The price of Trade Desk Inc (NASDAQ:TTD) shares last traded on Wall Street fell -5.58% to $125.13.
TTD stock price is now 10.90% away from the 50-day moving average and 32.01% away from the 200-day moving average. The market capitalization of the company currently stands at $58.23B.
With the price target of $150, Wells Fargo recently initiated with Overweight rating for Trade Desk Inc (NASDAQ: TTD). On October 29, 2024, New Street Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $86, while ‘Truist’ rates the stock as ‘Buy’
In other news, LAURA SCHENKEIN, Officer bought 27,687 shares of the company’s stock on Nov 07 ’24. The stock was bought for $3,531,477 at an average price of $127.55. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 22 ’24, Chief Financial Officer Schenkein Laura sold 25,000 shares of the business’s stock. A total of $3,010,750 was realized by selling the stock at an average price of $120.43. This leaves the insider owning 693,953 shares of the company worth $86.83 million. A total of 9.45% of the company’s stock is owned by insiders.
During the past 12 months, Trade Desk Inc has had a low of $60.23 and a high of $132.65. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.85, and a quick ratio of 1.85. According to the stock market information, the enterprise value for the company is $60322353152, which is based on a 203.23 price-to-earnings ratio, a 7.62 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for TTD is $112.8264 and a two-hundred day moving average price translates $94.79125 for the stock.
The latest earnings results from Trade Desk Inc (NASDAQ: TTD) was released for 2024-09-30. The net profit margin was 13.34% and return on equity was 12.89% for TTD. The company reported revenue of $628.02 million for the quarter, compared to $493.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.32 percent.
