The Trade Desk, Inc. (NASDAQ:TTD) Receives Average Rating of “Moderate Buy” from Brokerages
Shares of The Trade Desk, Inc. (NASDAQ:TTD – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty-six analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and twenty-two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $82.71.
TTD has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price objective on Trade Desk from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Stephens reaffirmed an “overweight” rating and set a $100.00 price objective on shares of Trade Desk in a research note on Thursday, August 31st. TheStreet cut Trade Desk from a “b-” rating to a “c” rating in a research note on Thursday, November 9th. William Blair assumed coverage on Trade Desk in a report on Wednesday, September 6th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $91.00 target price on shares of Trade Desk in a report on Thursday, August 31st.
Read Our Latest Analysis on Trade Desk
Insiders Place Their Bets
In other news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $79.20, for a total transaction of $237,520.80. Following the transaction, the director now owns 48,308 shares of the company’s stock, valued at approximately $3,825,993.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $79.20, for a total transaction of $237,520.80. Following the transaction, the director now owns 48,308 shares of the company’s stock, valued at approximately $3,825,993.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Laura Schenkein sold 2,613 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $66.48, for a total transaction of $173,712.24. Following the transaction, the chief financial officer now directly owns 660,009 shares in the company, valued at approximately $43,877,398.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 434,864 shares of company stock worth $34,666,735. Company insiders own 10.81% of the company’s stock.
Hedge Funds Weigh In On Trade Desk
Several hedge funds have recently modified their holdings of TTD. NBC Securities Inc. bought a new position in shares of Trade Desk during the 3rd quarter worth approximately $25,000. BOKF NA purchased a new stake in shares of Trade Desk during the 1st quarter worth approximately $26,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Trade Desk during the 3rd quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Trade Desk during the 3rd quarter worth approximately $29,000. Finally, MUFG Americas Holdings Corp purchased a new stake in shares of Trade Desk during the 3rd quarter worth approximately $30,000. Institutional investors own 68.23% of the company’s stock.
Trade Desk Price Performance
TTD stock opened at $71.35 on Wednesday. The business has a fifty day moving average price of $72.88 and a 200 day moving average price of $76.96. Trade Desk has a fifty-two week low of $41.20 and a fifty-two week high of $91.85. The stock has a market capitalization of $34.98 billion, a price-to-earnings ratio of 230.16, a P/E/G ratio of 7.01 and a beta of 1.59.
Trade Desk (NASDAQ:TTD – Get Free Report) last released its earnings results on Thursday, November 9th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05). The firm had revenue of $493.27 million during the quarter, compared to analyst estimates of $486.94 million. Trade Desk had a net margin of 8.35% and a return on equity of 7.38%. On average, equities analysts expect that Trade Desk will post 0.42 earnings per share for the current fiscal year.
Trade Desk Company Profile (Get Free Report
The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.
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