Shares of The Trade Desk Inc. (NASDAQ:TTD) have been assigned a consensus recommendation of “Buy” from the eleven brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $56.00.

A number of analysts have recently weighed in on the company. BidaskClub raised The Trade Desk from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Cantor Fitzgerald restated a “buy” rating and issued a $62.00 target price on shares of The Trade Desk in a research note on Thursday. Susquehanna Bancshares Inc restated a “positive” rating and issued a $66.00 target price on shares of The Trade Desk in a research note on Thursday, September 7th. Zacks Investment Research lowered The Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Finally, Citigroup Inc. restated a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of The Trade Desk in a research note on Friday, August 11th.

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The Trade Desk (NASDAQ TTD) traded up 0.44% on Wednesday, hitting $59.80. The stock had a trading volume of 494,955 shares. The Trade Desk has a 52-week low of $22.01 and a 52-week high of $62.86. The firm has a market cap of $2.44 billion and a PE ratio of 55.22. The company has a 50-day moving average price of $60.54 and a 200 day moving average price of $60.54.

The Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.29. The firm had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $68.02 million. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The company’s revenue was up 54.2% compared to the same quarter last year. Equities analysts forecast that The Trade Desk will post $1.44 earnings per share for the current fiscal year.

In other The Trade Desk news, insider David Randall Pickles sold 70,000 shares of The Trade Desk stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $60.89, for a total transaction of $4,262,300.00. Following the completion of the transaction, the insider now owns 56,499 shares in the company, valued at approximately $3,440,224.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian John Stempeck sold 35,000 shares of The Trade Desk stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $49.19, for a total value of $1,721,650.00. Following the transaction, the insider now owns 27,925 shares of the company’s stock, valued at approximately $1,373,630.75. The disclosure for this sale can be found here. Insiders sold a total of 344,215 shares of company stock valued at $18,563,203 in the last 90 days. 26.87% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in shares of The Trade Desk by 2,223.5% during the 1st quarter. Wellington Management Group LLP now owns 3,437,494 shares of the technology company’s stock valued at $128,047,000 after buying an additional 3,289,552 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of The Trade Desk by 6.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,003,888 shares of the technology company’s stock valued at $100,415,000 after buying an additional 122,774 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of The Trade Desk by 79.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock valued at $99,976,000 after buying an additional 885,916 shares during the last quarter. FMR LLC raised its stake in shares of The Trade Desk by 12.7% during the 2nd quarter. FMR LLC now owns 1,575,792 shares of the technology company’s stock valued at $78,963,000 after buying an additional 178,092 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of The Trade Desk by 109.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock valued at $71,771,000 after buying an additional 748,795 shares during the last quarter. Institutional investors and hedge funds own 62.80% of the company’s stock.

The 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.

Analyst Recommendations for The Trade Desk (NASDAQ:TTD)

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