The Trade Desk, Inc. (NASDAQ:TTD) Given Average Rating of “Moderate Buy” by Brokerages

The Trade Desk, Inc. (NASDAQ:TTD) has been given an average recommendation of “Moderate Buy” by the twenty-six research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $89.75.

Several research firms recently commented on TTD. Stifel Nicolaus increased their target price on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. KeyCorp lifted their price objective on Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. BMO Capital Markets lifted their price target on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Susquehanna increased their price objective on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th.

Insider Activity

In other news, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the sale, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Trade Desk news, CEO Jeffrey Terry Green sold 2,600 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $86.41, for a total value of $224,666.00. Following the sale, the chief executive officer now directly owns 974,022 shares of the company’s stock, valued at $84,165,241.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Samantha Jacobson sold 15,006 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the transaction, the insider now owns 52,387 shares of the company’s stock, valued at $4,377,981.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 492,170 shares of company stock worth $41,250,398. Corporate insiders own 10.18% of the company’s stock.

Institutional Trading of Trade Desk

Institutional investors have recently bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its stake in Trade Desk by 94.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,660 shares of the technology company’s stock valued at $599,000 after purchasing an additional 3,727 shares during the last quarter. CWM LLC increased its holdings in Trade Desk by 8.5% in the 3rd quarter. CWM LLC now owns 13,042 shares of the technology company’s stock worth $1,019,000 after buying an additional 1,017 shares in the last quarter. AE Wealth Management LLC raised its position in Trade Desk by 0.5% in the 3rd quarter. AE Wealth Management LLC now owns 85,055 shares of the technology company’s stock worth $6,647,000 after buying an additional 403 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Trade Desk by 68.6% during the 3rd quarter. Geneos Wealth Management Inc. now owns 8,535 shares of the technology company’s stock valued at $667,000 after acquiring an additional 3,473 shares during the period. Finally, RVW Wealth LLC purchased a new stake in shares of Trade Desk during the 3rd quarter valued at about $43,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Up 0.7 %

TTD opened at $77.84 on Tuesday. The stock has a market cap of $38.06 billion, a PE ratio of 216.23, a P/E/G ratio of 4.26 and a beta of 1.50. The business’s fifty day simple moving average is $83.05 and its 200 day simple moving average is $75.63. Trade Desk has a 52 week low of $59.36 and a 52 week high of $94.00.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The firm had revenue of $605.80 million during the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. As a group, equities analysts anticipate that Trade Desk will post 0.79 earnings per share for the current year.

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.