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Trade Desk (TTD) Stock Price, News & Analysis

Trade Desk logo
$120.21
-1.77 (-1.45%)
(As of 10/31/2024 ET)

About Trade Desk Stock (NASDAQ:TTD)

Key Stats

Today's Range
$117.79
$121.56
50-Day Range
$99.32
$121.98
52-Week Range
$60.23
$123.85
Volume
3.45 million shs
Average Volume
3.76 million shs
Market Capitalization
$58.80 billion
P/E Ratio
240.42
Dividend Yield
N/A
Price Target
$115.60
Consensus Rating
Moderate Buy

Company Overview

The Trade Desk, Inc. is a California-based technology company that has emerged as a leader in the digital advertising industry. Founded in 2009, the company provides a self-service platform that enables advertisers to create, manage and optimize their advertising campaigns across various channels, including display, video, audio, and mobile. By offering a transparent and open platform, The Trade Desk aims to empower buyers of digital advertising to make informed decisions and achieve their goals.

With its headquarters in Ventura, California, The Trade Desk has established a global presence with offices in the United States, Europe, and Asia. This widespread reach allows the company to cater to advertisers across different regions and tap into diverse markets.

The Trade Desk's platform offers advertisers a comprehensive range of features and services. These include campaign management, allowing advertisers to efficiently handle and optimize their campaigns across multiple channels. Additionally, the platform offers audience targeting capabilities, enabling advertisers to direct their ads to specific audiences based on demographics, interests, and behavior. The Trade Desk also provides robust reporting and analytics tools that give advertisers detailed insights into their campaigns' performance, helping them make data-driven decisions. Notably, the company prides itself on its commitment to transparency, providing advertisers with visibility into the delivery and measurement of their ads.

The Trade Desk's target market encompasses advertisers of all sizes, from small businesses to large corporations, spanning a wide range of industries such as retail, finance, technology, and healthcare. Some notable customers of The Trade Desk include industry giants like Amazon, Coca-Cola, Ford Motor Company, Nike, and Visa. The company's ability to attract such high-profile clients is a testament to its platform's effectiveness and appeal.

The Trade Desk's achievements and recognition within the industry further solidify its position as a leader. In 2022, the company secured a spot on the prestigious Forbes Cloud 100 list, recognizing the most innovative cloud companies worldwide. 

Under the leadership of Jeff Green, the founder and Chief Executive Officer, The Trade Desk's management team combines expertise and experience in the digital advertising industry. Green is a seasoned entrepreneur who has previously founded or co-founded successful technology companies. This strong leadership, coupled with a team of experienced executives, bolsters the company's ability to navigate the ever-evolving landscape of digital advertising.

The Trade Desk has demonstrated its profitability since its inception. In 2022, the company reported $1.58 billion in revenue and $53.39 million in net income, highlighting its consistent growth. Over the past five years, The Trade Desk has achieved a compound annual growth rate of 40% in revenue. With such financial performance, the company has attracted significant attention from investors.

The Trade Desk's stock price has exhibited volatility in recent years, experiencing a decline of around 50% from its peak in 2021. However, the stock price has rebounded recently. This resilience suggests that investors are regaining confidence in the company's prospects.

The digital advertising industry itself is poised for significant growth. Projections indicate that the global digital advertising market will reach $500 billion by 2025, presenting substantial opportunities for The Trade Desk. With its history of innovation and its position as the leading independent ad-tech platform worldwide, the company is well-positioned to capitalize on this growth. The Trade Desk's commitment to research and development ensures it stays ahead of the competition and continues offering its clients cutting-edge solutions.

The Trade Desk faces several risks and challenges in the highly dynamic digital advertising landscape. One of the primary risks is the ever-changing preferences of consumers. Advertisers must constantly adapt their strategies to engage with consumers who are increasingly selective about the content they consume and the advertisements they engage with. The Trade Desk needs to stay agile and innovative to address these shifting preferences and ensure that its platform effectively reaches and resonates with target audiences.

Another significant challenge for The Trade Desk is the intense competition from industry giants like Google and Facebook. These tech behemoths have substantial resources and market presence, allowing them to offer comprehensive advertising solutions within their ecosystems. The Trade Desk must differentiate itself by emphasizing its independence, transparency, and specialized offerings. It needs to continuously innovate and provide unique value propositions to retain its market share and attract advertisers who seek alternatives to the walled gardens of Google and Facebook.

Trade Desk Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
65th Percentile Overall Score

TTD MarketRank™: 

Trade Desk scored higher than 65% of companies evaluated by MarketBeat, and ranked 322nd out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Trade Desk has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 23 buy ratings, 3 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Trade Desk has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Trade Desk's stock forecast and price target.
  • Earnings Growth

    Earnings for Trade Desk are expected to grow by 39.53% in the coming year, from $0.86 to $1.20 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Trade Desk is 240.42, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 135.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Trade Desk is 240.42, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 271.14.

  • Price to Earnings Growth Ratio

    Trade Desk has a PEG Ratio of 5.75. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Trade Desk has a P/B Ratio of 27.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Trade Desk's valuation and earnings.
  • Percentage of Shares Shorted

    2.43% of the outstanding shares of Trade Desk have been sold short.
  • Short Interest Ratio / Days to Cover

    Trade Desk has a short interest ratio ("days to cover") of 4.
  • Change versus previous month

    Short interest in Trade Desk has recently increased by 8.11%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Trade Desk does not currently pay a dividend.

  • Dividend Growth

    Trade Desk does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.43% of the outstanding shares of Trade Desk have been sold short.
  • Short Interest Ratio / Days to Cover

    Trade Desk has a short interest ratio ("days to cover") of 4.
  • Change versus previous month

    Short interest in Trade Desk has recently increased by 8.11%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Trade Desk has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 27 news articles for Trade Desk this week, compared to 14 articles on an average week.
  • Search Interest

    60 people have searched for TTD on MarketBeat in the last 30 days. This is an increase of 114% compared to the previous 30 days.
  • MarketBeat Follows

    25 people have added Trade Desk to their MarketBeat watchlist in the last 30 days. This is an increase of 47% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Trade Desk insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $170,121,565.00 in company stock.

  • Percentage Held by Insiders

    10.18% of the stock of Trade Desk is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    67.77% of the stock of Trade Desk is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Trade Desk's insider trading history.
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TTD Stock News Headlines

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New Street Research Downgrades Trade Desk (NASDAQ:TTD) to Sell
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TTD Stock Analysis - Frequently Asked Questions

Trade Desk's stock was trading at $71.96 at the start of the year. Since then, TTD shares have increased by 67.1% and is now trading at $120.21.
View the best growth stocks for 2024 here
.

The Trade Desk, Inc. (NASDAQ:TTD) released its quarterly earnings results on Thursday, August, 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm's revenue for the quarter was up 25.9% compared to the same quarter last year.

Trade Desk shares split on the morning of Wednesday, June 9th 2021. The 10-1 split was announced on Monday, May 10th 2021. The newly minted shares were payable to shareholders after the market closes on Thursday, June 17th 2021. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

Trade Desk (TTD) raised $70 million in an initial public offering (IPO) on Wednesday, September 21st 2016. The company issued 4,700,000 shares at $14.00-$16.00 per share. Citigroup, Jefferies and RBC Capital Markets served as the underwriters for the IPO and Needham & Company and Raymond James were co-managers.

Top institutional shareholders of Trade Desk include International Assets Investment Management LLC (0.32%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.27%), Congress Asset Management Co. (0.21%) and US Bancorp DE (0.20%). Insiders that own company stock include Laura Schenkein, David Randall Pickles, Kathryn E Falberg, Blake Jeffrey Grayson, Jay R Grant, Lise J Buyer, Samantha Jacobson, David B Wells, Gokul Rajaram, Jeffrey Terry Green, Andrea Lee Cunningham and Eric B Paley.
View institutional ownership trends
.

Shares of TTD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Trade Desk investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), CrowdStrike (CRWD), Advanced Micro Devices (AMD), Shopify (SHOP) and PayPal (PYPL).

Company Calendar

Last Earnings
8/08/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
Computer Software
Current Symbol
NASDAQ:TTD
Fax
N/A
Employees
3,115
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$115.60
High Stock Price Target
$150.00
Low Stock Price Target
$57.00
Potential Upside/Downside
-3.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
29 Analysts

Profitability

Net Income
$178.94 million
Pretax Margin
17.30%

Debt

Sales & Book Value

Annual Sales
$2.17 billion
Cash Flow
$0.53 per share
Book Value
$4.43 per share

Miscellaneous

Free Float
443,797,000
Market Cap
$58.80 billion
Optionable
Optionable
Beta
1.48

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This page (NASDAQ:TTD) was last updated on 10/31/2024 by MarketBeat.com Staff
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