A number of research firms have changed their ratings and price targets for The Trade Desk (NASDAQ: TTD):

  • 10/5/2017 – The Trade Desk had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $66.00 price target on the stock, up previously from $62.00.
  • 10/5/2017 – The Trade Desk had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $67.00 price target on the stock, up previously from $62.00.
  • 10/4/2017 – The Trade Desk had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $66.00 price target on the stock.
  • 10/2/2017 – The Trade Desk is now covered by analysts at JMP Securities. They set an “outperform” rating and a $70.00 price target on the stock.
  • 10/2/2017 – The Trade Desk had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $65.00 price target on the stock.
  • 9/21/2017 – The Trade Desk had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $62.00 price target on the stock.
  • 9/12/2017 – The Trade Desk was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/7/2017 – The Trade Desk had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $66.00 price target on the stock.
  • 9/1/2017 – The Trade Desk had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $62.00 price target on the stock.
  • 8/17/2017 – The Trade Desk was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $59.00 price target on the stock. According to Zacks, “The Trade Desk, Inc. is a provider of technology platform for advertising. The company through self-service, cloud-based platform, ad buyers create, manage and optimize data-driven digital advertising campaigns which includes display, video, audio, native and social, on a multitude of devices, such as computers, mobile devices and connected TV. It operates primarily in the United States, Europe and Asia. The Trade Desk, Inc. is headquartered in Ventura, CA. “
  • 8/15/2017 – The Trade Desk is now covered by analysts at SunTrust Banks, Inc.. They set a “hold” rating and a $55.00 price target on the stock.
  • 8/14/2017 – The Trade Desk had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $66.00 price target on the stock, up previously from $60.00.

The Trade Desk Inc. (NASDAQ:TTD) opened at 64.12 on Wednesday. The Trade Desk Inc. has a 52-week low of $22.01 and a 52-week high of $66.42. The company’s 50-day moving average price is $60.30 and its 200 day moving average price is $60.30. The stock has a market capitalization of $2.61 billion and a PE ratio of 59.21.

The Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.29. The firm had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The business’s revenue was up 54.2% on a year-over-year basis. Equities analysts forecast that The Trade Desk Inc. will post $1.43 EPS for the current fiscal year.

In other news, insider David Randall Pickles sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $55.60, for a total transaction of $4,170,000.00. Following the completion of the transaction, the insider now owns 240,517 shares in the company, valued at $13,372,745.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 4,515 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $53.69, for a total value of $242,410.35. Following the transaction, the chief executive officer now owns 130,885 shares of the company’s stock, valued at approximately $7,027,215.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 315,704 shares of company stock valued at $17,504,114. Company insiders own 26.87% of the company’s stock.

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.

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