The Trade Desk, Inc. (NASDAQ:TTD) Receives $98.75 Consensus Target Price from Analysts

Shares of The Trade Desk, Inc. (NASDAQ:TTD) have been assigned a consensus recommendation of “Buy” from the twenty-one research firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $98.75.

TTD has been the topic of several recent analyst reports. KeyCorp increased their target price on shares of Trade Desk from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 9th. Royal Bank of Canada raised their price target on shares of Trade Desk from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 9th. DA Davidson increased their target price on shares of Trade Desk from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, November 9th. Zacks Investment Research upgraded shares of Trade Desk from a “sell” rating to a “hold” rating and set a $88.00 price target on the stock in a report on Friday, January 7th. Finally, Susquehanna Bancshares lifted their target price on shares of Trade Desk from $105.00 to $115.00 and gave the stock a “positive” rating in a research note on Tuesday, November 9th.

Shares of TTD opened at $75.47 on Wednesday. Trade Desk has a twelve month low of $46.71 and a twelve month high of $114.09. The company has a market cap of $36.27 billion, a P/E ratio of 132.41, a P/E/G ratio of 16.88 and a beta of 2.28. The company’s fifty day simple moving average is $93.75 and its 200-day simple moving average is $82.49.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Sunday, November 7th. The technology company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Trade Desk had a net margin of 25.13% and a return on equity of 24.03%. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $283.93 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. As a group, sell-side analysts forecast that Trade Desk will post 0.33 EPS for the current year.

In related news, CFO Blake Jeffrey Grayson sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, December 16th. The stock was sold at an average price of $91.40, for a total value of $822,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathryn E. Falberg sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, November 19th. The shares were sold at an average price of $108.59, for a total value of $16,288,500.00. The disclosure for this sale can be found here. Insiders have sold 296,780 shares of company stock worth $31,831,928 over the last 90 days. Insiders own 10.72% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TTD. Credit Agricole S A raised its position in Trade Desk by 1,334.8% in the second quarter. Credit Agricole S A now owns 330 shares of the technology company’s stock worth $26,000 after acquiring an additional 307 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Trade Desk by 4,140.0% in the third quarter. Parkside Financial Bank & Trust now owns 424 shares of the technology company’s stock valued at $29,000 after buying an additional 414 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Trade Desk by 900.0% during the second quarter. Ameritas Investment Partners Inc. now owns 400 shares of the technology company’s stock valued at $30,000 after acquiring an additional 360 shares during the last quarter. Covington Capital Management boosted its stake in shares of Trade Desk by 900.0% during the second quarter. Covington Capital Management now owns 400 shares of the technology company’s stock valued at $31,000 after acquiring an additional 360 shares during the last quarter. Finally, TCI Wealth Advisors Inc. boosted its stake in shares of Trade Desk by 53.0% during the third quarter. TCI Wealth Advisors Inc. now owns 459 shares of the technology company’s stock valued at $32,000 after acquiring an additional 159 shares during the last quarter. Institutional investors and hedge funds own 59.77% of the company’s stock.

Trade Desk Company Profile

The Trade Desk, Inc offers a technology platform for advertising buyers. It operates through United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.

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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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