Trade Desk Inc (NASDAQ:TTD) saw a downside of -1.64% to close Monday at $75.10 after subtracting -$1.25 on the day. The 5-day average trading volume is 3,169,780 shares of the company’s common stock. It has gained $80.96 in the past week and touched a new high 1 time within the past 5 days. An average of 3,049,200 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,847,290.
TTD’s 1-month performance is 0.79% or -$0.81 on its low of $74.27 reached on 09/25/23. The company’s shares have touched a 52-week low of $39.43 and high of $91.85, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, TTD has achieved 67.52% or $30.27 and has reached a new high 27 times. However, the current price is down -18.24% from the 52-week high price.
Insider Transactions
TTD stock investors last saw insider trading activity on Sep 20.Rajaram Gokul (Director) most recently sold 2,999 shares at $79.20 per share on Sep 20. This transaction cost the insider $237,521. President and CEO, Green Jeffrey Terry, sold 4,325 shares at a price of $85.06 on Sep 15. Then, on Sep 14, President and CEO Green Jeffrey Terry sold 75,000 shares at a price of $84.80 per share. This transaction amounted to $6,360,174.
Valuation Metrics
TTD stock has a beta of 1.72. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 21.25 while the price-to-book (PB) in the most recent quarter is 17.77, with the price to cash flow ratio at 62.64.
Trade Desk Inc’s quick ratio for the period ended June 29 was 1.87, with the current ratio over the same period at 1.87. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.10, while the total debt to equity was 0.12. In terms of profitability, the gross margin trailing 12 months is 81.46%. The trailing 12-month EBITDA margin is 13.45% while for the period ending June 29, Trade Desk Inc’s operating margin was 8.50%. The firm’s gross profit as reported stood at $1.3 billion against revenue of $1.58 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 157.89% to $32.94 million, while revenue of $9.33 million was 71.68% off the previous quarter. Analysts expected TTD to announce $0.26 per share in earnings in its latest quarter, but it posted $0.28, representing a 7.70% surprise. EBITDA for the quarter stood at more than $61.74 million. TTD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.28 billion, with total debt at $252.87 million. Shareholders hold equity totaling $490.2 million.
Let’s look briefly at Trade Desk Inc (TTD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 29.06% to suggest the stock is trending oversold, with historical volatility in this time period at 17.78%.
The stock’s 5-day moving average is $76.90, reflecting a -6.95% or -$5.61 change from its current price. TTD is currently trading -1.07% above its 20-day SMA, +20.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.66% and SMA200 by+58.27%.
Stochastic %K and %D was 5.28% and 4.03% and the average true range (ATR) pointed at 2.40. The RSI (14) points at 36.74%, while the 14-day stochastic is at 6.16% with the period’s ATR at 2.49. The stock’s 9-day MACD Oscillator is pointing at -4.20 and -5.94 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Trade Desk Inc (NASDAQ: TTD), William Blair launched coverage with an Outperform rating. Analysts offering their rating for TTD stock have a consensus rating for the stock as Overweight. Currently, 4 brokerage advisors rate TTD as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 20 have offered a “buy” rating.
What is TTD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $28.00 and a high of $105.00, with their median price target at $93.50. Looking at these predictions, the average price target given by analysts is for Trade Desk Inc (TTD) stock is $86.98.
