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As of close of business last night, Trade Desk Inc’s stock clocked out at $98.69, up 0.38% from its previous closing price of $98.32. In other words, the price has increased by $0.38 from its previous closing price. On the day, 3.44 million shares were traded. TTD stock price reached its highest trading level at $100.33 during the session, while it also had its lowest trading level at $97.43.
Ratios:
To gain a deeper understanding of TTD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 98.55. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wolfe Research on July 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $115.
On July 15, 2024, Oppenheimer reiterated its Outperform rating and also lowered its target price recommendation from $105 to $120.
On June 17, 2024, Wedbush started tracking the stock assigning a Outperform rating and target price of $110.Wedbush initiated its Outperform rating on June 17, 2024, with a $110 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 12 ’24 when Jacobson Samantha sold 21,162 shares for $99.50 per share. The transaction valued at 2,105,619 led to the insider holds 108,039 shares of the business.
Kathryn Falberg bought 200,000 shares of TTD for $19,408,000 on Aug 13 ’24. On Aug 12 ’24, another insider, Jacobson Samantha, who serves as the Officer of the company, bought 21,162 shares for $99.50 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TTD now has a Market Capitalization of 48513830912 and an Enterprise Value of 47271636992. As of this moment, Trade’s Price-to-Earnings (P/E) ratio for their current fiscal year is 194.73, and their Forward P/E ratio for the next fiscal year is 52.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.20 while its Price-to-Book (P/B) ratio in mrq is 20.17. Its current Enterprise Value per Revenue stands at 21.735 whereas that against EBITDA is 125.999.
Stock Price History:
Over the past 52 weeks, TTD has reached a high of $102.67, while it has fallen to a 52-week low of $60.23. The 50-Day Moving Average of the stock is 3.59%, while the 200-Day Moving Average is calculated to be 20.01%.
Shares Statistics:
It appears that TTD traded 3.82M shares on average per day over the past three months and 5414740 shares per day over the past ten days. A total of 445.00M shares are outstanding, with a floating share count of 441.54M. Insiders hold about 9.73% of the company’s shares, while institutions hold 70.26% stake in the company. Shares short for TTD as of 1722384000 were 9816440 with a Short Ratio of 2.57, compared to 1719532800 on 10162227. Therefore, it implies a Short% of Shares Outstanding of 9816440 and a Short% of Float of 2.21.
Earnings Estimates
The current rating of Trade Desk Inc (TTD) reflects the combined expertise of 17.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is $0.55, with high estimates of $0.63 and low estimates of $0.45.
Analysts are recommending an EPS of between $1.73 and $1.44 for the fiscal current year, implying an average EPS of $1.6. EPS for the following year is $1.9, with 19.0 analysts recommending between $2.18 and $1.48.
Revenue Estimates
In the current quarter, 26 analysts expect revenue to total $619.11M. It ranges from a high estimate of $625M to a low estimate of $614.5M. As of the current estimate, Trade Desk Inc’s year-ago sales were $487.04MFor the next quarter, 26 analysts are estimating revenue of $748.5M. There is a high estimate of $767.5M for the next quarter, whereas the lowest estimate is $709.29M.
A total of 33 analysts have provided revenue estimates for TTD’s current fiscal year. The highest revenue estimate was $2.47B, while the lowest revenue estimate was $2.4B, resulting in an average revenue estimate of $2.44B. In the same quarter a year ago, actual revenue was $1.95BBased on 33 analysts’ estimates, the company’s revenue will be $2.93B in the next fiscal year. The high estimate is $3.11B and the low estimate is $2.53B.
