In the last trading session, 5.6 million Trade Desk Inc (NASDAQ:TTD) shares changed hands as the company’s beta touched 1.28. With the company’s per share price at $54.67 changed hands at $0.27 or 0.50% during last session, the market valuation stood at $27.12B. TTD’s last price was a discount, traded about -158.88% off its 52-week high of $141.53. The share price had its 52-week low at $42.96, which suggests the last value was 21.42% up since then. When we look at Trade Desk Inc’s average trading volume, we note the 10-day average is 7.76 million shares, with the 3-month average coming to 11.10 million.
Analysts gave the Trade Desk Inc (TTD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.60. 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 green as seen at the end of in last trading. With action 12.35%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -53.48%, with the 5-day performance at 12.35% in the green. However, in the 30-day time frame, Trade Desk Inc (NASDAQ:TTD) is -2.11% down. Looking at the short shares, we see there were 25.06 million shares sold at short interest cover period of 2.25 days.
The consensus price target for the stock as assigned by Wall Street analysts is 130, meaning bulls need an upside of 57.95% from its current market value. According to analyst projections, TTD’s forecast low is 75 with 145 as the target high. To hit the forecast high, the stock’s price needs a -165.23% plunge from its current level, while the stock would need to soar -37.19% for it to hit the projected low.
Trade Desk Inc (TTD) estimates and forecasts
Year-over-year growth is forecast to reach 16.88% up from the last financial year.
Consensus estimates given by 33 financial analysts project the company’s revenue in the current quarter to hit an average of 575.64M. 32 analysts are of the opinion that Trade Desk Inc’s revenue for the current quarter will be 681.04M. 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 17.18%. The estimates for the next quarter sales put growth at 16.51%.
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 6.02%, but the outlook for the next 5-year period is at 14.45% per year.
TTD Dividends
Trade Desk Inc is expected to release its next quarterly earnings report on 2025-Feb-11.
Trade Desk Inc (NASDAQ:TTD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.67% of Trade Desk Inc shares while 83.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.43%. There are 83.87% institutions holding the Trade Desk Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.641% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund . With 14.09 shares estimated at $770.41 million under it, the former controlled 3.14% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund held about 2.08% of the shares, roughly 9.31 shares worth around $509.1 million.
