In today’s recent session, 2.8 million shares of the Trade Desk Inc (NASDAQ:TTD) have been traded, and its beta is 1.31. Most recently the company’s share price was $48.26, and it changed around -$0.38 or -0.79% from the last close, which brings the market valuation of the company to $23.94B. TTD at last check was trading at a discount to its 52-week high of $141.53, offering almost -193.27% off that amount. The share price’s 52-week low was $42.96, which indicates that the recent value has risen by an impressive 10.98% since then. We note from Trade Desk Inc’s average daily trading volume that its 10-day average is 12.38 million shares, with the 3-month average coming to 10.51 million.
Trade Desk Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.59. If we narrow it down even further, the data shows that 1 out of 37 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 8 recommended TTD as a Hold, whereas 22 deemed it a Buy, and 0 rated it as Underweight. Trade Desk Inc is expected to report earnings per share of 0.25 for the current quarter.
Trade Desk Inc (NASDAQ:TTD) trade information
Instantly TTD has been showing red trend so far today with a performance of -0.79% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 54.72 on recent trading dayincreased the stock’s daily price by 11.81%. The company’s shares are currently down -58.94% year-to-date, but still up 6.60% over the last five days. On the other hand, Trade Desk Inc (NASDAQ:TTD) is -14.59% down in the 30-day period. We can see from the shorts that 22.62 million shares have been sold at a short interest cover period of 1.89 day(s).
The consensus price target as assigned by Wall Street analysts is $139, which translates to bulls needing to increase their stock price by 65.28% from its current value. Analyst projections state that TTD is forecast to be at a low of $125 and a high of $150.
Trade Desk Inc (TTD) estimates and forecasts
The year-over-year growth rate is expected to be 17.64%, up from the previous year.
Consensus estimates provided by 31 financial analysts predict the company will bring in an average of 575.95M in revenue for the current quarter. 30 analysts expect Trade Desk Inc to make 684.33M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 491.25M and 584.55M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 17.24%. Forecasts for the next quarter put sales growth at 17.07%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 28.15%. Trade Desk Inc earnings are expected to increase by 7.86% in 2025, but the outlook is positive 16.28% per year for the next five years.
TTD Dividends
Trade Desk Inc’s next quarterly earnings report is expected to be released on 2025-Feb-11.
Trade Desk Inc (NASDAQ:TTD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.59% of Trade Desk Inc shares, and 83.72% of them are in the hands of institutional investors. The stock currently has a share float of 84.22%. Trade Desk Inc stock is held by 1598.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.6552% of the shares, which is about 42.29 million shares worth $4.13 billion.
BAILLIE GIFFORD & CO, with 7.5601% or 37.0 million shares worth $3.61 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 14.09 shares worth $681.97 million, making up 3.14% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund held roughly 9.31 shares worth around $450.66 million, which represents about 2.08% of the total shares outstanding.
