The Trade Desk (NASDAQ:TTD) Given Average Rating of “Moderate Buy” by Analysts

Shares of The Trade Desk (NASDAQ:TTDGet Free Report) have been assigned an average rating of “Moderate Buy” from the thirty-three analysts that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $97.27.

TTD has been the subject of a number of recent analyst reports. Macquarie upped their price target on shares of Trade Desk from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. Citizens Jmp decreased their price target on shares of Trade Desk from $115.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Evercore ISI raised shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Friday, June 27th. Wells Fargo & Company downgraded shares of Trade Desk from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $74.00 to $68.00 in a research note on Thursday, June 26th. Finally, Oppenheimer raised their price target on shares of Trade Desk from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th.

Read Our Latest Stock Report on TTD

Trade Desk Stock Up 2.2%

Shares of TTD stock opened at $75.63 on Thursday. Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53. The firm has a market capitalization of $37.17 billion, a PE ratio of 92.23, a P/E/G ratio of 3.40 and a beta of 1.36. The company has a 50 day moving average price of $71.06 and a 200-day moving average price of $79.26.

Trade Desk (NASDAQ:TTDGet Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. Trade Desk’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. Analysts anticipate that Trade Desk will post 1.06 earnings per share for the current year.

Insider Transactions at Trade Desk

In related news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the sale, the director directly owned 66,985 shares in the company, valued at $5,350,761.80. This trade represents a 29.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the completion of the sale, the chief executive officer owned 17,018 shares of the company’s stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by company insiders.

Institutional Trading of Trade Desk

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock valued at $2,420,689,000 after acquiring an additional 1,567,491 shares during the period. Brown Advisory Inc. increased its holdings in Trade Desk by 198.4% in the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after acquiring an additional 5,387,339 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Trade Desk by 2.6% during the fourth quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company’s stock worth $930,477,000 after buying an additional 198,822 shares in the last quarter. Norges Bank purchased a new stake in shares of Trade Desk during the fourth quarter worth $524,187,000. Finally, FMR LLC grew its holdings in shares of Trade Desk by 44.8% during the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company’s stock worth $445,237,000 after buying an additional 1,172,082 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

About Trade Desk

(Get Free Report

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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