SunTrust Banks reissued their buy rating on shares of Trade Desk (NASDAQ:TTD) in a report released on Friday. The firm currently has a $60.00 price objective on the technology company’s stock. SunTrust Banks also issued estimates for Trade Desk’s FY2022 earnings at $4.75 EPS.
Several other equities analysts also recently commented on TTD. Cantor Fitzgerald reiterated a buy rating and issued a $62.00 price objective on shares of Trade Desk in a research note on Thursday, September 21st. JMP Securities initiated coverage on Trade Desk in a research report on Monday, October 2nd. They set an outperform rating and a $70.00 target price on the stock. Royal Bank of Canada restated an outperform rating and set a $65.00 target price on shares of Trade Desk in a research report on Monday, October 2nd. Susquehanna Bancshares restated a positive rating and set a $66.00 target price on shares of Trade Desk in a research report on Wednesday, October 4th. Finally, Needham & Company LLC restated a buy rating and set a $66.00 target price (up previously from $62.00) on shares of Trade Desk in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $63.79.
Trade Desk (NASDAQ TTD) traded up $0.17 during trading on Friday, reaching $49.13. Trade Desk has a one year low of $28.11 and a one year high of $67.30. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.13. The company has a market cap of $2,020.00 and a PE ratio of 48.17.
Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The business had revenue of $79.40 million for the quarter, compared to the consensus estimate of $76.84 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. Trade Desk’s revenue for the quarter was up 49.8% on a year-over-year basis. sell-side analysts expect that Trade Desk will post 1.28 earnings per share for the current fiscal year.
In other Trade Desk news, insider Brian John Stempeck sold 10,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $48.78, for a total transaction of $487,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Robert David Perdue sold 7,500 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $46.37, for a total value of $347,775.00. Following the sale, the chief operating officer now owns 102,238 shares in the company, valued at approximately $4,740,776.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,616 shares of company stock worth $4,322,870. Company insiders own 26.87% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Trade Desk by 9.0% in the second quarter. Royal Bank of Canada now owns 8,676 shares of the technology company’s stock worth $435,000 after purchasing an additional 720 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Trade Desk by 57.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,038 shares during the period. Optimum Investment Advisors increased its holdings in shares of Trade Desk by 22.6% in the third quarter. Optimum Investment Advisors now owns 6,500 shares of the technology company’s stock worth $400,000 after purchasing an additional 1,200 shares during the period. Quantbot Technologies LP increased its holdings in shares of Trade Desk by 22.9% in the second quarter. Quantbot Technologies LP now owns 7,488 shares of the technology company’s stock worth $375,000 after purchasing an additional 1,395 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Trade Desk by 75.4% in the second quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock worth $195,000 after purchasing an additional 1,664 shares during the period. 65.38% of the stock is currently owned by hedge funds and other institutional investors.
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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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