The Trade Desk (NASDAQ:TTD) Shares Gap Down to $81.06

The Trade Desk, Inc. (NASDAQ:TTD)’s share price gapped down before the market opened on Friday . The stock had previously closed at $81.06, but opened at $77.60. The Trade Desk shares last traded at $75.90, with a volume of 79,959 shares trading hands.

Several brokerages have commented on TTD. Citigroup upped their target price on shares of The Trade Desk from $60.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, August 17th. Evercore ISI upgraded shares of The Trade Desk to an “outperform” rating and upped their price objective for the company from $70.00 to $95.00 in a research report on Thursday, July 8th. Zacks Investment Research cut shares of The Trade Desk from a “buy” rating to a “hold” rating in a research report on Wednesday, October 13th. Stephens upped their price objective on shares of The Trade Desk from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, August 10th. Finally, KeyCorp upped their price objective on shares of The Trade Desk from $74.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, August 10th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, The Trade Desk presently has an average rating of “Buy” and an average price target of $87.77.

The stock’s 50 day moving average price is $75.46 and its 200 day moving average price is $74.63. The company has a market capitalization of $35.40 billion, a price-to-earnings ratio of 138.50, a P/E/G ratio of 7.66 and a beta of 2.48.

The Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Monday, August 9th. The technology company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The Trade Desk had a net margin of 25.44% and a return on equity of 25.01%. The company had revenue of $279.97 million during the quarter, compared to the consensus estimate of $262.82 million. During the same period in the prior year, the business posted $0.92 EPS. The company’s quarterly revenue was up 100.9% on a year-over-year basis. On average, equities analysts anticipate that The Trade Desk, Inc. will post 0.41 earnings per share for the current year.

In other The Trade Desk news, Director Eric B. Paley sold 3,634 shares of the stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $80.30, for a total value of $291,810.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Blake Jeffrey Grayson sold 10,000 shares of the stock in a transaction dated Tuesday, August 17th. The shares were sold at an average price of $78.78, for a total transaction of $787,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,237 shares of company stock worth $4,366,946. 10.72% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Private Advisory Group LLC bought a new position in shares of The Trade Desk during the third quarter worth approximately $1,604,000. EFG Asset Management Americas Corp. increased its holdings in shares of The Trade Desk by 1.2% during the third quarter. EFG Asset Management Americas Corp. now owns 36,786 shares of the technology company’s stock worth $2,586,000 after purchasing an additional 447 shares during the period. Spire Wealth Management increased its holdings in shares of The Trade Desk by 410.8% during the third quarter. Spire Wealth Management now owns 163,614 shares of the technology company’s stock worth $11,509,000 after purchasing an additional 131,585 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of The Trade Desk by 22.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 50,763 shares of the technology company’s stock worth $3,470,000 after purchasing an additional 9,266 shares during the period. Finally, Total Clarity Wealth Management Inc. bought a new position in shares of The Trade Desk during the third quarter worth approximately $177,000. 59.30% of the stock is currently owned by hedge funds and other institutional investors.

The Trade Desk Company Profile (NASDAQ:TTD)

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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