The Trade Desk Inc. (NASDAQ:TTD)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a report issued on Thursday, MarketBeat.com reports. They currently have a $66.00 price target on the technology company’s stock, up from their previous price target of $62.00. Needham & Company LLC’s price target suggests a potential upside of 8.27% from the stock’s previous close.

A number of other equities research analysts have also weighed in on TTD. Susquehanna Bancshares Inc restated a “positive” rating and set a $66.00 price objective on shares of The Trade Desk in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and set a $65.00 price objective on shares of The Trade Desk in a research report on Monday. JMP Securities started coverage on The Trade Desk in a research report on Monday. They set an “outperform” rating and a $70.00 price objective on the stock. Cantor Fitzgerald restated a “buy” rating and set a $62.00 price objective on shares of The Trade Desk in a research report on Thursday, September 21st. Finally, BidaskClub upgraded The Trade Desk from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $57.64.

Shares of The Trade Desk (TTD) opened at 60.95 on Thursday. The stock’s 50 day moving average price is $59.69 and its 200 day moving average price is $59.69. The company has a market cap of $2.49 billion and a PE ratio of 56.28. The Trade Desk has a one year low of $22.01 and a one year high of $62.86.

The Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The company had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $68.02 million. The company’s revenue for the quarter was up 54.2% compared to the same quarter last year. Equities analysts predict that The Trade Desk will post $1.43 earnings per share for the current fiscal year.

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In other The Trade Desk news, CEO Jeffrey Terry Green sold 7,689 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $61.90, for a total value of $475,949.10. Following the sale, the chief executive officer now owns 109,711 shares in the company, valued at approximately $6,791,110.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Robert David Perdue sold 12,500 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $53.34, for a total value of $666,750.00. Following the completion of the sale, the chief operating officer now owns 89,766 shares in the company, valued at approximately $4,788,118.44. The disclosure for this sale can be found here. Insiders sold a total of 315,704 shares of company stock worth $17,504,114 in the last quarter. Corporate insiders own 26.87% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its position in shares of The Trade Desk by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 11,617 shares of the technology company’s stock valued at $582,000 after buying an additional 30 shares during the last quarter. Royal Bank of Canada grew its position in shares of The Trade Desk by 9.0% in the 2nd quarter. Royal Bank of Canada now owns 8,676 shares of the technology company’s stock valued at $435,000 after buying an additional 720 shares during the last quarter. Quantbot Technologies LP grew its position in shares of The Trade Desk by 22.9% in the 2nd quarter. Quantbot Technologies LP now owns 7,488 shares of the technology company’s stock valued at $375,000 after buying an additional 1,395 shares during the last quarter. Legal & General Group Plc grew its position in shares of The Trade Desk by 75.4% in the 2nd quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock valued at $195,000 after buying an additional 1,664 shares during the last quarter. Finally, Strs Ohio grew its position in shares of The Trade Desk by 100.0% in the 1st quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock valued at $126,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 62.80% of the company’s stock.

The Trade Desk Company Profile

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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