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As of close of business last night, Trade Desk Inc’s stock clocked out at $80.13, down -2.44% from its previous closing price of $82.13. In other words, the price has decreased by -$2.44 from its previous closing price. On the day, 1.84 million shares were traded. TTD stock price reached its highest trading level at $82.64 during the session, while it also had its lowest trading level at $80.1.
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 28.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 71.04. For the most recent quarter (mrq), Quick Ratio is recorded 1.72 and its Current Ratio is at 1.72. 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, BTIG Research on February 23, 2024, Reiterated its Buy rating but revised its target price to $98 from $91 previously.
Wells Fargo reiterated its Overweight rating for the stock on January 17, 2024, while the target price for the stock was revised from $73 to $80.
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 Apr 15 ’24 when Green Jeffrey Terry sold 2,600 shares for $86.41 per share. The transaction valued at 224,666 led to the insider holds 974,022 shares of the business.
Green Jeffrey Terry sold 75,000 shares of TTD for $6,546,437 on Apr 04 ’24. The President and CEO now owns 976,622 shares after completing the transaction at $87.29 per share. On Apr 03 ’24, another insider, Green Jeffrey Terry, who serves as the President and CEO of the company, sold 66,007 shares for $87.38 each. As a result, the insider received 5,767,692 and left with 1,051,622 shares of the company.
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 39161774080 and an Enterprise Value of 38034112512. As of this moment, Trade’s Price-to-Earnings (P/E) ratio for their current fiscal year is 223.95, and their Forward P/E ratio for the next fiscal year is 45.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.13 while its Price-to-Book (P/B) ratio in mrq is 18.10. Its current Enterprise Value per Revenue stands at 19.544 whereas that against EBITDA is 142.504.
Stock Price History:
The Beta on a monthly basis for TTD is 1.50, which has changed by 0.28784955 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, TTD has reached a high of $94.00, while it has fallen to a 52-week low of $59.36. The 50-Day Moving Average of the stock is -1.83%, while the 200-Day Moving Average is calculated to be 3.73%.
Shares Statistics:
It appears that TTD traded 4.56M shares on average per day over the past three months and 2496310 shares per day over the past ten days. A total of 445.00M shares are outstanding, with a floating share count of 441.09M. Insiders hold about 9.79% of the company’s shares, while institutions hold 69.37% stake in the company. Shares short for TTD as of 1711584000 were 9137943 with a Short Ratio of 2.00, compared to 1709164800 on 9875575. Therefore, it implies a Short% of Shares Outstanding of 9137943 and a Short% of Float of 2.32.
Earnings Estimates
The performance of Trade Desk Inc (TTD) in the stock market is under the watchful eye of 17 analysts actively contributing to its current rating.On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.26 and a low estimate of $0.17, while EPS last year was $0.23. The consensus estimate for the next quarter is $0.33, with high estimates of $0.39 and low estimates of $0.27.
Analysts are recommending an EPS of between $1.68 and $1.22 for the fiscal current year, implying an average EPS of $1.48. EPS for the following year is $1.77, with 19 analysts recommending between $2.12 and $1.4.
Revenue Estimates
In the current quarter, 25 analysts expect revenue to total $479.93M. It ranges from a high estimate of $490M to a low estimate of $478M. As of the current estimate, Trade Desk Inc’s year-ago sales were $382.8M, an estimated increase of 25.40% from the year-ago figure. For the next quarter, 25 analysts are estimating revenue of $565.76M, an increase of 21.90% less than the figure of $25.40% in the same quarter last year. There is a high estimate of $585.6M for the next quarter, whereas the lowest estimate is $540.22M.
A total of 31 analysts have provided revenue estimates for TTD’s current fiscal year. The highest revenue estimate was $2.47B, while the lowest revenue estimate was $2.3B, resulting in an average revenue estimate of $2.39B. In the same quarter a year ago, actual revenue was $1.95B, up 22.70% from the average estimate. Based on 30 analysts’ estimates, the company’s revenue will be $2.86B in the next fiscal year. The high estimate is $3.14B and the low estimate is $2.28B. The average revenue growth estimate for next year is up 19.60% from the average revenue estimate for this year.
