The Trade Desk Inc. (NASDAQ:TTD) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday. The firm currently has a $71.92 target price on the technology company’s stock. Vetr‘s price objective indicates a potential upside of 12.57% from the company’s previous close.

Several other brokerages have also weighed in on TTD. Macquarie assumed coverage on The Trade Desk in a research note on Thursday, October 12th. They issued an “outperform” rating and a $78.00 target price for the company. Zacks Investment Research downgraded The Trade Desk from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank Of Canada restated an “outperform” rating and issued a $65.00 target price on shares of The Trade Desk in a research note on Monday, October 2nd. JMP Securities assumed coverage on The Trade Desk in a research note on Monday, October 2nd. They issued an “outperform” rating and a $70.00 target price for the company. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $67.00 target price (up previously from $62.00) on shares of The Trade Desk in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The Trade Desk currently has a consensus rating of “Buy” and an average price target of $63.66.

Shares of The Trade Desk (NASDAQ:TTD) traded down 0.99% during trading on Tuesday, reaching $63.89. 493,376 shares of the company were exchanged. The company has a market capitalization of $2.61 billion and a PE ratio of 58.99. The Trade Desk has a one year low of $22.00 and a one year high of $67.30. The firm’s 50 day moving average price is $60.93 and its 200 day moving average price is $60.93.

The Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The firm’s quarterly revenue was up 54.2% on a year-over-year basis. Equities research analysts forecast that The Trade Desk will post $1.43 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “The Trade Desk Inc. (TTD) Rating Increased to Strong-Buy at Vetr Inc.” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/17/the-trade-desk-inc-ttd-rating-increased-to-strong-buy-at-vetr-inc.html.

In other The Trade Desk news, insider Jeffrey Terry Green sold 9,000 shares of The Trade Desk stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $53.84, for a total value of $484,560.00. Following the transaction, the insider now directly owns 130,885 shares of the company’s stock, valued at approximately $7,046,848.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian John Stempeck sold 10,000 shares of The Trade Desk stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $64.18, for a total value of $641,800.00. The disclosure for this sale can be found here. Insiders sold a total of 316,704 shares of company stock valued at $17,686,464 in the last 90 days. 26.87% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of TTD. Teachers Advisors LLC purchased a new position in shares of The Trade Desk during the fourth quarter valued at approximately $235,000. Nationwide Fund Advisors increased its stake 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 valued at $105,000 after buying an additional 1,824 shares during the period. Wells Fargo & Company MN increased its stake in shares of The Trade Desk by 21.5% during the first quarter. Wells Fargo & Company MN now owns 45,036 shares of the technology company’s stock valued at $1,677,000 after buying an additional 7,972 shares during the period. Bank of New York Mellon Corp increased its stake in shares of The Trade Desk by 169.4% during the first quarter. Bank of New York Mellon Corp now owns 31,797 shares of the technology company’s stock valued at $1,184,000 after buying an additional 19,992 shares during the period. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of The Trade Desk during the first quarter valued at approximately $952,000. 62.80% of the stock is currently owned by hedge funds and other institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for The Trade Desk (NASDAQ:TTD)

Receive News & Ratings for The Trade Desk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Trade Desk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.