Recent trade makes Trade Desk Inc (TTD) Stock an appealing buy

Wedbush raised the price target for the Trade Desk Inc (NASDAQ:TTD) stock to “an Outperform”. The rating was released on June 17, 2024, according to finviz. We previously noted in another research note published on May 02, 2024 by Jefferies that upgraded the stock from a Hold to a Buy with a price target of $105 for TTD stock. The research report from BTIG Research has reiterated the stock to Buy, with a price target set at $98. In their research brief published January 17, 2024, Wells Fargo analysts reiterated the Trade Desk Inc stock to Overweight with a price target of $80.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -0.18% within the last five trades and -0.23% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 28.63% in the last 6 months and 16.54% was added to its value over the previous 3 months. TTD stock is trading at a margin of 2.29%, 8.49% and 22.65% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.


As of the close of trading, TTD deals in the Technology domain. The stock is trading -2.27 percent below its 52-week high and 61.51 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 30.9. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Trade Desk Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 12.29 percent and the profit margin is 9.80 percent, and the company has reported a gross margin of 81.29 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $47.58 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Trade Desk Inc (NASDAQ:TTD) is 241.57. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 55.37. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 23.16 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 21.94, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 9.73 percent of Trade Desk Inc shares are owned by insiders, and 68.52 percent are held by financial institutions. Schenkein Laura, the Chief Financial Officer at Trade Desk Inc (TTD) has sold 43,705 shares of firm on Jun 14 ’24 at a price of $95.38 against the total amount of $4.17 million. In another inside trade, Green Jeffrey Terry, President and CEO of Trade Desk Inc (NASDAQ:TTD) sold 63,936 shares of the firm on Apr 30 ’24 for a total worth of $5.38 million at a price of $84.08. An inside trade which took place on Apr 29 ’24, President and CEO of Trade Desk Inc Green Jeffrey Terry sold 75,000 shares of firm against total price of $6.34 million at the cost of $84.47 per share.

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