TTD Stock Summary and Trading Ideas (Trade Desk - Class A | NASDAQ:TTD)

The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.

Trade Desk - Class A trades on the NASDAQ stock market under the symbol TTD.

As of December 20, 2024, TTD stock price declined to $125.01 with 5,125,631 million shares trading.

TTD has a beta of 1.67, meaning it tends to be more sensitive to market movements. TTD has a correlation of 0.22 to the broad based SPY ETF.

TTD has a market cap of $61.70 billion. This is considered a Large Cap stock.

Last quarter Trade Desk - Class A reported $628 million in Revenue and $.41 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.02.

In the last 3 years, TTD traded as high as $141.53 and as low as $39.00.

The top ETF exchange traded funds that TTD belongs to (by Net Assets): VTI, QQQ, VO, VXF, VUG.

TTD has outperformed the market in the last year with a return of +65.6%, while the SPY ETF gained +27.8%. In the last 3 month period, TTD beat the market returning +14.2%, while SPY returned +4.4%. However, in the most recent 2 weeks TTD has underperformed the stock market by returning -10.1%, while SPY returned -2.4%.

TTD support price is $123.08 and resistance is $129.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TTD shares will trade within this expected range on the day.