The Trade Desk, Inc. (NASDAQ:TTD – Get Free Report) has been given an average recommendation of “Moderate Buy” by the twenty-six research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $89.75.
Several research firms recently commented on TTD. Stifel Nicolaus increased their target price on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. KeyCorp lifted their price objective on Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. BMO Capital Markets lifted their price target on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Susquehanna increased their price objective on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th.
Check Out Our Latest Stock Report on Trade Desk
Insider Activity
Institutional Trading of Trade Desk
Institutional investors have recently bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its stake in Trade Desk by 94.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,660 shares of the technology company’s stock valued at $599,000 after purchasing an additional 3,727 shares during the last quarter. CWM LLC increased its holdings in Trade Desk by 8.5% in the 3rd quarter. CWM LLC now owns 13,042 shares of the technology company’s stock worth $1,019,000 after buying an additional 1,017 shares in the last quarter. AE Wealth Management LLC raised its position in Trade Desk by 0.5% in the 3rd quarter. AE Wealth Management LLC now owns 85,055 shares of the technology company’s stock worth $6,647,000 after buying an additional 403 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Trade Desk by 68.6% during the 3rd quarter. Geneos Wealth Management Inc. now owns 8,535 shares of the technology company’s stock valued at $667,000 after acquiring an additional 3,473 shares during the period. Finally, RVW Wealth LLC purchased a new stake in shares of Trade Desk during the 3rd quarter valued at about $43,000. 67.77% of the stock is owned by hedge funds and other institutional investors.
Trade Desk Stock Up 0.7 %
TTD opened at $77.84 on Tuesday. The stock has a market cap of $38.06 billion, a PE ratio of 216.23, a P/E/G ratio of 4.26 and a beta of 1.50. The business’s fifty day simple moving average is $83.05 and its 200 day simple moving average is $75.63. Trade Desk has a 52 week low of $59.36 and a 52 week high of $94.00.
Trade Desk (NASDAQ:TTD – Get Free Report) last released its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The firm had revenue of $605.80 million during the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. As a group, equities analysts anticipate that Trade Desk will post 0.79 earnings per share for the current year.
About Trade Desk
The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.
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