The Trade Desk Inc. [NASDAQ: TTD] closed the trading session at $498.30 on 09/29/20. The day’s price range saw the stock hit a low of $488.38, while the highest price level was $506.75.
The stocks have a year to date performance of 91.82 percent and weekly performance of 6.54 percent. The stock has been moved at 158.19 percent over the last six months. The stock has performed 2.59 percent around the most recent 30 days and changed 22.58 percent over the most recent 3-months.
If compared to the average trading volume of 1.19M shares, TTD reached to a volume of 1226888 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $312.39 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.
KeyBanc Capital Markets have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 15, 2020. While these analysts kept the previous recommendation, Citigroup raised their target price from $320 to $510. The new note on the price target was released on August 10, 2020, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise from $340 to $600, while Susquehanna kept a Positive rating on TTD stock. On August 07, 2020, analysts increased their price target for TTD shares from 300 to 510.
The Average True Range (ATR) for The Trade Desk Inc. is set at 22.94, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 32.80. The Price to Book ratio for the last quarter was 30.31, with the Price to Cash per share for the same quarter was set at 12.40. Price to Free Cash Flow for TTD in the course of the last twelve months was 204.67 with Quick ratio for the last quarter at 2.00.
TTD stock trade performance evaluation
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 6.54. With this latest performance, TTD shares gained by 2.59% in over the last four-week period, additionally plugging by 158.19% over the last 6 months – not to mention a rise of 165.69% 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 61.80, with the RSI for the last a single of trading hit 68.08, and the three-weeks RSI is set at 59.27 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 458.63, while it was recorded at 473.91 for the last single week of trading, and 334.36 for the last 200 days.
The Trade Desk Inc. [TTD]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for The Trade Desk Inc. [TTD] stock
With the latest financial reports released by the company, The Trade Desk Inc. posted 0.75/share EPS, while the average EPS was predicted by analysts to be reported at 0.67/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.90%. 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 25.00%.
The Trade Desk Inc. [TTD]: Insider Ownership positions
There are presently around $16,889 million, or 83.00% of TTD stock, in the hands of institutional investors. The top three institutional holders of TTD stocks are: VANGUARD GROUP INC with ownership of 3,806,453, which is approximately 2.092% of the company’s market cap and around 0.80% of the total institutional ownership; MORGAN STANLEY, holding 2,998,736 shares of the stock with an approximate value of $1.49 billion in TTD stocks shares; and BAILLIE GIFFORD & CO, currently with $1.4 billion in TTD stock with ownership of nearly 1.642% of the company’s market capitalization.
Positions in The Trade Desk Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 354 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 4,744,571 shares. Additionally, 197 investors decreased positions by around 3,333,983 shares, while 47 investors held positions by with 25,815,560 shares. The mentioned changes placed institutional holdings at 33,894,114 shares, according to the latest SEC report filing. TTD stock had 171 new institutional investments in for a total of 1,544,655 shares, while 60 institutional investors sold positions of 495,585 shares during the same period.