Trade Desk (NASDAQ:TTD) was upgraded by investment analysts at SunTrust Banks from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Marketbeat reports. The firm presently has a $55.00 price target on the technology company’s stock, up from their previous price target of $45.25. SunTrust Banks’ target price indicates a potential upside of 21.55% from the company’s current price.

A number of other brokerages also recently issued reports on TTD. Vetr downgraded Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 price target on the stock. in a research report on Tuesday, October 31st. Zacks Investment Research downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Macquarie began coverage on Trade Desk in a research report on Thursday, October 12th. They set an “outperform” rating and a $78.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $65.00 price target on shares of Trade Desk in a research report on Monday, October 2nd. Finally, JMP Securities began coverage on Trade Desk in a research report on Monday, October 2nd. They set an “outperform” rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Trade Desk currently has an average rating of “Buy” and an average target price of $67.34.

Trade Desk (NASDAQ:TTD) traded down $0.09 during trading on Monday, hitting $45.25. The stock had a trading volume of 891,100 shares, compared to its average volume of 942,780. Trade Desk has a 52 week low of $26.40 and a 52 week high of $67.30. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1,860.00 and a P/E ratio of 43.51.

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

In other Trade Desk news, insider David Randall Pickles sold 70,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $60.89, for a total value of $4,262,300.00. Following the sale, the insider now owns 56,499 shares of the company’s stock, valued at approximately $3,440,224.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Robert David Perdue sold 12,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $60.29, for a total value of $753,625.00. Following the completion of the sale, the chief operating officer now directly owns 86,109 shares in the company, valued at approximately $5,191,511.61. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,894 shares of company stock worth $9,180,577. Company insiders own 26.87% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. lifted its stake in shares of Trade Desk by 9,856.5% in the 2nd quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock valued at $115,000 after acquiring an additional 2,267 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Trade Desk by 665.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock valued at $117,000 after acquiring an additional 2,029 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Trade Desk by 57.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,038 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Trade Desk in the 3rd quarter valued at $234,000. Finally, Legal & General Group Plc lifted its stake in shares of Trade Desk by 75.4% in the 2nd quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock valued at $195,000 after acquiring an additional 1,664 shares during the last quarter. Institutional investors own 65.46% of the company’s stock.

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Trade Desk Company Profile

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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