The Trade Desk Inc. (NASDAQ:TTD) finished Wednesday with an addition of $2.97 to close at $75.72, an upside of 4.08 percent. An average of 2,948,900 shares of common stock have been traded in the last five days. There was a gain of $7.43 in the past week. The last 20 days have seen an average of 3,257,740 shares traded, while the 50-day average volume stands at 3,687,936.
TTD stock has increased by 6.90% in the last month. The company shares reached their 1-month lowest point of $65.32 on 10/04/21. With the stock rallying to its 52-week high on 02/19/21, shares of the company touched a low of $46.71 and a high of $97.28 in 52 weeks. In spite of this, the price is down -22.16% from the 52-week high.
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13 days have passed since The Trade Desk Inc. (TTD) last reported insider trading activity. GRAYSON BLAKE JEFFREY, who is Chief Financial Officer, most recently acquired $16,609 shares at $70.03 per share on Oct 01. In this transaction, the insider spent $1,163,128. Chief Financial Officer, GRAYSON BLAKE JEFFREY, disposed of 20,004 shares at a price of $70.87 on Sep 16. The insider now owns more than $1,417,736 worth of shares. Prior to that, Director Paley Eric B went on to Sale 3,866 shares at $79.61 each on Sep 01. An amount of $307,772 was transacted.
The Trade Desk Inc. (TTD) has a trailing price-to-earnings (P/E) ratio of 142.60, which compares with the 29.20 for the broader industry and 37.24 for the sector. In the last five years, The Trade Desk Inc.’s PE ratio has ranged between 334.87 and 37.22. The stock’s beta is 2.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 34.71, the price-to-book (PB) ratio at 29.93, and the price-to-cash flow ratio at 125.43.
The quick ratio of The Trade Desk Inc. for the three months ended June 29 was 1.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 80.90% against a 5-year average of 78.0%. The Trade Desk Inc.’s EBITDA margin for the year ending June 29 is 24.65%, while its operating margin for the same period stands at 21.10%. Its gross profit as reported stood at $657.22 million compared to revenue of $836.03 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The Trade Desk Inc.’s return on assets was 10.20%, compared to 5.6% over the last five years. In the past year, the return on investment has been 23.90%, and the 5-year average is 13.7%. Meanwhile, the return on equity (ROE) for the past 12 months has been 25.50% and the 5-year average holds at 14.7%. For the broader industry, ROE averaged 3.34 over the past year.
For the three-month period that ended June 29, The Trade Desk Inc. had $228.15 million in cash. The analyst consensus anticipated The Trade Desk Inc.’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.18, a 38.50% surprise. For the quarter, EBITDA amounted to $72.95 million. Shareholders own equity worth $478.68 million.
From a technical analysis perspective, let’s take a brief look at The Trade Desk Inc. (TTD) price momentum. RSI 9-day as of the close on 13 October was 64.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.69%.
As of today, TTD’s price is $72.12 +10.88% or $7.43 from its 5-day moving average. TTD is currently trading +6.92% higher than its 20-day SMA and +40.29% higher than its 100-day SMA. However, the stock’s current price level is -8.95% below the SMA50 and -9.06% below the SMA200.
The stochastic %K and %D were 66.67% and 54.59%, respectively, and the average true range (ATR) was 2.93. With the 14-day stochastic at 92.28% and the average true range at 2.96, the RSI (14) stands at 57.02%. The stock has reached 2.74 on the 9-day MACD Oscillator while the 14-day reading was at 2.16.
Cleveland Research launched coverage on The Trade Desk Inc. (NASDAQ: TTD) in its analyst report released on September 30, 2021. The firm assigned the stock a a Buy rating.The consensus rating for The Trade Desk Inc. (TTD) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell TTD, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 others rate it as a “buy”.
What is TTD’s price target for the next 12 months?
Analysts predict a range of price targets between $26.90 and $115.00, with a median target of $93.50. Taking a look at these predictions, the average price target given by analysts for The Trade Desk Inc. (TTD) stock is $88.05.