The Trade Desk Inc. [TTD] is -30.33% lower this YTD. Is it still time to buy?

The Trade Desk Inc. [NASDAQ: TTD] loss -5.31% or -3.58 points to close at $63.85 with a heavy trading volume of 3988658 shares. The company report on August 9, 2022 that The Trade Desk Reports Second Quarter 2022 Financial Results.


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The Trade Desk, Inc. (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced financial results for its second quarter ended June 30, 2022.

“We delivered outstanding performance in the second quarter, growing 35% versus a year ago, significantly outpacing worldwide programmatic advertising growth. More of the world’s leading brands are signing major new or expanded long-term agreements with The Trade Desk, which speaks to the innovation and value that our platform provides compared to the limitations of walled gardens,” said Jeff Green, Co-Founder and CEO of The Trade Desk. “This trend also gives us confidence that we will continue to gain market share in any market environment. At the same time, we continue to invest to drive future growth in key areas such as identity, Connected TV, retail media and supply chain optimization. In each of these areas, we signed major new partnerships with some of the world’s leading publishers, broadcasters, retailers and technology partners in the second quarter.”.

It opened the trading session at $63.69, the shares rose to $64.93 and dropped to $62.76, the range by which the price of stock traded the whole day. The daily chart for TTD points out that the company has recorded 21.67% gains over the past six months. However, it is still -63.72% lower than its most recent low trading price.

If we look at the average trading volume of 6.16M shares, TTD reached to a volume of 3988658 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $79.83 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 2.00. 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.

Wolfe Research have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on August 17, 2022. While these analysts kept the previous recommendation, Stifel raised their target price from $50 to $80. The new note on the price target was released on May 16, 2022, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise to $108, while Guggenheim analysts kept a Buy rating on TTD stock.

The Average True Range (ATR) for The Trade Desk Inc. is set at 3.58, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 22.26. The Price to Book ratio for the last quarter was 17.45, with the Price to Cash per share for the same quarter was set at 2.51. Price to Free Cash Flow for TTD in the course of the last twelve months was 64.12 with Quick ratio for the last quarter at 1.90.

Trading performance analysis for TTD stock

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 6.36. With this latest performance, TTD shares dropped by -14.28% in over the last four-week period, additionally plugging by 21.67% over the last 6 months – not to mention a drop of -10.32% 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 53.37, with the RSI for the last a single of trading hit 50.74, and the three-weeks RSI is set at 54.52 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 56.17, while it was recorded at 64.95 for the last single week of trading, and 65.41 for the last 200 days.

The Trade Desk Inc. [TTD]: A deeper dive into fundamental analysis

The Trade Desk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.

The Trade Desk Inc. [TTD]: An earnings per share (EPS) analysis

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 16.00%.

An analysis of insider ownership at The Trade Desk Inc. [TTD]

There are presently around $21,104 million, or 77.60% of TTD stock, in the hands of institutional investors. The top three institutional holders of TTD stocks are: BAILLIE GIFFORD & CO with ownership of 47,068,749, which is approximately -9.016% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 40,690,880 shares of the stock with an approximate value of $2.6 billion in TTD stocks shares; and MORGAN STANLEY, currently with $2.44 billion in TTD stock with ownership of nearly -0.617% of the company’s market capitalization.

319 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 25,755,816 shares. Additionally, 428 investors decreased positions by around 19,020,590 shares, while 108 investors held positions by with 285,742,387 shares. The mentioned changes placed institutional holdings at 330,518,793 shares, according to the latest SEC report filing. TTD stock had 70 new institutional investments in for a total of 3,986,326 shares, while 161 institutional investors sold positions of 1,642,513 shares during the same period.

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