The Trade Desk Inc. [TTD] Stock trading around $81.91 per share: What’s Next?

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The Trade Desk Inc. [NASDAQ: TTD] stock went on a downward path that fall over -2.60% on Friday, amounting to a one-week price increase of more than 0.94%. The company report on July 29, 2021 that The Trade Desk Announces Date of Second Quarter 2021 Financial Results and Conference Call.

The Trade Desk, Inc. (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, announced that it will release financial results for the second quarter fiscal year 2021 ended June 30, 2021 before the market opens on Monday, August 9, 2021. The Trade Desk will host a webcast and conference call to discuss second quarter financial results at 8:30 A.M. Pacific Time.

Webcast and Conference Call Details.

Over the last 12 months, TTD stock rose by 90.36%. The one-year The Trade Desk Inc. stock forecast points to a potential downside of -19.77. The average equity rating for TTD stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $40.01 billion, with 472.82 million shares outstanding and 469.24 million shares in the current float. Compared to the average trading volume of 9.79M shares, TTD stock reached a trading volume of 5051788 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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.

Stephens have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 23, 2021. While these analysts kept the previous recommendation, Truist dropped their target price from $880 to $620. The new note on the price target was released on May 11, 2021, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise to $770, while Evercore ISI analysts kept a Outperform rating on TTD stock.

The Average True Range (ATR) for The Trade Desk Inc. is set at 3.86, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 44.70. The Price to Book ratio for the last quarter was 35.77, with the Price to Cash per share for the same quarter was set at 1.39. Price to Free Cash Flow for TTD in the course of the last twelve months was 111.61 with Quick ratio for the last quarter at 1.70.

TTD Stock Performance Analysis:

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 0.94. With this latest performance, TTD shares gained by 5.88% in over the last four-week period, additionally plugging by 6.93% over the last 6 months – not to mention a rise of 90.36% 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 63.67, with the RSI for the last a single of trading hit 62.99, and the three-weeks RSI is set at 62.74 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 68.53, while it was recorded at 83.14 for the last single week of trading, and 73.29 for the last 200 days.

Insight into The Trade Desk Inc. 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.

TTD Stock EPS

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 Position Details

There are presently around $24,022 million, or 72.10% 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 $3.18 billion in TTD stocks shares; and BLACKROCK INC., currently with $2.09 billion in TTD stock with ownership of nearly 2.714% of the company’s market capitalization.

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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 404 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 30,262,942 shares. Additionally, 353 investors decreased positions by around 27,392,274 shares, while 90 investors held positions by with 235,621,902 shares. The mentioned changes placed institutional holdings at 293,277,118 shares, according to the latest SEC report filing. TTD stock had 114 new institutional investments in for a total of 2,159,105 shares, while 104 institutional investors sold positions of 3,944,150 shares during the same period.

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