Trade Desk (NASDAQ:TTD) was downgraded by analysts at Vertical Group from a “buy” rating to a “hold” rating in a research note issued on Thursday, The Fly reports.
TTD has been the topic of several other reports. Vetr upgraded Trade Desk from a “buy” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a report on Monday, March 19th. Royal Bank of Canada boosted their price target on Trade Desk to $80.00 and gave the stock an “outperform” rating in a report on Friday, May 11th. ValuEngine upgraded Trade Desk from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. BidaskClub cut Trade Desk from a “hold” rating to a “sell” rating in a report on Friday, March 30th. Finally, SunTrust Banks restated a “buy” rating and set a $75.00 price target on shares of Trade Desk in a report on Monday, May 14th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Trade Desk has a consensus rating of “Buy” and a consensus target price of $75.44.
Trade Desk traded up $1.39, reaching $91.45, during midday trading on Thursday, MarketBeat reports. The company had a trading volume of 26,406 shares, compared to its average volume of 1,155,257. The company has a market cap of $3.74 billion, a PE ratio of 77.14, a price-to-earnings-growth ratio of 2.80 and a beta of 2.64. Trade Desk has a 1-year low of $40.70 and a 1-year high of $92.53.
Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 10th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.24. Trade Desk had a return on equity of 24.07% and a net margin of 16.14%. The firm had revenue of $85.70 million for the quarter, compared to analysts’ expectations of $73.25 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 60.5% on a year-over-year basis. analysts anticipate that Trade Desk will post 1.41 EPS for the current fiscal year.
In other Trade Desk news, insider Brian John Stempeck sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $55.33, for a total value of $1,244,925.00. Following the transaction, the insider now directly owns 67,050 shares of the company’s stock, valued at $3,709,876.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Paul Ross sold 8,682 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $56.18, for a total value of $487,754.76. Following the completion of the transaction, the chief financial officer now directly owns 67,473 shares in the company, valued at $3,790,633.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 411,017 shares of company stock worth $28,621,990. Insiders own 23.54% of the company’s stock.
Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Trade Desk during the fourth quarter worth approximately $169,000. Circle Wealth Management LLC acquired a new position in shares of Trade Desk during the fourth quarter worth approximately $202,000. Xact Kapitalforvaltning AB acquired a new position in shares of Trade Desk during the first quarter worth approximately $228,000. Paloma Partners Management Co acquired a new position in shares of Trade Desk during the fourth quarter worth approximately $227,000. Finally, Advisor Group Inc. raised its position in shares of Trade Desk by 39.7% during the fourth quarter. Advisor Group Inc. now owns 5,578 shares of the technology company’s stock worth $254,000 after purchasing an additional 1,584 shares during the period. 73.44% of the stock is currently owned by institutional investors.
Trade Desk Company Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
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