In the latest trading session, 2.16 million Trade Desk Inc (NASDAQ:TTD) shares changed hands as the company’s beta touched 1.55. With the company’s most recent per share price at $54.06 changed hands at -$2.44 or -4.32% at last look, the market valuation stands at $26.82B. TTD’s current price is a discount, trading about -161.8% off its 52-week high of $141.53. The share price had its 52-week low at $53.42, which suggests the last value was 1.18% up since then. When we look at Trade Desk Inc’s average trading volume, we note the 10-day average is 14.81 million shares, with the 3-month average coming to 8.25 million.
Analysts gave the Trade Desk Inc (TTD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.64. If we narrow down to specifics, the data shows that 0 out of 26 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended TTD as a Hold, 22 felt it is a Buy and 0 rated the stock as Underweight. Trade Desk Inc’s EPS for the current quarter is expected to be 0.25.
Trade Desk Inc (NASDAQ:TTD) trade information
Instantly TTD was in red as seen in intraday trades today. With action -8.12%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -54.00%, with the 5-day performance at -8.12% in the red. However, in the 30-day time frame, Trade Desk Inc (NASDAQ:TTD) is -32.56% down. Looking at the short shares, we see there were 16.41 million shares sold at short interest cover period of 1.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 139, meaning bulls need an upside of 61.11% from its recent market value. According to analyst projections, TTD’s forecast low is 100 with 150 as the target high. To hit the forecast high, the stock’s price needs a -177.47% plunge from its current level, while the stock would need to soar -84.98% for it to hit the projected low.
Trade Desk Inc (TTD) estimates and forecasts
Year-over-year growth is forecast to reach 18.30% up from the last financial year.
Consensus estimates given by 30 financial analysts project the company’s revenue in the current quarter to hit an average of 575.92M. 30 analysts are of the opinion that Trade Desk Inc’s revenue for the current quarter will be 690.46M. The company’s revenue for the corresponding quarters a year ago was 491.25M and 584.55M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.24%. The estimates for the next quarter sales put growth at 18.12%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 28.15%. The 2025 estimates are for Trade Desk Inc earnings to increase by 7.68%, but the outlook for the next 5-year period is at 15.05% per year.
Trade Desk Inc (NASDAQ:TTD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.00% of Trade Desk Inc shares while 82.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.87%. There are 82.66% institutions holding the Trade Desk Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.6552% of the shares, roughly 42.29 million TTD shares worth $4.13 billion.
BAILLIE GIFFORD & CO holds the second largest percentage of outstanding shares, with 7.5601% or 37.0 million shares worth $3.61 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 14.09 shares estimated at $764.49 million under it, the former controlled 3.11% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.06% of the shares, roughly 9.31 shares worth around $505.19 million.
