Trade Desk Inc (NASDAQ:TTD) shares gapped down before the market opened on Tuesday . The stock had previously closed at $219.03, but opened at $213.67. Trade Desk shares last traded at $210.06, with a volume of 2,330,755 shares changing hands.

TTD has been the subject of a number of research reports. Pivotal Research reiterated a “buy” rating and issued a $300.00 price objective on shares of Trade Desk in a research report on Thursday, August 8th. Raymond James cut shares of Trade Desk from an “outperform” rating to a “market perform” rating and set a $210.00 price target for the company. in a research report on Friday, August 9th. Royal Bank of Canada boosted their price target on shares of Trade Desk to $250.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. ValuEngine lowered shares of Trade Desk from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, SunTrust Banks raised their price objective on shares of Trade Desk from $206.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Trade Desk presently has a consensus rating of “Hold” and an average target price of $225.67.

The company’s fifty day simple moving average is $252.08 and its two-hundred day simple moving average is $223.35. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 109.41, a price-to-earnings-growth ratio of 4.63 and a beta of 2.77.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.51. Trade Desk had a net margin of 17.44% and a return on equity of 23.63%. The company had revenue of $159.90 million for the quarter, compared to analysts’ expectations of $155.26 million. During the same period last year, the firm posted $0.60 earnings per share. The business’s quarterly revenue was up 42.4% compared to the same quarter last year. Equities research analysts expect that Trade Desk Inc will post 1.83 earnings per share for the current year.

In related news, CFO Paul Ross sold 2,682 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $232.51, for a total transaction of $623,591.82. Following the completion of the sale, the chief financial officer now directly owns 37,784 shares of the company’s stock, valued at approximately $8,785,157.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Susan Vobejda sold 365 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $242.00, for a total transaction of $88,330.00. Following the sale, the insider now owns 37,194 shares in the company, valued at $9,000,948. The disclosure for this sale can be found here. Insiders have sold a total of 490,124 shares of company stock worth $125,834,431 in the last ninety days. 17.44% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. CSat Investment Advisory L.P. bought a new stake in shares of Trade Desk during the second quarter worth $27,000. Coastal Investment Advisors Inc. acquired a new stake in shares of Trade Desk during the second quarter worth $34,000. Truvestments Capital LLC bought a new stake in Trade Desk in the 2nd quarter valued at $34,000. Banco de Sabadell S.A bought a new stake in Trade Desk in the 2nd quarter valued at $36,000. Finally, Valeo Financial Advisors LLC boosted its stake in Trade Desk by 59.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock worth $36,000 after purchasing an additional 59 shares during the period. 66.45% of the stock is currently owned by hedge funds and other institutional investors.

About Trade Desk (NASDAQ:TTD)

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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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