At the time of writing, Trade Desk Inc [TTD] stock is trading at $87.70, up 1.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TTD shares have gain 3.71% over the last week, with a monthly amount glided 9.04%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, The Trade Desk Reports Fourth Quarter and Fiscal Year 2023 Financial Results. In a post published today on Yahoo Finance, The Trade Desk also announced an additional share repurchase authorization, bringing the total amount of authorized future repurchases to $700 million of its Class A common stock.
From an analyst’s perspective:
Trade Desk Inc [NASDAQ: TTD] stock has seen the most recent analyst activity on February 23, 2024, when BTIG Research reiterated its Buy rating and also boosted its price target to $98 from $91. On January 17, 2024, Wells Fargo reiterated its Overweight rating and revised its price target to $80 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $88 on January 09, 2024. HSBC Securities initiated its recommendation with a Buy. New Street upgraded its rating to Neutral for this stock on November 02, 2023. In a note dated October 24, 2023, Loop Capital initiated an Buy rating and provided a target price of $95 on this stock.
For the past year, the stock price of Trade Desk Inc fluctuated between $59.36 and $94.00. Currently, Wall Street analysts expect the stock to reach $84.23 within the next 12 months. Trade Desk Inc [NASDAQ: TTD] shares were valued at $87.70 at the most recent close of the market. An investor can expect a potential drop of -3.96% based on the average TTD price forecast.
Analyzing the TTD fundamentals
According to Trade Desk Inc [NASDAQ:TTD], the company’s sales were 1.95B for trailing twelve months, which represents an 23.45% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 86.37 points at the first support level, and at 85.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.50, and for the 2nd resistance point, it is at 89.31.
Trade Desk Inc [TTD] reported earnings per share of $0.41 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.43/share, meaning a difference of -$0.02 and a surprise factor of -4.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.33 per share as compared to estimates of $0.29 per share, a difference of $0.04 representing a surprise of 13.80%.
Ratios To Look Out For
It is important to note that Trade Desk Inc [NASDAQ:TTD] has a current ratio of 1.72. Also, the Quick Ratio is 1.72, while the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 22.03, the price to book ratio is 19.81 and price to earnings (TTM) ratio is 245.11.
Transactions by insiders
Recent insider trading involved Green Jeffrey Terry, President and CEO, that happened on Apr 04 ’24 when 75000.0 shares were sold. President and CEO, Green Jeffrey Terry completed a deal on Apr 03 ’24 to sell 66007.0 shares. Meanwhile, President and CEO Green Jeffrey Terry sold 75000.0 shares on Mar 25 ’24.
