Shares of Trade Desk Inc (NYSE:TTD) have earned a consensus rating of “Buy” from the eight brokerages that are presently covering the company. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $33.13.

TTD has been the subject of a number of analyst reports. Raymond James Financial Inc. initiated coverage on shares of Trade Desk in a research report on Monday, October 17th. They issued an “outperform” rating and a $31.00 target price for the company. Jefferies Group initiated coverage on shares of Trade Desk in a research report on Monday, October 17th. They issued a “buy” rating and a $35.00 target price for the company. Cantor Fitzgerald started coverage on shares of Trade Desk in a research report on Wednesday, October 5th. They issued a “buy” rating and a $30.00 target price for the company. RBC Capital Markets started coverage on shares of Trade Desk in a research note on Monday, October 17th. They issued an “outperform” rating and a $33.00 price target for the company. Finally, Susquehanna started coverage on shares of Trade Desk in a research note on Friday, September 23rd. They issued a “positive” rating and a $40.00 price target for the company.

Trade Desk (NYSE:TTD) traded up 1.96% on Monday, hitting $29.67. 672,748 shares of the stock traded hands. The stock’s market cap is $1.14 billion. Trade Desk has a 52 week low of $22.00 and a 52 week high of $33.40. The firm’s 50 day moving average is $25.70 and its 200 day moving average is $26.33.

Trade Desk (NYSE:TTD) last released its earnings results on Thursday, November 10th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The business earned $53 million during the quarter. The firm’s quarterly revenue was up 84.0% on a year-over-year basis. Equities analysts anticipate that Trade Desk will post $0.88 earnings per share for the current year.

In other news, Director Eric B. Paley sold 299,979 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $18.00, for a total transaction of $5,399,622.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathryn E. Falberg bought 80,000 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were bought at an average price of $25.85 per share, with a total value of $2,068,000.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $517,000. The disclosure for this purchase can be found here.

Several hedge funds have recently bought and sold shares of the company. KCG Holdings Inc. bought a new stake in Trade Desk during the third quarter worth about $230,000. BlackRock Group LTD bought a new stake in Trade Desk during the third quarter worth about $265,000. Whale Rock Capital Management LLC bought a new stake in Trade Desk during the third quarter worth about $438,000. Gilder Gagnon Howe & Co. LLC bought a new stake in Trade Desk during the third quarter worth about $446,000. Finally, Jabre Capital Partners S.A. bought a new stake in Trade Desk during the third quarter worth about $584,000.

Trade Desk Company Profile

5 Day Chart for NYSE:TTD

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