Vetr Lowers Trade Desk (TTD) to Buy

Vetr lowered shares of Trade Desk (NASDAQ:TTD) from a strong-buy rating to a buy rating in a research report report published on Thursday morning. They currently have $54.05 target price on the technology company’s stock.

Several other equities analysts also recently weighed in on TTD. BidaskClub raised Trade Desk from a sell rating to a hold rating in a research report on Thursday. Zacks Investment Research raised Trade Desk from a hold rating to a buy rating and set a $54.00 price objective on the stock in a research report on Thursday, January 11th. SunTrust Banks reaffirmed a hold rating and issued a $55.00 price objective on shares of Trade Desk in a research report on Monday, November 6th. Wells Fargo & Co started coverage on Trade Desk in a research report on Wednesday, December 20th. They issued an outperform rating and a $60.00 price objective on the stock. Finally, Stifel Nicolaus started coverage on Trade Desk in a research report on Thursday, January 18th. They issued a buy rating and a $62.00 price objective on the stock. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $63.62.

Trade Desk (NASDAQ TTD) opened at $48.41 on Thursday. The firm has a market capitalization of $1,990.00 and a P/E ratio of 47.46. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.13. Trade Desk has a 12-month low of $31.54 and a 12-month high of $67.30.

In other Trade Desk news, CEO Jeffrey Terry Green sold 1,411 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $50.25, for a total value of $70,902.75. Following the transaction, the chief executive officer now owns 130,333 shares of the company’s stock, valued at approximately $6,549,233.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert David Perdue sold 7,500 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $46.37, for a total value of $347,775.00. Following the transaction, the chief operating officer now directly owns 102,238 shares in the company, valued at approximately $4,740,776.06. The disclosure for this sale can be found here. Insiders sold a total of 70,924 shares of company stock worth $3,447,883 in the last ninety days. 26.87% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of TTD. Advisor Group Inc. grew its position in shares of Trade Desk by 9,856.5% during the 2nd quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after buying an additional 2,267 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Trade Desk by 129.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock worth $126,000 after buying an additional 1,550 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Trade Desk by 57.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after buying an additional 1,038 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Trade Desk during the 4th quarter worth $169,000. Finally, Circle Wealth Management LLC bought a new position in shares of Trade Desk during the 4th quarter worth $202,000. 67.80% of the stock is currently owned by institutional investors and hedge funds.

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About Trade Desk

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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Vetr Lowers Trade Desk (TTD) to Buy

Vetr downgraded shares of Trade Desk (NASDAQ:TTD) from a strong-buy rating to a buy rating in a report issued on Thursday. They currently have $54.05 price target on the technology company’s stock.

A number of other research analysts have also recently commented on the company. Jefferies Group reissued a buy rating and issued a $63.00 price target on shares of Trade Desk in a report on Friday, November 10th. Royal Bank of Canada boosted their price target on Trade Desk from $65.00 to $67.00 and gave the stock an outperform rating in a report on Friday, November 10th. Zacks Investment Research raised Trade Desk from a sell rating to a hold rating in a report on Friday, November 17th. Stifel Nicolaus began coverage on Trade Desk in a report on Thursday, January 18th. They set a buy rating and a $62.00 price objective on the stock. Finally, BidaskClub cut Trade Desk from a hold rating to a sell rating in a report on Thursday, December 7th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $63.62.

Trade Desk (TTD) opened at $48.41 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. Trade Desk has a twelve month low of $31.54 and a twelve month high of $67.30. The company has a market capitalization of $1,990.00 and a P/E ratio of 47.46.

In other news, insider Brian John Stempeck sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $49.59, for a total transaction of $495,900.00. Following the transaction, the insider now owns 44,550 shares of the company’s stock, valued at approximately $2,209,234.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Robert David Perdue sold 513 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total value of $25,650.00. Following the transaction, the chief operating officer now directly owns 133,956 shares in the company, valued at approximately $6,697,800. The disclosure for this sale can be found here. Insiders have sold a total of 70,924 shares of company stock worth $3,447,883 over the last ninety days. Insiders own 26.87% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ashford Capital Management Inc. increased its position in shares of Trade Desk by 34.2% during the 4th quarter. Ashford Capital Management Inc. now owns 406,346 shares of the technology company’s stock valued at $18,582,000 after purchasing an additional 103,606 shares during the last quarter. Pier Capital LLC increased its position in shares of Trade Desk by 24.4% during the 4th quarter. Pier Capital LLC now owns 130,478 shares of the technology company’s stock valued at $5,967,000 after purchasing an additional 25,591 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Trade Desk by 25.8% during the 4th quarter. Macquarie Group Ltd. now owns 668,188 shares of the technology company’s stock valued at $30,556,000 after purchasing an additional 137,240 shares during the last quarter. LPL Financial LLC increased its position in shares of Trade Desk by 71.5% during the 4th quarter. LPL Financial LLC now owns 6,000 shares of the technology company’s stock valued at $274,000 after purchasing an additional 2,502 shares during the last quarter. Finally, PEAK6 Investments L.P. increased its position in shares of Trade Desk by 50.9% during the 4th quarter. PEAK6 Investments L.P. now owns 41,928 shares of the technology company’s stock valued at $1,917,000 after purchasing an additional 14,139 shares during the last quarter. 67.80% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://ledgergazette.com/2018/02/18/vetr-lowers-trade-desk-ttd-to-buy.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.

To view Vetr’s full report, visit Vetr’s official website.

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.

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