Guggenheim slashes price target on The Trade Desk Inc. [TTD] – find out why.


The Trade Desk Inc. [NASDAQ: TTD] closed the trading session at $60.30 on 05/03/22. The day’s price range saw the stock hit a low of $58.36, while the highest price level was $63.16. The company report on May 2, 2022 that The Trade Desk Announces Date of First Quarter 2022 Financial Results and Conference Call.

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The Trade Desk, Inc. (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced that it will release financial results for the first quarter ended March 31, 2022 after the market closes on Tuesday, May 10, 2022. The Trade Desk will host a webcast and conference call to discuss first quarter financial results at 2:00 P.M. Pacific Time.

The stocks have a year to date performance of -34.20 percent and weekly performance of 1.23 percent. The stock has been moved at -21.17 percent over the last six months. The stock has performed -16.63 percent around the most recent 30 days and changed -15.18 percent over the most recent 3-months.

If compared to the average trading volume of 6.07M shares, TTD reached to a volume of 5945815 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 $95.17 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 2.20. 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.

Guggenheim have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 02, 2022. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Hold. The new note on the price target was released on March 01, 2022, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise from $115 to $125, while Susquehanna kept a Positive rating on TTD stock. On February 17, 2022, analysts increased their price target for TTD shares from 68 to 70.

The Average True Range (ATR) for The Trade Desk Inc. is set at 4.67, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 25.28. The Price to Book ratio for the last quarter was 18.96, with the Price to Cash per share for the same quarter was set at 1.91. Price to Free Cash Flow for TTD in the course of the last twelve months was 93.43 with Quick ratio for the last quarter at 1.70.

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 1.23. With this latest performance, TTD shares dropped by -16.63% in over the last four-week period, additionally sinking by -21.17% over the last 6 months – not to mention a drop of -9.53% 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 44.29, with the RSI for the last a single of trading hit 44.25, and the three-weeks RSI is set at 44.67 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 67.63, while it was recorded at 59.83 for the last single week of trading, and 77.78 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 +10.43 and a Gross Margin at +81.48. The Trade Desk Inc.’s Net Margin is presently recorded at +11.51.

Return on Equity for this stock inclined to 10.85, with Return on Assets sitting at 4.35.

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 25.00%.

The Trade Desk Inc. [TTD]: Insider Ownership positions

There are presently around $19,025 million, or 70.90% of TTD stock, in the hands of institutional investors. The top three institutional holders of TTD stocks are: BAILLIE GIFFORD & CO with ownership of 53,353,398, which is approximately 2.438% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 39,647,976 shares of the stock with an approximate value of $2.46 billion in TTD stocks shares; and MORGAN STANLEY, currently with $1.95 billion in TTD stock with ownership of nearly 24.1% of the company’s market capitalization.

416 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 29,334,209 shares. Additionally, 389 investors decreased positions by around 15,195,911 shares, while 115 investors held positions by with 261,922,130 shares. The mentioned changes placed institutional holdings at 306,452,250 shares, according to the latest SEC report filing. TTD stock had 136 new institutional investments in for a total of 5,761,091 shares, while 91 institutional investors sold positions of 3,089,076 shares during the same period.