The Trade Desk Inc. [NASDAQ: TTD] jumped around 46.34 points on Wednesday, while shares priced at $632.42 at the close of the session, up 7.91%. The company report on November 2, 2020 that The Trade Desk Adds Nielsen to Unified ID 2.0 Initiative as Advertisers Seek Upgrade to Cookies.
The Trade Desk (NASDAQ: TTD) announced that Nielsen (NYSE: NLSN) is supporting the industry-wide initiative to develop and deploy Unified ID 2.0. With initial development led by The Trade Desk, Unified ID 2.0 is a new industry-wide approach to internet identity that preserves the value of relevant advertising, while putting user control and privacy at the forefront. The ID is an upgrade and an alternative to third-party cookies.
Powered by a secured technology that encrypts and hashes a consumer’s email address for their protection, the solution will be open source, interoperable and non-commercial. Unified ID 2.0 will be governed by an independent group to preserve neutrality. Key elements of Unified ID 2.0 include:.
The Trade Desk Inc. stock is now 143.44% up from its year-to-date (YTD) trading value. TTD Stock saw the intraday high of $647.95 and lowest of $606.01 per share. The company’s 52-week high price is 675.00, which means current price is +365.01% above from all time high which was touched on 10/14/20.
Compared to the average trading volume of 1.03M shares, TTD reached a trading volume of 1212498 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $503.18 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 2.60. 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.
Oppenheimer have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 04, 2020. The new note on the price target was released on October 15, 2020, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise from $580 to $750, while Needham kept a Buy rating on TTD stock.
The Average True Range (ATR) for The Trade Desk Inc. is set at 30.64, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 47.64. The Price to Book ratio for the last quarter was 38.47, with the Price to Cash per share for the same quarter was set at 10.84. Price to Free Cash Flow for TTD in the course of the last twelve months was 297.30 with Quick ratio for the last quarter at 2.00.
How has TTD stock performed recently?
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 6.02. With this latest performance, TTD shares gained by 8.06% in over the last four-week period, additionally plugging by 96.10% over the last 6 months – not to mention a rise of 216.95% 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 61.15, with the RSI for the last a single of trading hit 60.66, and the three-weeks RSI is set at 60.34 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 532.42, while it was recorded at 592.42 for the last single week of trading, and 377.05 for the last 200 days.
The Trade Desk Inc. [TTD]: Deeper insight into the 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 analysis for The Trade Desk Inc. [TTD]
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 29.00%.
Insider trade positions for The Trade Desk Inc. [TTD]
There are presently around $19,836 million, or 82.00% 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 $1.76 billion in TTD stocks shares; and BAILLIE GIFFORD & CO, currently with $1.65 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 316 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 3,720,924 shares. Additionally, 236 investors decreased positions by around 3,396,972 shares, while 60 investors held positions by with 26,727,251 shares. The mentioned changes placed institutional holdings at 33,845,147 shares, according to the latest SEC report filing. TTD stock had 131 new institutional investments in for a total of 1,273,737 shares, while 65 institutional investors sold positions of 499,482 shares during the same period.