The price of Trade Desk Inc (NASDAQ:TTD) shares last traded on Wall Street rose 1.75% to $90.88.
TTD stock price is now -5.46% away from the 50-day moving average and 11.54% away from the 200-day moving average. The market capitalization of the company currently stands at $44.45B.
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With the price target of $115, Wolfe Research recently initiated with Outperform rating for Trade Desk Inc (NASDAQ: TTD). On July 15, 2024, Oppenheimer reiterated its ‘Outperform’ rating on the stock by increasing its target price from $105 to quote $120, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Rajaram Gokul, Director sold 1,355 shares of the company’s stock on Jul 22 ’24. The stock was sold for $133,291 at an average price of $98.37. Upon completion of the transaction, the Director now directly owns 32,701 shares in the company, valued at $2.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 09 ’24, Chief Financial Officer Schenkein Laura sold 25,000 shares of the business’s stock. A total of $2,510,750 was realized by selling the stock at an average price of $100.43. This leaves the insider owning 703,038 shares of the company worth $63.89 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 $102.67. 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 $43269967872, which is based on a 225.68 price-to-earnings ratio, a 9.40 price-to-earnings-growth ratio, and a beta of 1.49. The fifty day moving average price for TTD is $96.1962 and a two-hundred day moving average price translates $81.5195 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.
