Trade Desk Inc (NASDAQ:TTD) shares traded -0.54% lower at $83.34 on Wall Street last session.
TTD stock price is now 0.63% away from the 50-day moving average and 7.73% away from the 200-day moving average. The market capitalization of the company currently stands at $40.75B.
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With the price target enhanced from $91 to $98, BTIG Research maintained Buy rating for Trade Desk Inc (NASDAQ: TTD). , while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Green Jeffrey Terry, President and CEO sold 2,600 shares of the company’s stock on Apr 15 ’24. The stock was sold for $224,666 at an average price of $86.41. Upon completion of the transaction, the President and CEO now directly owns 974,022 shares in the company, valued at $81.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’24, President and CEO Green Jeffrey Terry sold 75,000 shares of the business’s stock. A total of $6,546,437 was realized by selling the stock at an average price of $87.29. This leaves the insider owning 976,622 shares of the company worth $81.39 million. A total of 9.78% of the company’s stock is owned by insiders.
During the past 12 months, Trade Desk Inc has had a low of $59.36 and a high of $94.00. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.72, and a quick ratio of 1.72.
According to the Software – Application Company, earnings per share came in at 0.23, beating analysts’ expectations of 0.12 by 0.11. This compares to $0.14 EPS in the same period last year. The net profit margin was 9.19% and return on equity was 8.36% for TTD. The company reported revenue of $605.8 million for the quarter, compared to $490.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.45 percent. For the current quarter, analysts expect TTD to generate $479.93M in revenue.
