers Win Rate54%38%67%46%38%50% 
S&P 500 Win Rate75%42%67%75%67%0% 

Max Drawdowns [4]
TTGT Max Drawdown----27%-76%-6% 
Peers Max Drawdown-13%-28%-7%-31%-47%-3% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GIB, XRX, BAO, GBH, JAJI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/21/2026 (YTD)

How Low Can It Go

TTGT has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

Unique KeyEventXLKS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-34.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven51.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven278 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-31.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven46.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven79 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven31.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven105 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-53.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven115.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,183 days1,480 days

Compare to GIB, XRX, BAO, GBH, JAJI

In The Past

SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About TechTarget (TTGT)

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.

AI Analysis | Feedback

TechTarget is like a B2B version of Amazon's recommendation engine, identifying companies actively researching enterprise technology and connecting them with relevant vendors.

TechTarget is like Ziff Davis (publisher of PCMag) for enterprise IT, using its content network to identify active IT buyers and connect them with tech vendors.

AI Analysis | Feedback

  • Priority Engine™: An intent data platform that provides sales and marketing teams with intelligence on active tech buyers and accounts.
  • Custom Content Services: Creation of targeted content assets (e.g., whitepapers, webinars) designed to engage specific technology buyer audiences.
  • Media and Advertising Solutions: Digital advertising opportunities across their network of tech-specific websites to reach professional IT and business audiences.
  • Lead Generation Programs: Demand generation services that deliver qualified leads to technology vendors based on identified buyer intent.
  • Brand and Thought Leadership Programs: Services designed to build brand awareness and establish market authority for technology companies among key decision-makers.

AI Analysis | Feedback

TechTarget (symbol: TTGT) primarily sells its services to other companies, specifically technology vendors. It provides these companies with marketing and sales intelligence solutions, including intent data, content marketing, lead generation, and brand awareness programs to reach IT professionals and decision-makers.

While TechTarget typically serves a broad base of technology companies and does not usually disclose specific "major" customers that constitute a significant portion of its revenue, its customer base includes a wide array of leading enterprise technology providers that utilize its platforms to reach potential buyers. Examples of the types of prominent companies that are customers of TechTarget's services include:

  • Microsoft (MSFT)
  • IBM (IBM)
  • Oracle (ORCL)
  • Salesforce (CRM)
  • Cisco Systems (CSCO)
  • Dell Technologies (DELL)
  • Hewlett Packard Enterprise (HPE)

AI Analysis | Feedback

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AI Analysis | Feedback

Gary Nugent, Chief Executive Officer
Gary Nugent became the Chief Executive Officer of Informa TechTarget in December 2024. He previously served as the CEO of the Informa Tech division of Informa from January 2019 to December 2024. Nugent brings over 25 years of general management, sales, and marketing experience within the Information and Communication Technology (ICT) sector, having lived and worked in multiple international locations. His prior experience includes serving as Head of the Managed Services Business and Head of Marketing at Alcatel-Lucent. He joined Informa in 2014 as Commercial Director for the Business Intelligence division.

Daniel T. Noreck, Chief Financial Officer and Treasurer
Daniel T. Noreck serves as the Chief Financial Officer and Treasurer at Informa TechTarget. Prior to this, he held the same roles at TechTarget from December 2016 to December 2024. Before joining TechTarget, Noreck was the CFO and Treasurer of Providence and Worcester Railroad Company, Inc. (NYSE: PWX), a publicly traded regional railroad, from September 2010 to December 2016. He also has 16 years of experience as a public accountant. Additionally, he has served as a director and chair of the audit committee of Capital Properties, Inc., a publicly traded property leasing company, since April 2021.

Steve Niemiec, Chief Revenue Officer
Steve Niemiec is the Chief Revenue Officer at Informa TechTarget. He previously held the positions of Chief Operating Officer and Chief Revenue Officer at TechTarget since January 2023, overseeing the company's Sales, Customer Success, and Sales Operations groups. Niemiec started his career with TechTarget in 2003 as an Account Manager and progressed through various senior leadership roles, including Senior Vice President of Global Sales. His expertise lies in global sales strategies and account management.

Sean Tierney, Chief Technology Officer
Sean Tierney serves as the Chief Technology Officer, responsible for overseeing the company's technology strategy and the integration of innovative solutions. He became CTO in 2016, following more than 16 years as Senior Vice President of Product Development and Technology at TechTarget.

John Steinert, Chief Marketing Officer
John Steinert is the Chief Marketing Officer, responsible for driving the company's marketing strategy and demand generation efforts. He has a professional background that includes significant roles at Mercer, Pitney Bowes, and SAP, where he developed expertise in demand generation and CRM strategy.

AI Analysis | Feedback

The public company TechTarget (TTGT) faces several key risks to its business, primarily stemming from recent operational and market challenges.

1. Regulatory and Legal Risks

TechTarget has recently faced significant regulatory scrutiny and legal challenges. The company received a deficiency notification from Nasdaq for failing to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. This delay was attributed to the technical complexities of auditing financial statements following its combination with Informa Tech's digital businesses. This event led to a substantial drop in TTGT's stock price, with a 12.75% decline on April 21, 2025. Furthermore, Pomerantz LLP initiated an investigation into potential securities fraud or other unlawful business practices related to these disclosures. Although TechTarget subsequently regained compliance with Nasdaq by filing its 10-K and later its Form 10-Q for the first quarter of 2025, the investigation and the initial compliance lapse represent a significant risk to the company's reputation and investor confidence. There was also a significant non-cash impairment of £484.2 million relating to Informa TechTarget in the first half of 2025.

2. Macroeconomic Headwinds and Revenue Stagnation

TechTarget is operating in a challenging macroeconomic environment characterized by high interest rates, inflation, and geopolitical tensions, leading to cautious customer spending. The company reported broadly flat underlying performance for 2024 and anticipates similar flat revenue growth for 2025. In the first half of 2025, Informa TechTarget's revenue was down 4.3% on an underlying and combined company basis. This subdued market backdrop directly impacts the company's ability to drive significant revenue growth and could constrain profitability, as evidenced by a combined company net loss of $166 million in 2024 and an operating loss in the first half of 2024 on a pro forma basis.

3. Intense Competition and Evolving Digital Marketing Landscape

The company operates in a highly competitive industry for specialized online content and marketing services. Key competitors include Gartner, Forrester Research, Ziff Davis, Madison Logic, Foundry, 6Sense, and ZoomInfo. In the sales management category, TechTarget holds a significantly smaller market share (0.03%) compared to competitors like Outreach (26.77%), Salesforce CRM (14.73%), and Intercom (14.54%). The evolving digital marketing landscape, including Google's phasing out of third-party cookies, further emphasizes the importance of first-party data and could require significant adaptation from TechTarget to maintain its competitive edge and pricing power.

AI Analysis | Feedback

The emergence of advanced Artificial Intelligence (AI) tools, particularly Large Language Models (LLMs) and generative AI, poses a clear emerging threat to TechTarget by impacting its core value propositions in two primary ways:

  • Democratization of Content Creation: Generative AI empowers tech vendors and other market participants to rapidly produce high-quality, targeted content at a significantly lower cost and time investment. This can reduce their reliance on TechTarget's content marketing services and its network of specialized websites to attract and engage enterprise technology buyers. The increased volume of AI-generated content could also potentially dilute the perceived value and uniqueness of TechTarget's proprietary content.
  • Alternative Buyer Intent Signal Generation: TechTarget's value is heavily predicated on its first-party buyer intent data gathered from user engagement across its network of websites. As AI capabilities advance, tech vendors can increasingly leverage their internal data (e.g., CRM, product usage, website analytics) combined with AI-driven analysis of broader external data sources (e.g., public web data, social media, review sites, news) to generate sophisticated buyer intent signals. This offers alternative or supplementary methods for identifying in-market buyers, potentially diminishing the unique advantage and necessity of TechTarget's specific intent data offerings.

AI Analysis | Feedback

The addressable market for TechTarget's main products and services, which operate at the intersection of the technology and B2B marketing sectors, is estimated to be $20 billion globally. The company's offerings include data-driven marketing services for B2B technology vendors, encompassing purchase intent data, content, demand generation, and sales enablement.

AI Analysis | Feedback

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Expected Drivers of Future Revenue Growth for TechTarget (TTGT)

  • Synergies from Informa Tech Merger and Expanded Market Reach: The strategic combination with Informa Tech's digital businesses has significantly broadened TechTarget's addressable market to an estimated $20 billion, with only 2.5% current penetration, indicating substantial growth potential. This merger is expected to create a leading global platform in B2B data and market access, offering diversified revenue streams and opportunities to expand into new geographic and vertical markets. The combined entity now boasts a larger research scope and enhanced access to first-party purchase intent data.
  • Product Innovation, AI Integration, and Enhanced Intent Data: TechTarget is driving revenue growth through ongoing product innovation, including the successful launch of the unified Informa TechTarget portal. This portal has led to a significant increase in intent data signals, up by over 40%. Furthermore, the company is actively diversifying its audience development and engagement strategies, with a particular focus on leveraging AI answer engines and Large Language Models (LLMs). These AI initiatives are proving effective, attracting a more qualified audience with conversion rates 2-3 times higher than traditional search methods. The 41% increase in proprietary intent data further strengthens its position in B2B technology marketing solutions.
  • Revamped Go-to-Market Strategy and Focus on High-Value Clients/Sectors: The company has implemented a revised go-to-market strategy that prioritizes engaging large enterprise clients within high-growth sectors such as artificial intelligence, cybersecurity, and channel markets. This strategic focus is already yielding positive results, with increased bookings, longer-term contracts, and larger average deal sizes. Additionally, the repositioning of the NetLine service aims to capture the volume end of the demand market, contributing to significant growth in revenues and bookings.
  • Favorable Macroeconomic Conditions and Technology Investment Cycles: TechTarget anticipates benefiting from an improving macroeconomic environment over the next 2-3 years. This includes a more favorable interest rate landscape and the emergence of a new technology investment cycle, particularly driven by advancements in artificial intelligence. These broader market trends are expected to stimulate increased technology spending, thereby boosting demand for TechTarget's B2B marketing and sales acceleration services.
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AI Analysis | Feedback

Share Repurchases

  • TechTarget repurchased approximately $417.0 million of convertible notes on January 24, 2025, utilizing cash, liquidated investments, and a related-party revolving credit facility.
  • In early 2025, an offer was made to repurchase all of the 2025 and 2026 Convertible Senior Notes for cash, with all but $7,000 aggregate principal amount of the 2026 notes tendered.
  • Approximately $409 million of outstanding convertible debt was repurchased in early 2025 via a tender offer, using about $259 million of cash.

Share Issuance

  • Shares outstanding were 72,157,906 as of November 5, 2025, and 71,460,169 as of December 31, 2024.
  • The transaction with Informa PLC, completed on December 2, 2024, involved legacy TechTarget common stock holders receiving $11.6955 in cash and one share of Informa TechTarget common stock per share.
  • Restructuring charges in Q3 2025 included $4.3 million related to Restricted Stock Unit (RSU) accelerations, implying share issuances through RSU vesting.

Inbound Investments

  • Informa PLC combined its digital businesses with TechTarget, creating Informa TechTarget, with Informa PLC becoming the majority shareholder, in a transaction completed on December 2, 2024.

Outbound Investments

  • The merger with Informa Tech's digital businesses on December 2, 2024, represents a significant strategic expansion by TechTarget.
  • TechTarget acquired BrightTALK Limited and its subsidiary BrightTALK, Inc. as of December 23, 2020.
  • The company reported $921.6 million of goodwill impairments across Canalys, Industry Dive, NetLine, Bluefin Legacy, and legacy TechTarget units for the first nine months of 2025, indicating previous acquisitions of these entities.

Capital Expenditures

  • Capital expenditures totaled $14.7 million in 2023, $14.0 million in 2022, and $12.6 million in 2021.
  • The primary focus of capital expenditures in 2021, 2022, and 2023 was on internal-use software and website development costs, along with computer equipment and related software for hosting websites.
  • TechTarget continues to invest in Artificial Intelligence Engine Optimization (AIEO), Search Engine Optimization (SEO), and various audience development and engagement strategies.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1TechTarget Earnings Notes12/16/2025
2null10/17/2025
Title
0ARTICLES

Trade Ideas

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Unique Key

Recent Active Movers

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Peer Comparisons for TechTarget

Peers to compare with:

Financials

TTGTGIBXRXBAOGBHJAJIMedian
NameTechTarg.CGI Xerox BAO Gigabit JAJI Glo. 
Mkt Price5.3387.952.25---5.33
Mkt Cap0.419.30.3---0.4
Rev LTM44715,9136,607---6,607
Op Inc LTM-412,612-75----41
FCF LTM-391,964283---283
FCF 3Y Avg-1,904411---1,157
CFO LTM-252,234367---367
CFO 3Y Avg-2,184466---1,325

Growth & Margins

TTGTGIBXRXBAOGBHJAJIMedian
NameTechTarg.CGI Xerox BAO Gigabit JAJI Glo. 
Rev Chg LTM82.0%8.4%3.7%---8.4%
Rev Chg 3Y Avg-7.4%-1.5%---3.0%
Rev Chg Q94.5%9.7%28.3%---28.3%
QoQ Delta Rev Chg LTM15.3%2.3%7.0%---7.0%
Op Mgn LTM-9.2%16.4%-1.1%----1.1%
Op Mgn 3Y Avg-16.4%2.8%---9.6%
QoQ Delta Op Mgn LTM1.5%0.1%-3.3%---0.1%
CFO/Rev LTM-5.5%14.0%5.6%---5.6%
CFO/Rev 3Y Avg-14.6%7.0%---10.8%
FCF/Rev LTM-8.7%12.3%4.3%---4.3%
FCF/Rev 3Y Avg-12.7%6.2%---9.5%

Valuation

TTGTGIBXRXBAOGBHJAJIMedian
NameTechTarg.CGI Xerox BAO Gigabit JAJI Glo. 
Mkt Cap0.419.30.3---0.4
P/S0.91.20.0---0.9
P/EBIT-0.48.2-1.2----0.4
P/E-0.411.6-0.3----0.3
P/CFO-15.58.60.8---0.8
Total Yield-271.5%8.6%-342.1%----271.5%
Dividend Yield0.0%0.0%0.0%---0.0%
FCF Yield 3Y Avg-8.3%52.7%---30.5%
D/E0.40.215.4---0.4
Net D/E0.20.213.8---0.2

Returns

TTGTGIBXRXBAOGBHJAJIMedian
NameTechTarg.CGI Xerox BAO Gigabit JAJI Glo. 
1M Rtn0.9%-5.7%-8.7%----5.7%
3M Rtn-4.8%0.5%-28.7%----4.8%
6M Rtn-38.4%-13.8%-65.6%----38.4%
12M Rtn-70.2%-20.0%-75.2%----70.2%
3Y Rtn-78.9%1.3%-83.9%----78.9%
1M Excs Rtn-5.6%-6.2%-16.4%----6.2%
3M Excs Rtn-6.0%-0.9%-30.8%----6.0%
6M Excs Rtn-36.7%-21.9%-69.7%----36.7%
12M Excs Rtn-84.0%-33.2%-89.4%----84.0%
3Y Excs Rtn-150.9%-69.9%-155.5%----150.9%

Financials

Segment Financials

Revenue by Segment
$ Mil202420232022
Single Segment252198139
Total252198139


Price Behavior

Price Behavior
Market Price$5.33 
Market Cap ($ Bil)0.4 
First Trading Date05/17/2007 
Distance from 52W High-70.7% 
   50 Days200 Days
DMA Price$10.98$18.53
DMA Trenddowndown
Distance from DMA-51.5%-71.2%
 3M1YR
Volatility52.9%73.1%
Downside Capture205.79237.91
Upside Capture151.9682.37
Correlation (SPY)41.6%43.1%
TTGT Betas & Captures as of 12/31/2025

 1M2M3M6M1Y3Y
Beta2.352.412.202.441.63-0.02
Up Beta-1.673.303.173.021.12-0.30
Down Beta1.581.582.642.622.35-0.12
Up Capture381%256%145%134%66%5%
Bmk +ve Days11233772143431
Stock +ve Days11192754108114
Down Capture263%229%183%237%152%99%
Bmk -ve Days11182755108320
Stock -ve Days9193267137149

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TTGT
TTGT-68.2%73.1%-1.25-
Sector ETF (XLK)23.5%27.4%0.7538.1%
Equity (SPY)15.8%19.3%0.6343.2%
Gold (GLD)79.5%20.4%2.783.0%
Commodities (DBC)5.7%15.3%0.1613.4%
Real Estate (VNQ)5.8%16.7%0.1734.5%
Bitcoin (BTCUSD)-14.7%39.8%-0.3117.3%


Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TTGT
TTGT-74.3%71.2%-1.60-
Sector ETF (XLK)18.1%24.7%0.6634.6%
Equity (SPY)14.0%17.1%0.6639.3%
Gold (GLD)20.8%15.7%1.071.5%
Commodities (DBC)11.4%18.7%0.4910.9%
Real Estate (VNQ)5.7%18.8%0.2131.5%
Bitcoin (BTCUSD)19.0%58.0%0.5311.9%


Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TTGT
TTGT-74.3%71.2%-1.60-
Sector ETF (XLK)22.9%24.2%0.8634.6%
Equity (SPY)15.3%18.0%0.7339.3%
Gold (GLD)15.7%14.9%0.871.5%
Commodities (DBC)8.2%17.6%0.3810.9%
Real Estate (VNQ)5.8%20.8%0.2531.5%
Bitcoin (BTCUSD)70.3%66.7%1.0911.9%


Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12312025
Short Interest: Shares Quantity2.3 Mil
Short Interest: % Change Since 121520253.1%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest6.0 days
Basic Shares Quantity71.8 Mil
Short % of Basic Shares3.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/10/2025-1.9%-3.8%11.7%
7/1/2025-12.0%-8.8%-13.4%
4/18/2025-12.7%-5.5%0.2%
SUMMARY STATS   
# Positive002
# Negative331
Median Positive  6.0%
Median Negative-12.0%-5.5%-13.4%
Max Positive  11.7%
Max Negative-12.7%-8.8%-13.4%

SEC Filings

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Report DateFiling DateFiling
09/30/202511/10/202510-Q (09/30/2025)
06/30/202508/12/202510-Q (06/30/2025)
03/31/202507/14/202510-Q (03/31/2025)
12/31/202405/28/202510-K (12/31/2024)
06/30/202410/25/2024424B3 (06/30/2024)
03/31/202406/27/2024S-4 (03/31/2024)

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sanchez, Perfecto DirectSell121520255.811,86510,83687,899Form
2Flaschen, David J S Flaschen Family TrustBuy91520255.9720,000119,324119,324Form
3Nugent, Gary JohnChief Executive OfficerDirectBuy91220255.854,20024,57024,570Form
4Niemiec, StevenChief Revenue OfficerDirectSell90220255.7521,478123,498814,074Form
5Noreck, Daniel TChief Financial OfficerDirectSell82520255.998,45950,669428,399Form