The Trade Desk Inc. (NASDAQ:TTD) had 2.64 million traded shares over the previous session, with the company’s beta value reaching 2.49. The stock ended the trading day at $74.11, down 0.05 percent or $0.04 from the previous day’s close. TTD’s 52-week high is $97.28, down -31.26 percent from that high, but still a stunning 45.49 percent increase since the share price plunged to a 52-week low of $40.40. The company’s market value is $35.94 billion, with an average intraday trading volume of 4.4 million shares in the last 10 days and 9.64 million shares in the last three months.
Analysts unanimously recommended The Trade Desk Inc. (TTD) as an Overweight stock. This equates to a 2.40 average rating. Out of 21 analysts who have looked at TTD, 1 has given it a Sell recommendation. 7 analyst(s) advocate holding the stock, 1 recommends overweighting it, and 12 urge buying it. The stock has been rated Underweight by 0 analyst(s). The current quarter’s earnings per share (EPS) are predicted to be $0.13.
Trade data from The Trade Desk Inc. (NASDAQ:TTD).
The Trade Desk Inc. (TTD) fell -0.05 percent in the most recent session after trading in the green for the previous five. This Thursday, 07/22/21, the stock fell -0.05 percent in intraday trade to $74.11, a weekly high. The stock has moved 14.90 percent in 30 days and has a 5-day price performance of 2.94 percent. The overall pricing performance for the year is 67.17 percent based on these engagements. Short interest in The Trade Desk Inc. (NASDAQ:TTD) is 1.59 million shares, which indicates shorts have 2.2 days to cover their positions.
Wall Street analysts’ consensus price objective is $70.46, implying a -5.18 percent drop from the stock’s present price. The forecast’s extremes result in target low and high prices of $26.90 and $100.00, respectively. As a result, TTD is currently trading at a -34.93 percent discount to the target high and a 63.7 percent discount to the target low.
TTD (The Trade Desk Inc.) predicts and estimations
In comparison to the industry in which it works, statistics suggest that The Trade Desk Inc. has lagged its competitors in terms of share price. The Trade Desk Inc. (TTD) shares have dropped -8.85% in the previous six months, with a year-to-date growth rate of -7.25 percent versus 8.60 percent for the industry. Analysts, on the other hand, are raising their growth forecasts for fiscal year 2021. Revenue is expected to rise 44.40 percent this quarter before falling -7.70 percent the next quarter. Revenue will climb 36.30 percent over the previous financial year, according to the rating firms’ predictions.
According to 17 analysts, revenue for the current quarter will be $257.78 million (s). Meanwhile, sales is expected to climb to $275.29 million by the end of September 2021, according to a consensus of 16 analysts. Sales for the comparable quarters reached $139.36 million and $216.11 million, respectively, according to the earnings report from the previous fiscal year’s results. Analysts predict that revenues will increase by 85.00 percent in the current quarter and then by 27.40 percent in the next quarter.
According to a review of the company’s performance during the last five years, earnings have increased by an estimated 78.80%. While earnings are expected to return 118.30 percent in 2021, they are expected to return 32.00 percent per year over the next five years.
Between August 4 and August 9, The Trade Desk Inc. will release its next quarterly earnings report. It’s crucial to remember, however, that the dividend yield ratio is only a guideline.
Major shareholders of The Trade Desk Inc. (NASDAQ:TTD)
Insiders own 0.69 percent of The Trade Desk Inc.’s total outstanding shares, while institutional investors own 68.72 percent, with a float of 69.19 percent. The company’s largest stakeholder is Vanguard Group, Inc. (The), with 975 institutions owning equity. The corporation held about 3.8 million shares (or 8.84 percent of all shares) valued at $3.05 billion as of December 30, 2020.
Baillie Gifford and Company, with 2.91 million shares, is the second largest institutional position, accounting for approximately 6.77 percent of outstanding shares. These shares were worth $2.33 billion at the market price on December 30, 2020.
Vanguard Total Stock Market Index Fund and Vanguard U.S. Growth Fund are also the Mutual Funds with the greatest holdings of The Trade Desk Inc. (TTD) shares. Vanguard Total Stock Market Index Fund owns around 1.18 million shares, according to data from December 30, 2020. With a market value of $945.73 million, this represents little over 2.74 percent of the company’s total shares. According to the same statistics, the other fund manager owns 1.05 million shares, or 2.44 percent of the stock, which is worth $845.92 million.