The Trade Desk Inc. [TTD] gain 151.74% so far this year. What now?

The Trade Desk Inc. [NASDAQ: TTD] closed the trading session at $653.96 on 10/14/20. The day’s price range saw the stock hit a low of $642.075, while the highest price level was $675.00. The company report on October 8, 2020 that The Trade Desk Appoints Jay Grant as Chief Legal Officer.

Global advertising technology leader The Trade Desk (NASDAQ: TTD) today announced the appointment of Jay Grant as Chief Legal Officer. Grant will report to Jeff Green, The Trade Desk’s Co-founder and CEO, and will be based in the company’s New York office.

Grant has more than 20 years of legal experience with media and digital organizations, most recently as Executive Vice President and General Counsel of Univision Communications Inc.’s (UCI) Digital and News divisions. Prior to that, Grant was Executive Vice President and General Counsel for UCI’s English language media division, Fusion Media Group, home to digital publishing and cable network brands such as Deadspin, the Onion, Univision Digital and Univision Music. In these roles, Grant advised senior management on strategic partnerships, new ventures and content acquisition and distribution deals. Grant started his career in private practice at the law firm Manatt, Phelps & Phillips, LLP.

The stocks have a year to date performance of 151.74 percent and weekly performance of 10.20 percent. The stock has been moved at 196.27 percent over the last six months. The stock has performed 46.86 percent around the most recent 30 days and changed 52.40 percent over the most recent 3-months.

If compared to the average trading volume of 1.07M shares, TTD reached to a volume of 1677554 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 $487.44 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.

Needham have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 14, 2020. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on September 15, 2020, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise from $320 to $510, while Citigroup kept a Neutral rating on TTD stock. On August 07, 2020, analysts increased their price target for TTD shares from 340 to 600.

The Average True Range (ATR) for The Trade Desk Inc. is set at 24.94, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 44.39. The Price to Book ratio for the last quarter was 39.78, with the Price to Cash per share for the same quarter was set at 12.03. Price to Free Cash Flow for TTD in the course of the last twelve months was 277.00 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 10.20. With this latest performance, TTD shares gained by 46.86% in over the last four-week period, additionally plugging by 196.27% over the last 6 months – not to mention a rise of 208.47% 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 84.10, with the RSI for the last a single of trading hit 91.51, and the three-weeks RSI is set at 77.83 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 492.18, while it was recorded at 630.00 for the last single week of trading, and 352.67 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 $22,130 million, or 82.50% 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 $1.95 billion in TTD stocks shares; and BAILLIE GIFFORD & CO, currently with $1.83 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 343 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 4,693,240 shares. Additionally, 203 investors decreased positions by around 3,372,285 shares, while 49 investors held positions by with 25,775,177 shares. The mentioned changes placed institutional holdings at 33,840,702 shares, according to the latest SEC report filing. TTD stock had 167 new institutional investments in for a total of 1,512,447 shares, while 61 institutional investors sold positions of 505,944 shares during the same period.

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