In yesterday’s Wall Street session, Trade Desk Inc (NASDAQ:TTD) shares traded at $98.69, up 0.38% from the previous session.
TTD stock price is now 3.59% away from the 50-day moving average and 20.01% away from the 200-day moving average. The market capitalization of the company currently stands at $48.27B.
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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, Jacobson Samantha, Chief Strategy Officer sold 21,162 shares of the company’s stock on Aug 12 ’24. The stock was sold for $2,105,619 at an average price of $99.50. Upon completion of the transaction, the Chief Strategy Officer now directly owns 108,039 shares in the company, valued at $10.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 13 ’24, Affiliate Kathryn Falberg bought 200,000 shares of the business’s stock. A total of $19,408,000 was incurred on buying the stock at an average price of $97.04. 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 1.80, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $47271636992, which is based on a 194.73 price-to-earnings ratio, a 7.49 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for TTD is $95.3854 and a two-hundred day moving average price translates $82.399 for the stock.
The latest earnings results from Trade Desk Inc (NASDAQ: TTD) was released for 2024-06-30. The net profit margin was 11.65% and return on equity was 11.32% for TTD. The company reported revenue of $584.55 million for the quarter, compared to $464.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.91 percent.
