Trade Desk, Inc. is a technology company in the United States and internationally. The company is headquartered in Ventura, California.
| Revenue (TTM) | $2.99B |
| Gross Profit (TTM) | $2.30B |
| EBITDA | $697.98M |
| Operating Margin | 14.20% |
| Return on Equity | 15.40% |
| Return on Assets | 6.25% |
| Revenue/Share (TTM) | $6.26 |
| Book Value | $5.48 |
| Price-to-Book | 2.33 |
| Price-to-Sales (TTM) | 2.08 |
| EV/Revenue | 1.653 |
| EV/EBITDA | 6.93 |
| Quarterly Earnings Growth (YoY) | -23.60% |
| Quarterly Revenue Growth (YoY) | 3.00% |
| Shares Outstanding | $429.69M |
| Float | $416.64M |
| % Insiders | 2.60% |
| % Institutions | 84.36% |
Volatility is currently expanding
The Trade Desk (NASDAQ:TTD | TTD Price Prediction) has become one of this year's hardest-hit advertising technology names, and the key question is whether the selloff has run its course.
Unity Software (NYSE:U | U Price Prediction) stock is trading at $42.13, down 10% this afternoon. Wedbush raised its price target on Unity shares and described the company's Vector advertising platform as gaining traction.
We exited The Trade Desk in the quarter. Its revenue growth continues to lag that of peers such as Amazon, Meta, Google, and Walmart. We added a new position in Datadog this quarter. As cloud continues to grow strongly, software is becoming increasingly complex, requiring more monitoring, observability, and autonomy. Google dominates the internet with a 91% share of Search, 69% of phones with Android, 68% of browsers with Chrome, and over a 70% share for YouTube, Gmail, Maps, and Play Store.
When you see a popular brand's stock down 50%, you may feel a deep-seated urge to buy the dip. Ubiquitous companies don't just fade away; a rebound is on the horizon, and the stock is probably cheap, right?
Few digital advertising names have taken a harder beating this year than The Trade Desk (NASDAQ:TTD | TTD Price Prediction), and the damage now raises a blunt question about whether TTD stock is dead money or poised for a bounce.
The Trade Desk (TTD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Advertising technology stocks are trading in three different directions, and shares of AppLovin (NASDAQ:APP | APP Price Prediction) are pulling hardest. AppLovin stock is trading at $283.
AppLovin is bleeding market value while its closest rivals hold steady and even tick higher, pointing to something specific festering inside the company rather than a broad ad-tech retreat.
Competition from Amazon (AMZN +0.21%) is having a more negative impact on the business than management led investors to believe.
Magnite (NASDAQ:MGNI) stock surged 6% to $24.77 on Tuesday, extending a standout year-to-date advance of 52.5%. The Trade Desk (NASDAQ:TTD | TTD Price Prediction) shares edged down 0.16% to $12.32 and remain down 67.
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