Recent Research Analysts’ Ratings Updates for Trade Desk (TTD)

Trade Desk (NASDAQ: TTD) has recently received a number of price target changes and ratings updates:

  • 1/22/2018 – Trade Desk was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $53.74 price target on the stock.
  • 1/18/2018 – Trade Desk is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $62.00 price target on the stock.
  • 1/12/2018 – Trade Desk had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $60.00 price target on the stock.
  • 1/11/2018 – Trade Desk was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $54.47 price target on the stock.
  • 1/11/2018 – Trade Desk was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “The Trade Desk, Inc. is a provider of technology platform for advertising. The company through self-service, cloud-based platform, ad buyers create, manage and optimize data-driven digital advertising campaigns which includes display, video, audio, native and social, on a multitude of devices, such as computers, mobile devices and connected TV. It operates primarily in the United States, Europe and Asia. The Trade Desk, Inc. is headquartered in Ventura, CA. “
  • 12/20/2017 – Trade Desk is now covered by analysts at Wells Fargo & Co. They set an “outperform” rating and a $60.00 price target on the stock.
  • 12/11/2017 – Trade Desk was upgraded by analysts at SunTrust Banks, Inc. from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock, up previously from $45.25.
  • 12/7/2017 – Trade Desk was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Trade Desk Inc (NASDAQ:TTD) traded down $1.00 during trading hours on Monday, reaching $47.36. 1,490,400 shares of the company’s stock were exchanged, compared to its average volume of 750,423. 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 firm has a market capitalization of $2,000.00 and a PE ratio of 46.43. Trade Desk Inc has a 52 week low of $28.11 and a 52 week high of $67.30.

Trade Desk (NASDAQ:TTD) last posted 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. The company had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $76.84 million. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The firm’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. equities research analysts predict that Trade Desk Inc will post 1.28 earnings per share for the current year.

In other Trade Desk news, insider Jeffrey Terry Green sold 9,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $47.61, for a total transaction of $428,490.00. Following the completion of the transaction, the insider now directly owns 113,744 shares in the company, valued at $5,415,351.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian John Stempeck sold 10,000 shares of the 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 have sold 92,888 shares of company stock valued at $4,936,706 over the last 90 days. 26.87% of the stock is currently owned by company insiders.

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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