The Trade Desk Inc. [NASDAQ: TTD] gained 2.80% on the last trading session, reaching $382.44 price per share at the time. The Trade Desk Inc. represents 45.50 million in outstanding shares, while the company has a total market value of $17.27 billion with the latest information. TTD stock price has been found in the range of $373.14 to $395.0423.
If compared to the average trading volume of 2.22M shares, TTD reached a trading volume of 1795658 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about The Trade Desk Inc. [TTD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TTD shares is $291.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TTD stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DA Davidson have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 11, 2020. While these analysts kept the previous recommendation, Pivotal Research Group raised their target price from $267 to $345. The new note on the price target was released on May 08, 2020, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise from $250 to $370, while Needham kept a Buy rating on TTD stock. On May 08, 2020, analysts decreased their price target for TTD shares from 280 to 250.
The Average True Range (ATR) for The Trade Desk Inc. is set at 19.01, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 24.64. The Price to Book ratio for the last quarter was 25.82, with the Price to Cash per share for the same quarter was set at 9.87. Price to Free Cash Flow for TTD in the course of the last twelve months was 312.25 with Quick ratio for the last quarter at 2.00.
Trading performance analysis for TTD stock
The Trade Desk Inc. [TTD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.78. With this latest performance, TTD shares gained by 28.88% in over the last four-week period, additionally plugging by 50.66% over the last 6 months – not to mention a rise of 55.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TTD stock in for the last two-week period is set at 70.85, with the RSI for the last a single of trading hit 72.51, and the three-weeks RSI is set at 67.62 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 293.53, while it was recorded at 365.42 for the last single week of trading, and 250.11 for the last 200 days.
The Trade Desk Inc. [TTD]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and The Trade Desk Inc. [TTD] shares currently have an operating margin of +16.97 and a Gross Margin at +76.37. The Trade Desk Inc.’s Net Margin is presently recorded at +16.39.
Return on Total Capital for TTD is now 18.75, given the latest momentum, and Return on Invested Capital for the company is 18.33. Return on Equity for this stock inclined to 21.51, with Return on Assets sitting at 7.61. When it comes to the capital structure of this company, The Trade Desk Inc. [TTD] has a Total Debt to Total Equity ratio set at 30.93. Additionally, TTD Total Debt to Total Capital is recorded at 23.62, with Total Debt to Total Assets ending up at 10.96. Long-Term Debt to Equity for the company is recorded at 28.55, with the Long-Term Debt to Total Capital now at 21.81.
Reflecting on the efficiency of the workforce at the company, The Trade Desk Inc. [TTD] managed to generate an average of $82,685 per employee. Receivables Turnover for the company is 0.66 with a Total Asset Turnover recorded at a value of 0.46.The Trade Desk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.
The Trade Desk Inc. [TTD]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, The Trade Desk Inc. posted 0.95/share EPS, while the average EPS was predicted by analysts to be reported at 0.69/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 37.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TTD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Trade Desk Inc. go to 28.00%.
An analysis of insider ownership at The Trade Desk Inc. [TTD]
There are presently around $12,094 million, or 82.30% of TTD stock, in the hands of institutional investors. The top three institutional holders of TTD stocks are: VANGUARD GROUP INC with ownership of 3,728,449, which is approximately 1.999% of the company’s market cap and around 1.10% of the total institutional ownership; MORGAN STANLEY, holding 2,847,904 shares of the stock with an approximate value of $1.06 billion in TTD stocks shares; and BAILLIE GIFFORD & CO, currently with $1.03 billion in TTD stock with ownership of nearly -0.839% of the company’s market capitalization.
Positions in The Trade Desk Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 266 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 5,924,421 shares. Additionally, 187 investors decreased positions by around 3,952,140 shares, while 42 investors held positions by with 22,631,508 shares. The mentioned changes placed institutional holdings at 32,508,069 shares, according to the latest SEC report filing. TTD stock had 100 new institutional investments in for a total of 1,738,917 shares, while 66 institutional investors sold positions of 1,336,425 shares during the same period.