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NASDAQ:TTD

Trade Desk - TTD Stock Forecast, Price & News

$73.74
-1.67 (-2.21%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$72.61
$75.43
50-Day Range
$41.21
$75.41
52-Week Range
$39.00
$114.09
Volume
4.73 million shs
Average Volume
6.77 million shs
Market Capitalization
$35.75 billion
P/E Ratio
1,053.58
Dividend Yield
N/A
Price Target
$82.19

Trade Desk MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
13.6% Upside
$83.75 Price Target
Short Interest
Healthy
4.00% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.34mentions of Trade Desk in the last 14 days
Based on 37 Articles This Week
Insider Trading
Acquiring Shares
$801,675 Bought Last Quarter
Proj. Earnings Growth
92.86%
From $0.28 to $0.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Computer And Technology Sector

97th out of 664 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

8th out of 66 stocks

TTD stock logo

About Trade Desk (NASDAQ:TTD) Stock

Trade Desk, Inc. operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV. It also provides data and other value-added services. The company serves advertising agencies and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $75.41 on Tuesday. The firm has a fifty day moving average price of $48.97 and a 200-day moving average price of $59.07. The stock has a market cap of $36.56 billion, a PE ratio of 1,077.44, a price-to-earnings-growth ratio of 11.29 and a beta of 2.10. Trade Desk has a 1 year low of $39.00 and a 1 year high of $114.09.

Trade Desk (NASDAQ:TTD - Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The firm had revenue of $376.96 million during the quarter, compared to analysts' expectations of $365.20 million. Trade Desk had a return on equity of 2.16% and a net margin of 2.43%. The business's revenue for the quarter was up 34.6% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. On average, research analysts expect that Trade Desk will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTD. Needham & Company LLC upped their price objective on shares of Trade Desk from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, August 10th. Jefferies Financial Group reduced their price target on shares of Trade Desk from $75.00 to $65.00 in a research report on Thursday, August 4th. Evercore ISI boosted their price target on shares of Trade Desk to $75.00 in a research report on Monday. Susquehanna Bancshares reduced their price target on shares of Trade Desk from $125.00 to $95.00 in a research report on Wednesday, May 11th. Finally, Royal Bank of Canada cut their price objective on shares of Trade Desk from $85.00 to $75.00 in a report on Thursday, August 4th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.24.

Insider Transactions at Trade Desk

In other news, CFO Blake Jeffrey Grayson sold 3,676 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $72.50, for a total value of $266,510.00. Following the completion of the sale, the chief financial officer now directly owns 197,858 shares of the company's stock, valued at $14,344,705. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Blake Jeffrey Grayson sold 3,676 shares of the firm's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $72.50, for a total transaction of $266,510.00. Following the completion of the transaction, the chief financial officer now directly owns 197,858 shares of the company's stock, valued at $14,344,705. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Wells bought 17,500 shares of the business's stock in a transaction that occurred on Wednesday, May 25th. The shares were bought at an average cost of $45.81 per share, with a total value of $801,675.00. Following the completion of the purchase, the director now directly owns 106,570 shares of the company's stock, valued at approximately $4,881,971.70. The disclosure for this purchase can be found here. Corporate insiders own 10.79% of the company's stock.

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TTD Stock News Headlines

3 Blowout Earnings Reports That Could Mark Turning Points (TTD)
Based on the market’s reactions, we could someday look back at Q2 earnings as a major inflection point for these three stocks.
The Trade Desk Proves Digital Advertising Is Not Dead
Digital advertising technology (AdTech) company The Trade Desk (NYSE: TTD) stock took a dump when digital advertising networks signaled the slowdown.
Tailor an Options Trading Strategy to Fit Your Needs
This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile. Take your trading to the next level with the Options Strategy Guide. pixel
Trade Desk (NASDAQ:TTD) PT Raised to $70.00 at DA Davidson
WARNING: Do You Invest with these Banks
Take a close look at these investment banks. Because if you own stocks with any of these brokerages... This new political development WILL affect you. If you invest with any of these brokerage firms, click here to see how to protect your portfolio from this new conflict. pixel
Trade Desk (NASDAQ:TTD) PT Raised to $78.00 at Oppenheimer
Trade Desk (NASDAQ:TTD) PT Raised to $70.00 at KeyCorp
The Trade Desk Gaps Higher But What Does That Do to the Charts?
Trade Desk Revenue Soars in Standout Quarter
Why The Trade Desk Stock Exploded Higher This Morning
See More Headlines
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TTD Company Calendar

Last Earnings
8/09/2022
Today
8/16/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:TTD
Fax
N/A
Employees
1,967
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$83.75
High Stock Price Forecast
$108.00
Low Stock Price Forecast
$59.00
Forecasted Upside/Downside
+11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
19 Analysts

Profitability

Net Income
$137.76 million
Pretax Margin
2.67%

Debt

Sales & Book Value

Annual Sales
$1.20 billion
Cash Flow
$0.37 per share
Book Value
$3.16 per share

Miscellaneous

Free Float
432,520,000
Market Cap
$35.75 billion
Optionable
Optionable
Beta
2.10

Social Links















TTD Stock - Frequently Asked Questions

Should I buy or sell Trade Desk stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Trade Desk in the last twelve months. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TTD shares.
View TTD analyst ratings
or view top-rated stocks.

What is Trade Desk's stock price forecast for 2022?

18 brokerages have issued 12-month price objectives for Trade Desk's shares. Their TTD share price forecasts range from $59.00 to $108.00. On average, they anticipate the company's stock price to reach $83.75 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
View analysts price targets for TTD
or view top-rated stocks among Wall Street analysts.

How have TTD shares performed in 2022?

Trade Desk's stock was trading at $91.64 at the beginning of 2022. Since then, TTD stock has decreased by 19.5% and is now trading at $73.74.
View the best growth stocks for 2022 here
.

When is Trade Desk's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our TTD earnings forecast
.

How were Trade Desk's earnings last quarter?

The Trade Desk, Inc. (NASDAQ:TTD) announced its quarterly earnings results on Tuesday, August, 9th. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.01. The technology company earned $376.96 million during the quarter, compared to analyst estimates of $365.20 million. Trade Desk had a net margin of 2.43% and a trailing twelve-month return on equity of 2.16%. Trade Desk's revenue was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share.

When did Trade Desk's stock split?

Trade Desk's stock split before market open on Wednesday, June 9th 2021. The 10-1 split was announced on Monday, May 10th 2021. The newly created shares were issued to shareholders after the closing bell 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.

What guidance has Trade Desk issued on next quarter's earnings?

Trade Desk issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $385.00M-, compared to the consensus revenue estimate of $382.58 million.

What is Jeff Green's approval rating as Trade Desk's CEO?

157 employees have rated Trade Desk Chief Executive Officer Jeff Green on Glassdoor.com. Jeff Green has an approval rating of 92% among the company's employees. This puts Jeff Green in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Trade Desk own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Trade Desk investors own include NVIDIA (NVDA), Shopify (SHOP), Block (SQ), Tesla (TSLA), Netflix (NFLX), PayPal (PYPL), Twilio (TWLO), Alibaba Group (BABA), Salesforce (CRM) and Okta (OKTA).

When did Trade Desk IPO?

(TTD) raised $70 million in an 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 acted as the underwriters for the IPO and Needham & Company and Raymond James were co-managers.

What is Trade Desk's stock symbol?

Trade Desk trades on the NASDAQ under the ticker symbol "TTD."

Who are Trade Desk's major shareholders?

Trade Desk's stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (9.71%), Price T Rowe Associates Inc. MD (5.39%), Jennison Associates LLC (2.74%), State Street Corp (1.82%), Allianz Asset Management GmbH (1.41%) and Macquarie Group Ltd. (0.86%). Insiders that own company stock include Blake Jeffrey Grayson, Brian John Stempeck, David B Wells, David Randall Pickles, Eric B Paley, Eric B Paley, Jeffrey Terry Green, Kathryn E Falberg, Marketing Services SAS Total, Mazen Al-Rawashdeh, Paul Ross, Susan Vobejda, Thomas Falk and Vivian Yang.
View institutional ownership trends
.

How do I buy shares of Trade Desk?

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

What is Trade Desk's stock price today?

One share of TTD stock can currently be purchased for approximately $73.74.

How much money does Trade Desk make?

Trade Desk (NASDAQ:TTD) has a market capitalization of $35.75 billion and generates $1.20 billion in revenue each year. The technology company earns $137.76 million in net income (profit) each year or $0.07 on an earnings per share basis.

How many employees does Trade Desk have?

The company employs 1,967 workers across the globe.

When was Trade Desk founded?

Trade Desk was founded in 2009.

How can I contact Trade Desk?

Trade Desk's mailing address is 42 N. CHESTNUT STREET, VENTURA CA, 93001. The official website for the company is www.thetradedesk.com. The technology company can be reached via phone at (805) 585-3434 or via email at ir@thetradedesk.com.

This page (NASDAQ:TTD) was last updated on 8/16/2022 by MarketBeat.com Staff

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