The Trade Desk, Inc. (NASDAQ:TTD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of The Trade Desk, Inc. (NASDAQ:TTD) have been given an average rating of “Moderate Buy” by the twenty-nine analysts that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $114.38.

Several brokerages recently weighed in on TTD. Morgan Stanley reduced their price objective on shares of Trade Desk from $145.00 to $132.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. KeyCorp decreased their price target on Trade Desk from $130.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. UBS Group lifted their price objective on Trade Desk from $116.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. JMP Securities decreased their target price on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Finally, Loop Capital dropped their price target on shares of Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th.

Insiders Place Their Bets

In other news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in Trade Desk by 3,876.8% in the first quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company’s stock worth $5,033,000 after acquiring an additional 89,671 shares during the period. 111 Capital purchased a new position in Trade Desk in the fourth quarter valued at approximately $562,000. Lansforsakringar Fondforvaltning AB publ bought a new position in Trade Desk during the fourth quarter valued at $17,176,000. Centaurus Financial Inc. increased its position in Trade Desk by 84.2% in the fourth quarter. Centaurus Financial Inc. now owns 6,486 shares of the technology company’s stock worth $762,000 after buying an additional 2,965 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of Trade Desk in the fourth quarter valued at $591,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 0.2 %

Shares of TTD stock opened at $46.34 on Tuesday. Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The stock’s fifty day simple moving average is $76.65 and its 200 day simple moving average is $106.09. The firm has a market capitalization of $22.99 billion, a P/E ratio of 59.41, a P/E/G ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. As a group, equities research analysts expect that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has authorized a stock repurchase program on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.