In recent trading session, The Trade Desk Inc. (NASDAQ:TTD) saw 0.67 million shares changing hands at last check today with its beta currently measuring 1.77. Company’s recent per share price level of $49.50 trading at -$0.04 or -0.08% at last check today assigns it a market valuation of $24.39B. That most recent trading price of TTD’s stock is at a discount of -123.98% from its 52-week high price of $110.87 and is indicating a premium of 21.21% from its 52-week low price of $39.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.83 million shares which gives us an average trading volume of 5.44 million if we extend that period to 3-months.
For The Trade Desk Inc. (TTD), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 24 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.22 in the current quarter.
The Trade Desk Inc. (NASDAQ:TTD) trade information
Upright in the red during last session for losing -0.08%, in the last five days TTD remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $49.50 price level, adding 4.42% to its value on the day. The Trade Desk Inc.’s shares saw a change of -45.94% in year-to-date performance and have moved -3.66% in past 5-day. The Trade Desk Inc. (NASDAQ:TTD) showed a performance of -14.35% in past 30-days. Number of shares sold short was 15.08 million shares which calculate 2.83 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $61.79 to the stock, which implies a rise of 19.89% to its recent value today. Analysts have been projecting $27.00 as a low price target for the stock while placing it at a high target of $90.00. It follows that stock’s current price would drop -81.82% in reaching the projected high whereas dropping to the targeted low would mean a gain of 45.45% for stock’s current value.
The Trade Desk Inc. (TTD) estimates and forecasts
Statistics highlight that The Trade Desk Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 6.93% of value to its shares in past 6 months, showing an annual growth rate of 14.29% while that of industry is -6.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 22.20% in the current quarter and calculating -14.30% decrease in the next quarter. This year revenue growth is estimated to rise 32.80% from the last financial year’s standing.
19 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $386.08 million for the same. And 19 analysts are in estimates of company making revenue of $509.98 million in the next quarter that will end on Dec 2022. Company posted $283.52 million and $395.6 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 36.20% while estimating it to be 28.90% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 43.30% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -44.10% while estimates for its earnings growth in next 5 years are of 24.00%.
The Trade Desk Inc. is more likely to be releasing its next quarterly report between February 14 and February 20 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
The Trade Desk Inc. (NASDAQ:TTD)’s Major holders
Insiders are in possession of 0.91% of company’s total shares while institution are holding 77.75 percent of that, with stock having share float percentage of 78.46%. Investors also watch the number of corporate investors in a company very closely, which is 77.75% institutions for The Trade Desk Inc. that are currently holding shares of the company. Baillie Gifford and Company is the top institutional holder at TTD for having 47.07 million shares of worth $1.97 billion. And as of Jun 29, 2022, it was holding 10.65% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 40.69 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 9.20% of outstanding shares, having a total worth of $1.7 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard U.S. Growth Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 13.02 million shares of worth $545.43 million or 2.95% of the total outstanding shares. The later fund manager was in possession of 12.15 million shares on May 30, 2022, making its stake of worth around $632.23 million in the company or a holder of 2.75% of company’s stock.