Stocks of Trade Desk Inc (NASDAQ:TTD) traded higher last session on Wall Street, down -2.98% to $118.94.
TTD stock price is now -5.24% away from the 50-day moving average and 11.08% away from the 200-day moving average. The market capitalization of the company currently stands at $58.71B.
With the price target of $150, JMP Securities recently initiated with Mkt Outperform rating for Trade Desk Inc (NASDAQ: TTD). On January 15, 2025, BMO Capital Markets reiterated its ‘Outperform’ rating on the stock by increasing its target price from $125 to quote $160, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, Jacobson Samantha, Chief Strategy Officer sold 4,298 shares of the company’s stock on Jan 28 ’25. The stock was sold for $509,551 at an average price of $118.56. Upon completion of the transaction, the Chief Strategy Officer now directly owns 90,709 shares in the company, valued at $10.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 30 ’25, Officer Green Jeffrey Terry bought 16,357 shares of the business’s stock. A total of $1,985,474 was incurred on buying the stock at an average price of $121.38. A total of 9.41% of the company’s stock is owned by insiders.
During the past 12 months, Trade Desk Inc has had a low of $66.56 and a high of $141.53. 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 $57267130368, which is based on a 193.18 price-to-earnings ratio, a 8.01 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for TTD is $125.6508 and a two-hundred day moving average price translates $106.9123 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.
