Techtarget Intrinsic Value – TECHTARGET Reports 145.1% Year-Over-Year Revenue Increase for Fourth Quarter of Fiscal Year 2022, Despite 5.1% Decrease in Net Income.

Earnings report

Techtarget Intrinsic Value – On February 9th 2023, TECHTARGET ($NASDAQ:TTGT) reported its financial results for the fourth quarter of fiscal year 2022. Despite a 5.1% decrease in net income year-over-year, TECHTARGET’s total revenue grew 145.1% to USD 7.2 million. Despite the dip in net income, the fourth quarter of the fiscal 2022 year for TECHTARGET remains quite profitable. TECHTARGET’s 145.1% year-over-year revenue increase for the fourth quarter of fiscal 2022 shows the continued strength of their business model. The company has managed to maintain growth despite the 5.1% decrease in net income, indicating that the increased revenue is having a positive effect on the bottom line.

With a net income touchdown of USD 73 million, TECHTARGET is certainly still in a good position financially going into the start of their new year. The fourth quarter of fiscal year 2022 has been an impressive period for TECHTARGET, despite the decrease in net income. The 145.1% year-over-year revenue increase is indicative of sound business decisions and strong management that have allowed for this impressive growth. With a strong foundation for future success, the company is well-positioned to continue growing and remain profitable into the future.

Market Price

On Thursday, TECHTARGET reported a 145.1% year-over-year revenue increase for its fourth quarter of Fiscal Year 2022. This marks a significant jump from its prior earnings, indicating the company’s continued growth despite a 5.1% decrease in net income. Although the news was well-received, the company’s stock closed at $41.8 on the same day, a 15.3% plunge from its prior closing price of $49.4. This could be indicative of investors’ hesitation to show confidence in TECHTARGET going forward despite their positive outlook on its past performance. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Techtarget are shown below. More…

Analysis – Techtarget Intrinsic Value

At GoodWhale, we have analyzed the financials of TECHTARGET and found that the fair value of their share is around $83.3. This was calculated using our proprietary Valuation Line, which takes into account of both qualitative and quantitative factors, such as the company’s financial position, industry outlook and risks. Currently, TECHTARGET is trading at $41.8, meaning that it is significantly undervalued by 49.8%. This provides investors with a great opportunity to purchase shares and benefit from potential price growth. Given TECHTARGET’s strong portfolio of products and services, coupled with their positive financials, we believe this to be a great long-term investment. More…

Peers

In the tech world, there is always competition between companies trying to one-up each other. This is especially true for TechTarget Inc, which competes against Kuaishou Technology, Snap Inc, and Genius Sports Ltd. All four of these companies are striving to be the best in their field and provide the best products and services to their customers. While there may be some friendly competition between them, each company is always looking to outdo the others.

– Kuaishou Technology ($SEHK:01024)

Kuaishou Technology is a Chinese internet company that provides a social platform for users to share and view short videos and live broadcasts. As of March 2022, the company had a market capitalization of US$205.61 billion and a negative return on equity of 109.81%. The company has been criticized for its content, which has been described as “vulgar” and “lowbrow”.

– Snap Inc ($NYSE:SNAP)

Snap Inc is a camera company. They believe that reinventing the camera represents their greatest opportunity to improve the way people live and communicate. Their products empower people to express themselves, live in the moment, learn about the world, and have fun together.

As of 2022, Snap Inc has a market cap of 18.68B and a Return on Equity of -20.9%. Snap Inc is a camera company that specializes in products that empower people to express themselves and live in the moment. The company has been growing rapidly and has seen strong financial returns in recent years.

– Genius Sports Ltd ($NYSE:GENI)

Genius Sports Ltd is a leading sports data and technology company. The company has a market cap of 1.03B as of 2022 and a Return on Equity of -16.84%. The company provides innovative sports data and technology solutions to media and betting companies, sports governing bodies and leagues, and clubs. The company’s products and services include live scoring, data visualization, and player tracking. The company has a strong presence in the United Kingdom, United States, Australia, and Europe.

Summary

TechTarget is an online company specializing in providing technology-related information, analysis and services. On February 9, 2023, TechTarget reported a year-over-year decrease of 5.1% in net income to USD 73.0 million. This news caused their stock price to go down that day. For investors considering TechTarget, they should take into account the company’s current financial performance, as well as potential growth opportunities, before making an investment decision.