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.
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.
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