Trade Desk Inc (NASDAQ:TTD) shares traded -1.67% lower at $99.82 on Wall Street last session.
TTD stock price is now 6.48% away from the 50-day moving average and 24.28% away from the 200-day moving average. The market capitalization of the company currently stands at $48.82B.
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With the price target of $110, Wedbush recently initiated with Outperform rating for Trade Desk Inc (NASDAQ: TTD). On May 02, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $95 to quote $105, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, GRANT JAY R, Chief Legal Officer sold 141,434 shares of the company’s stock on Jun 28 ’24. The stock was sold for $13,778,463 at an average price of $97.42. Upon completion of the transaction, the Chief Legal Officer now directly owns 188,236 shares in the company, valued at $18.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21 ’24, Director Rajaram Gokul sold 2,415 shares of the business’s stock. A total of $236,477 was realized by selling the stock at an average price of $97.92. This leaves the insider owning 34,056 shares of the company worth $3.4 million. A total of 9.73% 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 $101.62. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.79, and a quick ratio of 1.79. According to the stock market information, the enterprise value for the company is $47642763264, which is based on a 247.88 price-to-earnings ratio, a 10.33 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for TTD is $94.0432 and a two-hundred day moving average price translates $80.4389 for the stock.
The latest earnings results from Trade Desk Inc (NASDAQ: TTD) was released for 2024-03-31. The net profit margin was 9.80% and return on equity was 9.80% for TTD. The company reported revenue of $491.25 million for the quarter, compared to $382.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.33 percent.
