In yesterday’s Wall Street session, Trade Desk Inc (NASDAQ:TTD) shares traded at $127.35, up 2.78% from the previous session.
TTD stock price is now 8.93% away from the 50-day moving average and 30.90% away from the 200-day moving average. The market capitalization of the company currently stands at $62.86B.
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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, Schenkein Laura, Chief Financial Officer sold 3,131 shares of the company’s stock on Nov 18 ’24. The stock was sold for $369,364 at an average price of $117.97. Upon completion of the transaction, the Chief Financial Officer now directly owns 684,867 shares in the company, valued at $87.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Officer LAURA SCHENKEIN bought 3,131 shares of the business’s stock. A total of $369,364 was incurred on buying the stock at an average price of $117.97. A total of 9.44% of the company’s stock is owned by insiders.
During the past 12 months, Trade Desk Inc has had a low of $61.47 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 $59715256320, which is based on a 206.84 price-to-earnings ratio, a 8.62 price-to-earnings-growth ratio, and a beta of 1.43. The fifty day moving average price for TTD is $116.4476 and a two-hundred day moving average price translates $97.00055 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. For the current quarter, analysts expect TTD to generate $759.97M in revenue.
