Healthy Upside Potential: Trade Desk Inc (TTD)

With 5.43 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.99 shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $72.57 whereas the lowest price it dropped to was $70.78. The 52-week range on TTD shows that it touched its highest point at $91.85 and its lowest point at $47.68 during that stretch. It currently has a 1-year price target of $78.94. Beta for the stock currently stands at 1.46.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TTD was up-trending over the past week, with a rise of 1.87%, but this was up by 4.13% over a month. Three-month performance dropped to -9.55% while six-month performance fell -7.50%. The stock gained 37.80% in the past year, while it has lost -0.90% so far this year. A look at the trailing 12-month EPS for TTD yields 0.31 with Next year EPS estimates of 1.39. For the next quarter, that number is 0.41. This implies an EPS growth rate of 17.71% for this year and 13.19% for next year. EPS is expected to grow by 24.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -1.47%.

Float and Shares Shorts:

At present, 446.46 million TTD shares are outstanding with a float of 441.64 million shares on hand for trading. On Jan 31, 2024, short shares totaled 13.66 million, which was 2.79% higher than short shares on Dec 29, 2023. In addition to Mr. Jeffrey Terry Green as the firm’s Co-Founder, Chairman, President & CEO, Mr. Jay R. Grant serves as its Chief Legal Officer & Secretary.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TTD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TTD analysts setting a high price target of $100.00 and a low target of $30.00, the average target price over the next 12 months is $78.94. Based on these targets, TTD could surge 40.23% to reach the target high and fall by -57.93% to reach the target low. Reaching the average price target will result in a growth of 10.7% from current levels.

Summary of Insider Activity:

Insiders traded TTD stock several times over the past three months with 6 Buys and 14 Sells. In these transactions, 677,898 shares were bought while 368,853 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 104 over the past year. The total number of shares bought during that period was 1,869,581 while 2,189,988 shares were sold.