The Trade Desk Inc. (NASDAQ:TTD) has been given a consensus broker rating score of 1.56 (Buy) from the nine analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and five have assigned a strong buy recommendation to the company. The Trade Desk’s rating score has improved by 4.3% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price objective of $65.00 for the company and are expecting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also given The Trade Desk an industry rank of 113 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently commented on the company. Vetr upgraded The Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.76 price objective on the stock in a research report on Thursday, November 9th. JMP Securities assumed coverage on The Trade Desk in a research report on Monday, October 2nd. They set an “outperform” rating and a $70.00 price objective on the stock. BidaskClub upgraded The Trade Desk from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada reiterated an “outperform” rating and set a $65.00 price objective on shares of The Trade Desk in a research report on Monday, October 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $63.00 price objective on shares of The Trade Desk in a research report on Friday.
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In other The Trade Desk news, insider David Randall Pickles sold 75,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $49.91, for a total value of $3,743,250.00. Following the completion of the sale, the insider now owns 127,736 shares in the company, valued at approximately $6,375,303.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 7,689 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $61.90, for a total value of $475,949.10. Following the completion of the sale, the chief executive officer now owns 109,711 shares of the company’s stock, valued at approximately $6,791,110.90. The disclosure for this sale can be found here. Insiders have sold a total of 230,894 shares of company stock valued at $13,222,997 over the last 90 days. 26.87% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its holdings in The Trade Desk by 6.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,003,888 shares of the technology company’s stock worth $100,415,000 after buying an additional 122,774 shares during the period. Vanguard Group Inc. lifted its stake in shares of The Trade Desk by 79.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock valued at $99,976,000 after purchasing an additional 885,916 shares during the period. FMR LLC lifted its stake in shares of The Trade Desk by 12.7% in the 2nd quarter. FMR LLC now owns 1,575,792 shares of the technology company’s stock valued at $78,963,000 after purchasing an additional 178,092 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of The Trade Desk by 109.6% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock valued at $71,771,000 after purchasing an additional 748,795 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of The Trade Desk by 79.5% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,196,045 shares of the technology company’s stock valued at $59,933,000 after purchasing an additional 529,645 shares during the period. Institutional investors and hedge funds own 62.66% of the company’s stock.
The Trade Desk (NASDAQ TTD) opened at $48.40 on Tuesday. The firm has a market capitalization of $2,079.58, a PE ratio of 49.03 and a beta of 7.32. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.14. The Trade Desk has a one year low of $24.80 and a one year high of $67.30.
The Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. The business had revenue of $79.40 million for the quarter, compared to analyst estimates of $76.84 million. The Trade Desk had a return on equity of 25.60% and a net margin of 15.93%. The company’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. equities analysts predict that The Trade Desk will post 1.16 earnings per share for the current fiscal year.
The 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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