The Trade Desk Inc. (NASDAQ:TTD)‘s stock had its “positive” rating reiterated by stock analysts at Susquehanna Bancshares Inc in a report released on Thursday. They presently have a $66.00 target price on the technology company’s stock. Susquehanna Bancshares Inc’s price objective would suggest a potential upside of 17.38% from the company’s current price.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of The Trade Desk from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Friday, May 19th. Citigroup Inc. restated a “buy” rating and set a $55.00 price objective (up from $39.00) on shares of The Trade Desk in a research report on Monday, May 15th. Jefferies Group LLC restated a “buy” rating and set a $57.00 price objective (up from $41.00) on shares of The Trade Desk in a research report on Sunday, May 14th. Needham & Company LLC boosted their price objective on shares of The Trade Desk from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Finally, Cantor Fitzgerald set a $60.00 price objective on shares of The Trade Desk and gave the company a “buy” rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.00.

The Trade Desk (NASDAQ:TTD) traded down 1.49% during trading on Thursday, reaching $56.23. 1,371,890 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $52.85 and its 200 day moving average price is $46.74. The Trade Desk has a 52-week low of $22.00 and a 52-week high of $59.20. The firm has a market cap of $2.29 billion and a P/E ratio of 51.92.

The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.15 by $0.29. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The business had revenue of $72.80 million during the quarter, compared to the consensus estimate of $68.02 million. The Trade Desk’s quarterly revenue was up 54.2% on a year-over-year basis. Equities research analysts anticipate that The Trade Desk will post $1.44 EPS for the current fiscal year.

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In related news, Director Kathryn E. Falberg purchased 20,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was bought at an average cost of $48.06 per share, for a total transaction of $961,200.00. Following the completion of the acquisition, the director now owns 40,000 shares of the company’s stock, valued at $1,922,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian John Stempeck sold 35,000 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $49.19, for a total transaction of $1,721,650.00. Following the transaction, the insider now owns 27,925 shares of the company’s stock, valued at $1,373,630.75. The disclosure for this sale can be found here. Insiders have sold 349,215 shares of company stock valued at $18,110,153 over the last quarter. Company insiders own 26.87% of the company’s stock.

Large investors have recently made changes to their positions in the company. Advisor Group Inc. increased its holdings in shares of The Trade Desk by 9,856.5% during the second quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after buying an additional 2,267 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of The Trade Desk by 665.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock worth $117,000 after buying an additional 2,029 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of The Trade Desk by 181.5% during the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock worth $105,000 after buying an additional 1,824 shares in the last quarter. American International Group Inc. acquired a new position in shares of The Trade Desk during the first quarter worth $126,000. Finally, Strs Ohio increased its holdings in shares of The Trade Desk by 100.0% during the first quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock worth $126,000 after buying an additional 1,700 shares in the last quarter. Institutional investors own 62.80% of the company’s stock.

About The Trade Desk

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

Analyst Recommendations for The Trade Desk (NASDAQ:TTD)

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