There’s Something Awry at Trade Desk Inc (NASDAQ:TTD) Since Share Price Gets Ahead of Fundamentals

The stock of Trade Desk Inc (NASDAQ:TTD) last traded at $76.81, down -2.57% from the previous session.

Data from the available sources indicates that Trade Desk Inc (NASDAQ:TTD) is covered by 34 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $105.00 and a low of $28.00, we find $95.00. Given the previous closing price of $78.84, this indicates a potential upside of 20.5 percent. TTD stock price is now -2.13% away from the 50-day moving average and 9.24% away from the 200-day moving average. The market capitalization of the company currently stands at $37.65B.

In total, 5 analysts have assigned it a hold rating, and 22 have given it a buy rating. Brokers who have rated the stock have averaged $88.54 as their price target over the next twelve months.

In other news, Green Jeffrey Terry, President and CEO sold 75,000 shares of the company’s stock on Nov 02. The stock was sold for $5,620,745 at an average price of $74.94. Upon completion of the transaction, the President and CEO now directly owns 1,209,221 shares in the company, valued at $92.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01, President and CEO Green Jeffrey Terry sold 55,520 shares of the business’s stock. A total of $3,945,251 was realized by selling the stock at an average price of $71.06. This leaves the insider owning 1,284,221 shares of the company worth $98.64 million. Insiders disposed of 1,549,188 shares of company stock worth roughly $118.99 million over the past 1 year. A total of 9.88% of the company’s stock is owned by insiders.

With an opening price of $79.70 on Thursday morning, Trade Desk Inc (NASDAQ: TTD) set off the trading day. During the past 12 months, Trade Desk Inc has had a low of $39.43 and a high of $91.85. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 1.87, and a quick ratio of 1.87. According to the stock market information, the enterprise value for the company is $36.47B, which is based on a 297.02 price-to-earnings ratio, a 12.38 price-to-earnings-growth ratio, and a beta of 1.68. The fifty day moving average price for TTD is $78.48 and a two-hundred day moving average price translates $70.31 for the stock.

The latest earnings results from Trade Desk Inc (NASDAQ: TTD) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.28, beating analysts’ expectations of $0.26 by 0.02. This compares to -$0.04 EPS in the same period last year. The net profit margin was 7.46% and return on equity was 6.72% for TTD. The company reported revenue of $464.25 million for the quarter, compared to $376.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.16 percent. For the current quarter, analysts expect TTD to generate $487.16M in revenue.

Trade Desk Inc(TTD) Company Profile

The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices. It also provides data and other value-added services. The company serves advertising agencies, brands, and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.

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