Trade Desk Inc (TTD) Receives Average Rating of “Buy” from Brokerages

Shares of Trade Desk Inc (NASDAQ:TTD) have received a consensus recommendation of “Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $66.38.

A number of analysts recently weighed in on the stock. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $66.00 price objective on shares of Trade Desk in a report on Thursday, September 7th. Jefferies Group reiterated a “buy” rating and issued a $60.00 target price (up previously from $57.00) on shares of Trade Desk in a research report on Friday, August 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $65.00 target price (up previously from $56.00) on shares of Trade Desk in a research report on Friday, August 11th. Vetr upgraded shares of Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.92 target price for the company in a research report on Tuesday, October 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $62.00 target price (up previously from $56.00) on shares of Trade Desk in a research report on Friday, August 11th.

In other news, COO Robert David Perdue sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $64.87, for a total transaction of $810,875.00. Following the completion of the transaction, the chief operating officer now owns 82,409 shares in the company, valued at approximately $5,345,871.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian John Stempeck sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $48.78, for a total transaction of $487,800.00. The disclosure for this sale can be found here. Insiders sold a total of 144,394 shares of company stock valued at $8,819,977 in the last quarter. 26.87% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of Trade Desk by 9,856.5% in 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 during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Trade Desk by 665.2% in 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 during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Trade Desk by 57.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after buying an additional 1,038 shares during the period. American International Group Inc. acquired a new position in shares of Trade Desk in the first quarter worth about $126,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Trade Desk in the third quarter worth about $234,000. Institutional investors own 65.42% of the company’s stock.

Shares of Trade Desk (NASDAQ:TTD) opened at $48.00 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56. Trade Desk has a twelve month low of $25.62 and a twelve month high of $67.30. The firm has a market cap of $1,971.55, a PE ratio of 46.15 and a beta of 5.58.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.15. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The business had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $76.84 million. During the same quarter last year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 49.8% compared to the same quarter last year. analysts expect that Trade Desk will post 1.29 earnings per share for the current year.

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About 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 Trade Desk (NASDAQ:TTD)

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