Trade Desk (NASDAQ:TTD)‘s stock had its “buy” rating reiterated by investment analysts at SunTrust Banks in a research report issued on Friday. They presently have a $60.00 price objective on the technology company’s stock. SunTrust Banks’ price objective would suggest a potential upside of 22.12% from the company’s current price. SunTrust Banks also issued estimates for Trade Desk’s FY2022 earnings at $4.75 EPS.

A number of other brokerages have also issued reports on TTD. Vetr upgraded shares of Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.76 price target on the stock in a research note on Thursday, November 9th. JMP Securities assumed coverage on shares of Trade Desk in a research note on Monday, October 2nd. They set an “outperform” rating and a $70.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $65.00 target price on shares of Trade Desk in a research note on Monday, October 2nd. Jefferies Group restated a “buy” rating and set a $63.00 target price on shares of Trade Desk in a research note on Friday, November 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $66.00 target price (up from $62.00) on shares of Trade Desk in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $63.79.

Shares of Trade Desk (NASDAQ:TTD) traded up $0.17 during trading hours on Friday, reaching $49.13. 835,900 shares of the company’s stock were exchanged, compared to its average volume of 649,451. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $2,010.98, a price-to-earnings ratio of 48.64, a PEG ratio of 1.32 and a beta of 5.35. Trade Desk has a one year low of $28.11 and a one year high of $67.30.

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 company had revenue of $79.40 million for the quarter, compared to analyst estimates of $76.84 million. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The business’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. equities analysts forecast that Trade Desk will post 1.28 earnings per share for the current fiscal year.

In related news, insider Brian John Stempeck sold 10,000 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert David Perdue sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $46.37, for a total value of $347,775.00. Following the completion of the transaction, the chief operating officer now directly owns 102,238 shares of the company’s stock, valued at $4,740,776.06. The disclosure for this sale can be found here. Insiders have sold 90,616 shares of company stock worth $4,964,670 over the last 90 days. Insiders own 26.87% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in TTD. Vanguard Group Inc. boosted its holdings in Trade Desk by 79.9% in the second quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock valued at $99,976,000 after purchasing an additional 885,916 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in Trade Desk by 109.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock valued at $71,771,000 after purchasing an additional 748,795 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Trade Desk by 193.5% in the second quarter. Renaissance Technologies LLC now owns 828,300 shares of the technology company’s stock valued at $41,506,000 after purchasing an additional 546,100 shares in the last quarter. Macquarie Group Ltd. acquired a new position in Trade Desk in the third quarter valued at approximately $32,658,000. Finally, Janus Henderson Group PLC acquired a new position in Trade Desk in the second quarter valued at approximately $24,342,000. 65.38% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Trade Desk (TTD) Earns Buy Rating from SunTrust Banks” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/13/trade-desk-ttd-earns-buy-rating-from-suntrust-banks.html.

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)

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