Trade Desk Inc (NASDAQ:TTD)’s share price hit a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $91.74 and last traded at $91.56, with a volume of 52498 shares traded. The stock had previously closed at $88.55.

Several equities analysts have recently issued reports on the stock. Needham & Company LLC lifted their price objective on shares of Trade Desk to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 11th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Trade Desk in a research note on Friday, May 11th. Susquehanna Bancshares lifted their price objective on shares of Trade Desk from $81.00 to $105.00 and gave the stock a “positive” rating in a research note on Thursday. Wells Fargo & Co cut shares of Trade Desk from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a research note on Monday, June 4th. Finally, Vetr raised shares of Trade Desk from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, March 13th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $75.44.

The firm has a market capitalization of $3.74 billion, a P/E ratio of 77.14, a PEG ratio of 2.80 and a beta of 2.64.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, May 10th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.10 by $0.24. Trade Desk had a net margin of 16.14% and a return on equity of 24.07%. The company had revenue of $85.70 million during the quarter, compared to analysts’ expectations of $73.25 million. During the same period last year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 60.5% on a year-over-year basis. sell-side analysts predict that Trade Desk Inc will post 1.41 earnings per share for the current fiscal year.

In related news, insider Brian John Stempeck sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $48.14, for a total transaction of $1,083,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul Ross sold 8,682 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $56.18, for a total transaction of $487,754.76. Following the sale, the chief financial officer now owns 67,473 shares of the company’s stock, valued at $3,790,633.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 411,017 shares of company stock valued at $28,621,990. Corporate insiders own 23.54% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Trade Desk by 25.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 144,445 shares of the technology company’s stock worth $6,605,000 after purchasing an additional 28,999 shares during the period. BlackRock Inc. boosted its holdings in shares of Trade Desk by 2.3% during the fourth quarter. BlackRock Inc. now owns 1,401,836 shares of the technology company’s stock worth $64,106,000 after purchasing an additional 32,139 shares during the period. First Trust Advisors LP boosted its holdings in shares of Trade Desk by 53.4% during the fourth quarter. First Trust Advisors LP now owns 48,530 shares of the technology company’s stock worth $2,219,000 after purchasing an additional 16,904 shares during the period. Braun Stacey Associates Inc. boosted its holdings in shares of Trade Desk by 7.7% during the first quarter. Braun Stacey Associates Inc. now owns 315,792 shares of the technology company’s stock worth $15,669,000 after purchasing an additional 22,657 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Trade Desk by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 110,019 shares of the technology company’s stock worth $5,031,000 after purchasing an additional 3,402 shares during the period. Institutional investors and hedge funds own 73.44% of the company’s stock.

About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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