New Street has recently raised Trade Desk Inc (TTD) stock to Neutral rating, as announced on November 25, 2024, according to Finviz. Earlier, on October 29, 2024, Wells Fargo had initiated the stock to Overweight, setting a price target of $150. New Street also reduced Sell rating with a price target of $86. Additionally, Truist reiterated Buy rating on October 2, 2024, with a target price of $120. Needham analysts, in their report published on October 1, 2024, also reiterated Buy rating and set a price target of $115 for Trade Desk Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Trade Desk Inc (TTD) Stock Trading Recap
On Friday, Trade Desk Inc (TTD) stock saw a modest uptick, ending the day at $128.45 which represents a slight increase of $0.30 or 0.23% from the prior close of $128.15. The stock opened at $128.13 and touched a low of $127.51 during the day, reaching a high of $129.18. The volume of shares traded was 2.21 million falling short of the average volume of 3.19 million.
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TTD Stock Performance and Moving Averages
In recent trading, Trade Desk Inc (TTD) stock price has shown some volatility, fluctuating 0.86% over the last five trades and 5.30% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 38.45%, and it has gained 22.88% in the previous three months. Currently, TTD is trading at 2.59%, 7.86%, and 30.14% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, TTD, a Technology sector stock, is trading -3.17% below its 52-week high but remains 108.95% above its 52-week low. The Average True Range (ATR) (14 days) of 4.13 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Trade Desk Inc’s Profitability and Valuation Ratios
Trade Desk Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 16.29% and a profit margin of 13.34%, with a gross margin of 38.45%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Trade Desk Inc’s market capitalization stands at $63.40 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 208.62, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 66.42. Additionally, the Price-to-Sales Ratio is 27.45, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 24.14, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 9.43% of Trade Desk Inc (TTD)’s shares, while financial institutions hold 71.37%.
Notable insider trades include Schenkein Laura, Chief Financial Officer at Trade Desk Inc (TTD), who sold 3131 shares on Nov 18 ’24, at $117.97 each, totaling $0.37 million. On Nov 07 ’24, Schenkein Laura, Chief Financial Officer, sold 27687 shares for $127.55 each, amounting to $3.53 million. Additionally, on Oct 22 ’24, Schenkein Laura sold 25000 shares at $120.43 each, generating $3.01 million.
