Somewhat Positive Media Coverage Somewhat Unlikely to Affect The Trade Desk (TTD) Share Price
Headlines about The Trade Desk (NASDAQ:TTD) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Trade Desk earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 44.9629017056963 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Jeffrey Terry Green Sells 7,689 Shares of The Trade Desk Inc. (TTD) Stock (americanbankingnews.com)
- Jeffrey Terry Green Sells 9,000 Shares of The Trade Desk Inc. (TTD) Stock (americanbankingnews.com)
- The Trade Desk Inc. (TTD) Stock Rating Reaffirmed by Susquehanna Bancshares Inc (americanbankingnews.com)
- Today’s Research Report Coverage on Application Software Stocks — Trade Desk, Five9, MINDBODY, and Proofpoint (sip-trunking.tmcnet.com)
- Today’s Research Report Coverage on Application Software Stocks — Trade Desk, Five9, MINDBODY, and Proofpoint – Broadway World (broadwayworld.com)
The Trade Desk (TTD) opened at 60.14 on Thursday. The firm has a market capitalization of $2.45 billion and a PE ratio of 55.53. The company’s 50-day moving average is $59.62 and its 200-day moving average is $59.62. The Trade Desk has a 52-week low of $22.01 and a 52-week high of $62.86.
The Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The Trade Desk’s revenue was up 54.2% on a year-over-year basis. Analysts forecast that The Trade Desk will post $1.43 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $62.00 price objective (up from $56.00) on shares of The Trade Desk in a research report on Friday, August 11th. Zacks Investment Research cut shares of The Trade Desk from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price objective (up from $57.00) on shares of The Trade Desk in a research report on Friday, August 11th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $66.00 price objective (up from $60.00) on shares of The Trade Desk in a research report on Monday, August 14th. Finally, Cantor Fitzgerald set a $60.00 price objective on shares of The Trade Desk and gave the stock a “buy” rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.64.
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In other The Trade Desk news, insider David Randall Pickles sold 75,000 shares of The Trade Desk stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $55.60, for a total transaction of $4,170,000.00. Following the transaction, the insider now directly owns 240,517 shares of the company’s stock, valued at $13,372,745.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Terry Green sold 9,000 shares of The Trade Desk stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $51.05, for a total transaction of $459,450.00. Following the transaction, the insider now directly owns 144,400 shares in the company, valued at $7,371,620. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,704 shares of company stock valued at $17,504,114. 26.87% of the stock is currently owned by company insiders.
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.
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