Trade Desk (NASDAQ:TTD) was upgraded by equities researchers at Vetr from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The firm presently has a $65.00 target price on the technology company’s stock. Vetr‘s price objective indicates a potential upside of 10.98% from the company’s current price.
Several other research analysts also recently weighed in on TTD. Zacks Investment Research raised shares of Trade Desk from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup boosted their target price on shares of Trade Desk from $69.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, March 9th. Stifel Nicolaus set a $69.00 target price on shares of Trade Desk and gave the company a “buy” rating in a research note on Friday, February 23rd. Wells Fargo & Co reissued a “buy” rating and issued a $62.00 target price on shares of Trade Desk in a research note on Friday, February 23rd. Finally, BidaskClub raised shares of Trade Desk from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $66.38.
Trade Desk (NASDAQ:TTD) opened at $58.57 on Tuesday. The stock has a market capitalization of $2,410.00 and a price-to-earnings ratio of 50.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.48 and a current ratio of 1.48. Trade Desk has a one year low of $34.79 and a one year high of $67.30.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. The business had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.71 million. Trade Desk had a return on equity of 25.10% and a net margin of 16.48%. The business’s revenue was up 41.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 EPS. research analysts forecast that Trade Desk will post 1.18 earnings per share for the current fiscal year.
In other news, insider Brian John Stempeck sold 10,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $49.59, for a total transaction of $495,900.00. Following the completion of 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 available at this hyperlink. Also, insider Jeffrey Terry Green sold 9,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $56.26, for a total transaction of $506,340.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 795,435 shares of company stock valued at $45,360,734. Corporate insiders own 26.87% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TTD. Macquarie Group Ltd. acquired a new position in shares of Trade Desk during the 3rd quarter valued at about $32,658,000. Alliancebernstein L.P. grew its holdings in shares of Trade Desk by 22.7% during the 4th quarter. Alliancebernstein L.P. now owns 2,620,560 shares of the technology company’s stock worth $119,838,000 after purchasing an additional 484,238 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Trade Desk by 33.2% during the 4th quarter. Allianz Asset Management GmbH now owns 1,859,515 shares of the technology company’s stock worth $85,036,000 after purchasing an additional 463,352 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Trade Desk by 33.6% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,465,060 shares of the technology company’s stock worth $66,997,000 after purchasing an additional 368,555 shares during the period. Finally, Shellback Capital LP purchased a new stake in shares of Trade Desk during the 4th quarter worth about $13,837,000. 74.29% of the stock is owned by institutional investors.
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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.
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