Trade Desk Inc (TTD): Street Finally Waking Up

Currently, there are 445.00M common shares owned by the public and among those 441.54M shares have been available to trade.

The company’s stock has a 5-day price change of 19.52% and 11.99% over the past three months. TTD shares are trading 37.99% year to date (YTD), with the 12-month market performance up to 22.70% higher. It has a 12-month low price of $60.23 and touched a high of $102.67 over the same period. TTD has an average intraday trading volume of 3.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.62%, 4.50%, and 21.29% respectively.

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Institutional ownership of Trade Desk Inc (NASDAQ: TTD) shares accounts for 68.90% of the company’s 445.00M shares outstanding.

It has a market capitalization of $48.57B and a beta (3y monthly) value of 1.46. The stock’s trailing 12-month PE ratio is 195.94, while the earnings-per-share (ttm) stands at $0.51. The company has a PEG of 7.54 and a Quick Ratio of 1.80 with the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.51% over the week and 4.72% over the month.

Earnings per share for the fiscal year are expected to increase by 27.37%, and 16.39% over the next financial year. EPS should grow at an annualized rate of 26.00% over the next five years, compared to 13.20% over the past 5-year period.

Looking at the support for the TTD, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on July 16, 2024, with the firm’s price target at $115. Oppenheimer coverage for the Trade Desk Inc (TTD) stock in a research note released on July 15, 2024 offered a Outperform rating with a price target of $120. Wedbush was of a view on June 17, 2024 that the stock is Outperform, while Jefferies gave the stock Buy rating on May 02, 2024, issuing a price target of $95- $105. BTIG Research on their part issued Buy rating on February 23, 2024.

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