Does Wall Street Rate The Trade Desk Inc. (TTD) Shares A Sell?


At the last check on Friday, The Trade Desk Inc.’s (NASDAQ:TTD) stock was up $1.37, moving up 2.07 percent to $67.63. The average number of shares traded per day over the past five days has been 2,349,800 shares. 1 time new highs have been achieved over the past 5 days, with a $0.61 gain in that time frame. In the last twenty days, the average volume was 4,501,870, while in the previous 50 days, it was 3,561,200.

Since last month, TTD stock rose 5.31%. Shares of the company fell to $60.56 on 05/11/23, the lowest level in the past month. A 52-week high of $76.75 was reached on 05/22/23 after having rallying from a 52-week low of $39.00. Since the beginning of this year, TTD’s stock price has risen by 50.86% or $22.60, and marked a new high 16 times. However, the stock has declined by -11.88% since its 52-week high.

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TTD stock investors should be aware that The Trade Desk Inc. (TTD) stock had its last reported insider trading activity 11 days ago on May 15. Pickles David Randall, the Chief Technology Officer of the company, disposed of 2,020 shares for $62.27 on May 15. It resulted in a $125,785 divestment by the insider. Pickles David Randall sold 2,060 shares at an average price of $63.67 on May 01. The insider now owns 530,595 shares following the transaction. On Apr 19, Director Rajaram Gokul sold 2,999 shares at $60.93 apiece. The transaction was valued at $182,729.

Valuation Metrics

Right now, The Trade Desk Inc. (TTD) has a P/E ratio of about 463.36. The stock’s beta is 1.74. Besides these, the trailing price-to-sales (P/S) ratio of 19.89, the price-to-book (PB) ratio of 16.73, and the price-to-cash flow ratio of 65.78 may also be considered.

Financial Health

In the three months ended March 30, The Trade Desk Inc.’s quick ratio stood at 1.90, while its current ratio was 1.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 81.60% percent. In the year ended March 30, EBITDA margin amounted to 13.45%, whereas operating margins totaled 6.50%. Based on annual data, TTD earned $1.3 billion in gross profit and brought in $1.58 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.90%. Return on equity (ROE) for the past 12 months was 4.00%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TTD’s revenue rose 17.63% to $490.74 million during the quarter, while net income inched up to $382.8 million. While analysts expected The Trade Desk Inc. to report $0.12 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by 91.70%. During the quarter, the company generated -$4.01 million in EBITDA. The liabilities of The Trade Desk Inc. were 2.06 billion at the end of its most recent quarter ended March 30, and its total debt was $253.78 million. The value of shareholders’ equity is $488.85 million.

Technical Picture

This quick technical analysis looks at The Trade Desk Inc.’s (TTD) price momentum. With a historical volatility rate of 27.66%, the RSI 9-day stood at 61.67% on 25 May.

With respect to its five-day moving average, the current The Trade Desk Inc. price is up by +0.91% percent or $0.61. At present, TTD shares trade +4.80% above its 20-day simple moving average and +53.18% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.52% above its SMA50 and -9.17% below its SMA200.

Stochastic coefficient K was 69.28% and Stochastic coefficient D was 70.59%, while ATR was 2.32. Given the Stochastic reading of 77.98% for the 14-day period, the RSI (14) reading has been calculated as 60.69%.

Analyst Ratings

The Trade Desk Inc. (TTD) has been rated Overweight by analysts. According to 2 brokerage firms, TTD is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate The Trade Desk Inc. stock as buy, with 17 recommending it as overweight.

With a median target price of $77.00, the current consensus forecast for the stock is $26.00 – $90.00. Based on these forecasts, analysts predict The Trade Desk Inc. (TTD) will achieve an average price target of $71.62.


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