Trade Desk Inc (NASDAQ:TTD)’s share price rose 6.7% during mid-day trading on Monday . The stock traded as high as $49.29 and last traded at $48.30. Approximately 1,572,795 shares changed hands during mid-day trading, an increase of 66% from the average daily volume of 945,427 shares. The stock had previously closed at $45.25.

TTD has been the subject of several recent analyst reports. Royal Bank of Canada lifted their price target on Trade Desk from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Jefferies Group reaffirmed a “buy” rating and issued a $63.00 price target on shares of Trade Desk in a research report on Friday, November 10th. Macquarie initiated coverage on Trade Desk in a research report on Thursday, October 12th. They issued an “outperform” rating and a $78.00 target price for the company. Vetr downgraded Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 price target for the company. in a research note on Tuesday, October 31st. Finally, BidaskClub downgraded Trade Desk from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $67.07.

The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1,983.87, a PE ratio of 46.44 and a beta of 5.19.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The business had revenue of $79.40 million for the quarter, compared to the consensus estimate of $76.84 million. During the same quarter in the prior year, the company earned $0.24 EPS. The business’s revenue was up 49.8% compared to the same quarter last year. equities analysts forecast that Trade Desk Inc will post 1.29 EPS for the current year.

In related news, CFO Paul Ross sold 3,705 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $63.33, for a total transaction of $234,637.65. Following the sale, the chief financial officer now owns 53,451 shares of the company’s stock, valued at $3,385,051.83. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Robert David Perdue sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $48.08, for a total value of $360,600.00. Following the sale, the chief operating officer now directly owns 97,983 shares in the company, valued at approximately $4,711,022.64. The disclosure for this sale can be found here. Insiders have sold a total of 151,894 shares of company stock worth $9,180,577 in the last three months. Corporate insiders own 26.87% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Optimum Investment Advisors raised its stake in Trade Desk by 22.6% in the third quarter. Optimum Investment Advisors now owns 6,500 shares of the technology company’s stock valued at $400,000 after buying an additional 1,200 shares during the last quarter. GSA Capital Partners LLP raised its stake in Trade Desk by 48.2% in the third quarter. GSA Capital Partners LLP now owns 27,294 shares of the technology company’s stock valued at $1,679,000 after buying an additional 8,875 shares during the last quarter. Ashford Capital Management Inc. raised its stake in Trade Desk by 21.1% in the third quarter. Ashford Capital Management Inc. now owns 302,740 shares of the technology company’s stock valued at $18,622,000 after buying an additional 52,795 shares during the last quarter. Bamco Inc. NY raised its stake in Trade Desk by 44.6% in the third quarter. Bamco Inc. NY now owns 860,083 shares of the technology company’s stock valued at $52,904,000 after buying an additional 265,270 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Trade Desk by 6.7% in the third quarter. Janus Henderson Group PLC now owns 518,193 shares of the technology company’s stock valued at $31,874,000 after buying an additional 32,423 shares during the last quarter. 65.46% of the stock is currently 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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