The Trade Desk Inc. [NASDAQ: TTD] plunged by -$4.75 during the normal trading session on Tuesday and reaching a high of $90.85 during the day while it closed the day at $85.36. The company report on December 8, 2021 that Leading OTT Players in Southeast Asia Announce Support for Unified ID 2.0.
New identity solution expands in the region with backing from key OTT platforms.
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Global advertising leader, The Trade Desk (NASDAQ: TTD), today announced that the Unified ID 2.0 initiative has expanded into the Southeast Asia market as leading over-the-top (OTT) players announce their support. Initially developed by The Trade Desk, Unified ID 2.0 is a new, privacy-conscious identifier built from hashed and encrypted email addresses. Designed from the consumer’s perspective, Unified ID 2.0 is a new industry-wide approach to internet identity that aims to preserve the value of relevant advertising, while putting control for consumers and privacy at the forefront.
The Trade Desk Inc. stock has also loss -9.95% of its value over the past 7 days. However, TTD stock has inclined by 26.27% in the 3 months of the year. Over the past six months meanwhile, it has gained 9.94% and lost -6.85% year-on date.
The market cap for TTD stock reached $42.20 billion, with 478.10 million shares outstanding and 433.32 million shares in the current float. Compared to the average trading volume of 4.84M shares, TTD reached a trading volume of 7342487 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about The Trade Desk Inc. [TTD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TTD shares is $95.74 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TTD stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for The Trade Desk Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 09, 2021. While these analysts kept the previous recommendation, Truist dropped their target price from $92 to $100. The new note on the price target was released on November 09, 2021, representing the official price target for The Trade Desk Inc. stock. Previously, the target price had yet another raise from $105 to $115, while Susquehanna kept a Positive rating on TTD stock. On November 09, 2021, analysts increased their price target for TTD shares from 92 to 100.
The Average True Range (ATR) for The Trade Desk Inc. is set at 5.50, with the Price to Sales ratio for TTD stock in the period of the last 12 months amounting to 37.66. The Price to Book ratio for the last quarter was 31.38, with the Price to Cash per share for the same quarter was set at 1.62. Price to Free Cash Flow for TTD in the course of the last twelve months was 130.91 with Quick ratio for the last quarter at 1.80.
TTD stock trade performance evaluation
The Trade Desk Inc. [TTD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.95. With this latest performance, TTD shares dropped by -4.64% in over the last four-week period, additionally plugging by 9.94% over the last 6 months – not to mention a rise of 8.25% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TTD stock in for the last two-week period is set at 40.64, with the RSI for the last a single of trading hit 34.40, and the three-weeks RSI is set at 44.49 for The Trade Desk Inc. [TTD]. The present Moving Average for the last 50 days of trading for this stock 91.91, while it was recorded at 90.79 for the last single week of trading, and 76.08 for the last 200 days.
The Trade Desk Inc. [TTD]: An insightful look at the core fundamentals
The Trade Desk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.
Earnings per share (EPS) analysis for The Trade Desk Inc. [TTD] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TTD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Trade Desk Inc. go to 32.00%.
The Trade Desk Inc. [TTD]: Insider Ownership positions
There are presently around $25,975 million, or 67.70% of TTD stock, in the hands of institutional investors. The top three institutional holders of TTD stocks are: BAILLIE GIFFORD & CO with ownership of 52,083,406, which is approximately -0.859% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 39,513,095 shares of the stock with an approximate value of $3.56 billion in TTD stocks shares; and MORGAN STANLEY, currently with $2.29 billion in TTD stock with ownership of nearly 21.613% of the company’s market capitalization.
381 institutional holders increased their position in The Trade Desk Inc. [NASDAQ:TTD] by around 19,633,107 shares. Additionally, 310 investors decreased positions by around 16,012,286 shares, while 129 investors held positions by with 252,614,965 shares. The mentioned changes placed institutional holdings at 288,260,358 shares, according to the latest SEC report filing. TTD stock had 97 new institutional investments in for a total of 1,461,087 shares, while 78 institutional investors sold positions of 4,040,470 shares during the same period.