Tearsheet

TechTarget (TTGT)


Market Price (12/4/2025): $5.36 | Market Cap: $383.2 Mil
Sector: Information Technology | Industry: IT Consulting & Other Services

TechTarget (TTGT)


Market Price (12/4/2025): $5.36
Market Cap: $383.2 Mil
Sector: Information Technology
Industry: IT Consulting & Other Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -54%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -59 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -17%
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 -5.0%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.6%
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 -181%
0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -54%
1 Megatrend and thematic drivers
Megatrends include Digital Advertising, Artificial Intelligence, and Cloud Computing. Themes include Ad-Tech Platforms, Show more.
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -59 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -17%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.0%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.6%
4 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 -181%

Valuation, Metrics & Events

TTGT Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

1. Significant Net Loss in Q3 2025 due to Non-Cash Impairment. TechTarget reported a net loss of $77 million for the third quarter of 2025, largely attributed to an $80.3 million non-cash impairment charge. This impairment reflected a substantial reduction in the company's market capitalization compared to its book value, resulting in a net loss margin of -63%.

2. Bearish Market Sentiment and Technical Signals. Technical indicators in late November 2025 pointed to a bearish sentiment for TTGT, with the Fear & Greed Index showing "Fear." This was also accompanied by a general sell signal derived from the relationship between the stock's long-term and short-term moving averages, suggesting ongoing negative pressure.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
TTGT Return------74%-74%
Peers Return-19%7%-17%29%-24%-43%-60%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
TTGT Win Rate---- 20% 
Peers Win Rate38%54%38%67%46%35% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
TTGT Max Drawdown------76% 
Peers Max Drawdown-52%-13%-28%-7%-31%-47% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[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] 2025 data is for the year up to 12/3/2025 (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 Breakeven1183 days1480 days

Compare to


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)

Better Bets than TechTarget (TTGT)

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select past ideas related to TTGT. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
1.9%1.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.7%3.7%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.1%5.1%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.5%5.5%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
8.0%8.0%0.0%
TTGT#87874R100_11302022_Dip_Buyer_High_CFO_Margins_ExInd_DE11302022TTGTTechTarget [DELISTED]Dip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-23.9%-35.2%-48.4%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
1.9%1.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.7%3.7%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.1%5.1%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.5%5.5%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
8.0%8.0%0.0%
TTGT#87874R100_11302022_Dip_Buyer_High_CFO_Margins_ExInd_DE11302022TTGTTechTarget [DELISTED]Dip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-23.9%-35.2%-48.4%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for TechTarget

Peers to compare with:

Financials

TTGTGIBXRXBAOGBHJAJIMedian
NameTechTarg.CGI Xerox BAO Gigabit JAJI Glo. 
Mkt Price5.3489.512.71---5.34
Mkt Cap0.419.60.3---0.4
Rev LTM34515,9136,174---6,174
Op Inc LTM-592,612131---131
FCF LTM-301,964302---302
FCF 3Y Avg-1,904376---1,140
CFO LTM-172,234367---367
CFO 3Y Avg-2,184425---1,304

Growth & Margins

TTGTGIBXRXBAOGBHJAJIMedian
NameTechTarg.CGI Xerox BAO Gigabit JAJI Glo. 
Rev Chg LTM-8.4%-5.0%---1.7%
Rev Chg 3Y Avg-7.4%-3.7%---1.8%
Rev Chg Q97.2%9.7%-0.1%---9.7%
QoQ Delta Rev Chg LTM20.6%2.3%-0.0%---2.3%
Op Mgn LTM-17.1%16.4%2.1%---2.1%
Op Mgn 3Y Avg-16.4%3.7%---10.0%
QoQ Delta Op Mgn LTM0.2%0.1%-0.6%---0.1%
CFO/Rev LTM-5.0%14.0%5.9%---5.9%
CFO/Rev 3Y Avg-14.6%6.5%---10.5%
FCF/Rev LTM-8.6%12.3%4.9%---4.9%
FCF/Rev 3Y Avg-12.7%5.7%---9.2%

Valuation

TTGTGIBXRXBAOGBHJAJIMedian
NameTechTarg.CGI Xerox BAO Gigabit JAJI Glo. 
Mkt Cap0.419.60.3---0.4
P/S1.61.20.1---1.2
P/EBIT-0.68.3-0.6----0.6
P/E-0.611.8-0.5----0.5
P/CFO-32.08.81.8---1.8
Total Yield-176.7%8.5%-214.5%----176.7%
Dividend Yield0.0%0.0%0.0%---0.0%
FCF Yield 3Y Avg-8.5%31.5%---20.0%
D/E0.20.25.9---0.2
Net D/E0.10.25.3---0.2

Returns

TTGTGIBXRXBAOGBHJAJIMedian
NameTechTarg.CGI Xerox BAO Gigabit JAJI Glo. 
1M Rtn0.6%3.5%-15.8%---0.6%
3M Rtn-3.4%-7.0%-28.2%----7.0%
6M Rtn-36.2%-16.7%-45.7%----36.2%
12M Rtn-78.9%-19.8%-67.3%----67.3%
3Y Rtn-2.1%-80.1%----39.0%
1M Excs Rtn0.6%3.5%-15.8%---0.6%
3M Excs Rtn-10.8%-11.3%-35.0%----11.3%
6M Excs Rtn-50.9%-31.5%-60.4%----50.9%
12M Excs Rtn--33.6%-81.9%----57.7%
3Y Excs Rtn--66.6%-151.3%----108.9%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity2,041,284
Short Interest: % Change Since 103120250.8%
Average Daily Volume556,791
Days-to-Cover Short Interest3.67
Basic Shares Quantity71,487,725
Short % of Basic Shares2.9%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025812202510-Q 6/30/2025
3312025714202510-Q 3/31/2025
12312024528202510-K 12/31/2024
33120246272024S-4 3/31/2024
1231202310252024424B3 12/31/2023