Vetr upgraded shares of Trade Desk (NASDAQ:TTD) from a buy rating to a strong-buy rating in a report released on Monday morning. Vetr currently has $65.00 target price on the technology company’s stock.
Several other analysts have also recently issued reports on TTD. BidaskClub cut Trade Desk from a hold rating to a sell rating in a research report on Thursday, December 7th. SunTrust Banks upgraded Trade Desk from a hold rating to a buy rating and increased their target price for the stock from $45.25 to $55.00 in a research report on Monday, December 11th. Wells Fargo initiated coverage on Trade Desk in a research report on Wednesday, December 20th. They set an outperform rating and a $60.00 target price for the company. Zacks Investment Research upgraded Trade Desk from a hold rating to a buy rating and set a $54.00 target price for the company in a research report on Thursday, January 11th. Finally, Stifel Nicolaus initiated coverage on Trade Desk in a research report on Thursday, January 18th. They set a buy rating and a $62.00 target price for the company. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Trade Desk presently has an average rating of Buy and a consensus price target of $66.38.
Shares of Trade Desk stock opened at $56.51 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.48 and a current ratio of 1.48. Trade Desk has a 1 year low of $34.79 and a 1 year high of $67.30. The stock has a market capitalization of $2,326.86, a PE ratio of 49.14, a P/E/G ratio of 1.88 and a beta of 1.45.
Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, February 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. Trade Desk had a return on equity of 25.10% and a net margin of 16.48%. The firm had revenue of $102.60 million during the quarter, compared to analysts’ expectations of $101.71 million. During the same quarter last year, the business posted $0.33 earnings per share. The firm’s revenue was up 41.7% on a year-over-year basis. analysts forecast that Trade Desk will post 1.18 EPS for the current fiscal year.
In other Trade Desk news, CFO Paul Ross sold 3,729 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $59.71, for a total transaction of $222,658.59. Following the completion of the transaction, the chief financial officer now owns 71,101 shares in the company, valued at approximately $4,245,440.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Terry Green sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $56.26, for a total value of $506,340.00. The disclosure for this sale can be found here. Insiders have sold a total of 774,024 shares of company stock valued at $44,304,381 in the last 90 days. 26.87% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can lifted its stake in shares of Trade Desk by 57.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,038 shares during the last quarter. Optimum Investment Advisors lifted its stake in shares of Trade Desk by 22.6% in the 3rd quarter. Optimum Investment Advisors now owns 6,500 shares of the technology company’s stock valued at $400,000 after purchasing an additional 1,200 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Trade Desk by 129.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock valued at $126,000 after purchasing an additional 1,550 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Trade Desk by 39.7% in the 4th quarter. Advisor Group Inc. now owns 5,578 shares of the technology company’s stock valued at $254,000 after purchasing an additional 1,584 shares during the last quarter. Finally, Shaker Investments LLC OH lifted its stake in shares of Trade Desk by 3.1% in the 4th quarter. Shaker Investments LLC OH now owns 54,160 shares of the technology company’s stock valued at $2,477,000 after purchasing an additional 1,640 shares during the last quarter. 72.89% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Trade Desk (TTD) Lifted to “Strong-Buy” at Vetr” was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.thelincolnianonline.com/2018/03/22/trade-desk-ttd-lifted-to-strong-buy-at-vetr-2.html.
About Trade Desk
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.