Question: When Did Trade Desk Go Public?

The Trade Desk went public on September 21, 2016, with an initial stock price of $18.00; its IPO closing market price gained to $30.10 per share.

What was the price of trade desk before it split?

What to make of digital advertising company The Trade Desk (NASDAQ:TTD) stock after its recent 10-for-1 stock split? The split, executed on June 17, brought the share price of The Trade Desk down to about $60 from just over $600 previously.

Is the trade desk a good stock?

Thanks to this rise in earnings estimates, TTD has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for TTD as well.

When did the trade desk start?

In conjunction with its first-quarter financial results, the programmatic advertising specialist announced an upcoming stock split. In a press release announcing the move, management said that the ” goal of the split is to make The Trade Desk stock more accessible to our employees and a broader base of investors.”

When did the trade desk stock split?

Although the stock split is legally effective on the Record Date of June 9, 2021, the trading price of the The Trade Desk common stock on the NASDAQ will not reflect the split until the day after the distribution date of June 16, 2021.

When did TTD announce stock split?

TTD underwent a 10-for-1 stock split, which means shareholders of record will receive an additional 9 shares for every share owned as of June 9. The new shares will be deposited directly into investors’ brokerage accounts, and TTD began trading on a split-adjusted basis today, June 17.

Is Trade Desk stock overvalued?

Because The Trade Desk is significantly overvalued, the long-term return of its stock is likely to be much lower than its future business growth, which averaged 34.6% over the past three years and is estimated to grow 31.12% annually over the next three to five years.

Is trade desk a good long-term investment?

The Trade Desk (NASDAQ:TTD) has been a goldmine for long-term investors. Shares of the digital advertising technology (ad-tech) company are up more than 4,000% from its (split-adjusted) IPO price of $1.80in 2016.

Who uses a DSP?

A demand-side platform is software used by advertisers to buy mobile, search, and video ads from a marketplace on which publishers list advertising inventory. These platforms allow for the management of advertising across many real-time bidding networks, as opposed to just one, like Google Ads.

How does TTD make money?

The Trade Desk (NASDAQ:TTD) makes its money when advertising agencies are buying ad space for their clients. So for this ad tech platform, 2020 was a crazy year. During most of the year, advertising volume slowed to a crawl, but even so, The Trade Desk processed a record volume of spending throughout the year.

Did NVDA stock split?

Nvidia split the stock 4:1 on July 20. While a stock split has no real economic benefit long-term from a investing perspective, stock splits usually have a short-term bullish effect on the stock price. It is even more powerful given that the split will be a 4:1 split rather than the usual 2:1 stock split.

Are stock splits good?

Although the number of outstanding shares increases and the price per share decreases, the market capitalization (and the value of the company) does not change. As a result, stock splits help make shares more affordable to smaller investors and provides greater marketability and liquidity in the market.