The Trade Desk, Inc. (NASDAQ:TTD) has a beta value of 2.43 and has seen 1,366,076 shares traded in the last trading session. The company, currently valued at $28.28 Billion, closed the last trade at $605 per share which meant it gained $4.99 on the day or 0.83% during that session. The TTD stock price is -11.57% off its 52-week high price of $675 and 77.52% above the 52-week low of $136. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.2 Million shares traded. The 3-month trading volume is 1.07 Million shares.
The consensus among analysts is that The Trade Desk, Inc. (TTD) is an Overweight stock at the moment, with a recommendation rating of 2.5. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 10 out of 18 have rated it as a Hold, with 7 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.42.
The Trade Desk, Inc. (NASDAQ:TTD) trade information
Sporting 0.83% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Oct 14 when the TTD stock price touched $675 or saw a rise of 10.37%. Year-to-date, The Trade Desk, Inc. shares have moved 132.89%, while the 5-day performance has seen it change -1.32%. Over the past 30 days, the shares of The Trade Desk, Inc. (NASDAQ:TTD) have changed 37.09%. Short interest in the company has seen 4.08 Million shares shorted with days to cover at 3.81.
Wall Street analysts have a consensus price target for the stock at $519.19, which means that the shares’ value could jump -14.18% from current levels. The projected low price target is $257 while the price target rests at a high of $750. In that case, then, we find that the current price level is +23.97% off the targeted high while a plunge would see the stock lose -57.52% from current levels.
The Trade Desk, Inc. (TTD) estimates and forecasts
Figures show that The Trade Desk, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +159.66% over the past 6 months, with this year growth rate of -14.09%, compared to 11.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -44% and -30.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be +10.5%.
17 analysts offering their estimates for the company have set an average revenue estimate of $180.01 Million for the current quarter. 17 have an estimated revenue figure of $251.59 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $163.79 Million and $215.94 Million respectively for this quarter and the next, and analysts expect sales will grow by 9.9% for the current quarter and 16.5% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +54.16% over the past 5 years. Earnings growth for 2020 is a modest +17.7% while over the next 5 years, the company’s earnings are expected to increase by 25%.
The Trade Desk, Inc. (NASDAQ:TTD)’s Major holders
Insiders own 1.92% of the company shares, while shares held by institutions stand at 79.2% with a share float percentage of 80.75%. Investors are also buoyed by the number of investors in a company, with The Trade Desk, Inc. having a total of 530 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 3.81 Million shares worth more than $1.55 Billion. As of June 29, 2020, Vanguard Group, Inc. (The) held 9.12% of shares outstanding.
The other major institutional holder is Morgan Stanley, with the holding of over 3Million shares as of June 29, 2020. The firm’s total holdings are worth over $1.22 Billion and represent 7.19% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Morgan Stanley Inst Fd Inc-Growth Port. As of June 29, 2020, the former fund manager holds about 2.8% shares in the company for having 1166794 shares of worth $474.3 Million while later fund manager owns 858.72 Thousand shares of worth $349.07 Million as of June 29, 2020, which makes it owner of about 2.06% of company’s outstanding stock.