The Trade Desk Inc. [NASDAQ: TTD] closed the trading session at $70.62 on 07/16/21. The day’s price range saw the stock hit a low of $69.3637, while the highest price level was $72.865. The company report on July 7, 2021 that The Trade Desk Launches New Media Trading Platform for the Modern Marketer.
Solimar Integrates Advanced Goals-Based Media Buying, Easy First-Party Data Onboarding, and Innovative Measurement Marketplace.
Global advertising technology leader, The Trade Desk (NASDAQ:TTD), announced the launch of its new trading platform – Solimar – that will help marketers optimize their digital advertising campaigns across the open internet. Designed in response to a rapidly evolving digital marketing environment, Solimar enables marketers to unleash the power of their valuable first-party data, drive greater precision in their digital marketing campaigns, while advancing consumer-conscious privacy.
The stocks have a year to date performance of -11.84 percent and weekly performance of -9.40 percent. The stock has been moved at -8.91 percent over the last six months. The stock has performed 19.65 percent around the most recent 30 days and changed -1.76 percent over the most recent 3-months.
If compared to the average trading volume of 9.67M shares, TTD reached to a volume of 5131157 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 $68.39 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 2.40. 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.
Truist have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 11, 2021. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on April 06, 2021, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise to $851, while KeyBanc Capital Markets analysts kept a Overweight rating on TTD stock. On February 19, 2021, analysts increased their price target for TTD shares from 490 to 985.
The Average True Range (ATR) for The Trade Desk Inc. is set at 3.54, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 38.26. The Price to Book ratio for the last quarter was 30.84, with the Price to Cash per share for the same quarter was set at 1.40. Price to Free Cash Flow for TTD in the course of the last twelve months was 95.54 with Quick ratio for the last quarter at 1.70.
TTD stock trade performance evaluation
The Trade Desk Inc. [TTD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.40. With this latest performance, TTD shares gained by 19.65% in over the last four-week period, additionally sinking by -8.91% over the last 6 months – not to mention a rise of 64.57% 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 48.95, with the RSI for the last a single of trading hit 39.76, and the three-weeks RSI is set at 51.99 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 63.38, while it was recorded at 74.12 for the last single week of trading, and 72.28 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 +17.25 and a Gross Margin at +78.61. The Trade Desk Inc.’s Net Margin is presently recorded at +28.98.
Return on Total Capital for TTD is now 13.68, given the latest momentum, and Return on Invested Capital for the company is 23.58. Return on Equity for this stock inclined to 29.81, with Return on Assets sitting at 10.81. 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 28.86. Additionally, TTD Total Debt to Total Capital is recorded at 22.40, with Total Debt to Total Assets ending up at 10.62. Long-Term Debt to Equity for the company is recorded at 25.13, with the Long-Term Debt to Total Capital now at 19.50.
Reflecting on the efficiency of the workforce at the company, The Trade Desk Inc. [TTD] managed to generate an average of $156,839 per employee. Receivables Turnover for the company is 0.61 with a Total Asset Turnover recorded at a value of 0.37.The Trade Desk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for The Trade Desk Inc. [TTD] stock
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 32.00%.
The Trade Desk Inc. [TTD]: Insider Ownership positions
There are presently around $20,821 million, or 72.50% of TTD stock, in the hands of institutional investors. The top three institutional holders of TTD stocks are: BAILLIE GIFFORD & CO with ownership of 41,295,660, which is approximately 41.794% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 38,841,490 shares of the stock with an approximate value of $2.74 billion in TTD stocks shares; and BLACKROCK INC., currently with $1.8 billion in TTD stock with ownership of nearly 2.714% 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 400 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 30,880,905 shares. Additionally, 355 investors decreased positions by around 27,104,380 shares, while 88 investors held positions by with 236,843,230 shares. The mentioned changes placed institutional holdings at 294,828,515 shares, according to the latest SEC report filing. TTD stock had 109 new institutional investments in for a total of 2,237,380 shares, while 100 institutional investors sold positions of 3,769,920 shares during the same period.