Trade Desk (NASDAQ:TTD) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research raised Trade Desk from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Jefferies Group reissued a “buy” rating and issued a $63.00 target price on shares of Trade Desk in a research report on Friday, November 10th. Royal Bank Of Canada lifted their target price on Trade Desk from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Vetr raised Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.76 price target on the stock in a research report on Thursday, November 9th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $55.00 price target on shares of Trade Desk in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.07.

Shares of Trade Desk (NASDAQ TTD) traded up $1.16 during trading on Thursday, reaching $45.34. The company had a trading volume of 1,181,698 shares, compared to its average volume of 942,978. Trade Desk has a 1-year low of $26.40 and a 1-year high of $67.30. The firm has a market cap of $1,851.20, a price-to-earnings ratio of 43.34 and a beta of 5.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56.

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

In related news, COO Robert David Perdue sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.08, for a total transaction of $360,600.00. Following the transaction, the chief operating officer now directly owns 97,983 shares of the company’s stock, valued at approximately $4,711,022.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul Ross sold 3,705 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $63.33, for a total value of $234,637.65. Following the transaction, the chief financial officer now directly owns 53,451 shares in the company, valued at $3,385,051.83. The disclosure for this sale can be found here. Insiders have sold a total of 151,894 shares of company stock worth $9,180,577 in the last ninety days. Insiders own 26.87% of the company’s stock.

Several hedge funds have recently bought and sold shares of TTD. TIAA CREF Investment Management LLC increased its holdings in shares of Trade Desk by 18.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 19,822 shares of the technology company’s stock worth $738,000 after acquiring an additional 3,033 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Trade Desk by 149.9% during the 1st quarter. Vanguard Group Inc. now owns 1,109,222 shares of the technology company’s stock worth $41,319,000 after acquiring an additional 665,330 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Trade Desk by 56.3% during the 1st quarter. Geode Capital Management LLC now owns 85,761 shares of the technology company’s stock worth $3,194,000 after acquiring an additional 30,879 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Trade Desk during the 2nd quarter worth approximately $401,000. Finally, Strs Ohio increased its holdings in shares of Trade Desk by 100.0% during the 2nd quarter. Strs Ohio now owns 6,800 shares of the technology company’s stock worth $340,000 after acquiring an additional 3,400 shares during the last quarter. 65.46% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Trade Desk (TTD) Downgraded to Sell at BidaskClub” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/07/trade-desk-ttd-downgraded-to-sell-at-bidaskclub.html.

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)

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