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Monday, June 5, 2023

Is The Trade Desk Inc. (NASDAQ: TTD) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for The Trade Desk Inc. (TTD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.22, or -0.35%, to $62.36. The The Trade Desk Inc. has recorded 31,201 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Commerce Data Platform Attain Announces New, First-to-Market Partnership with The Trade Desk.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $62.58 and fluctuated between $63.37 as its day high and $61.43 as its day low. The current market capitalization of The Trade Desk Inc. is $30.49B. A total of 3.8 million shares were traded on the day, compared to an average of 4.32M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TTD has seen 0 BUY and 11 SELL insider trades, representing the acquisition of 0 and the disposition of 11,221 shares. Over the last 12 months, there were 19 BUYs and 48 SELLs from insiders. Insiders purchased 431,602 shares during that period but sold 449,385.

In the most recent transaction, Rajaram Gokul sold 2,999 shares of TTD for 60.93 per share on Apr 19. After the transaction, the Director now owns 71,060 company shares. In a previous transaction on Apr 17, Pickles David Randall sold 2,020 shares at 60.70 per share. TTD shares that Chief Technology Officer owns now total 470,930.

Among the insiders who sold shares, Pickles David Randall disposed of 2,050 shares on Apr 03 at a per-share price of $60.00. This resulted in the Chief Technology Officer holding 470,930 shares of TTD after the transaction. In another insider transaction, Pickles David Randall sold 679,549 shares at $60.73 per share on Mar 31. Company shares held by the Chief Technology Officer now total 470,930.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TTD in the last 3 months, the mean price target is $68.90 with high estimates of $90.00 and low estimates of $26.00. In terms of 52-week highs and lows, TTD has a high of $76.75 and a low of $39.00.

As of this writing, TTD has an earnings estimate of $0.12 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.09. The company reported an EPS of $0.26 in the last quarter, which was 18.20% higher than expectations of $0.22.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TTD’s latest balance sheet shows that the firm has $958.78M in Cash & Short Term Investments as of fiscal 2021. There were $284.60M in debt and $1.80B in liabilities at the time. Its Book Value Per Share was $4.32, while its Total Shareholder’s Equity was $1.53B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 28 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TTD is Sell with a score of 4.11. A total of 17 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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