Trade Desk (TTD) Coverage Initiated at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Trade Desk (NASDAQ:TTD) in a research note published on Thursday, Marketbeat reports. The firm issued a buy rating and a $62.00 price objective on the technology company’s stock.

A number of other research firms also recently commented on TTD. Vetr downgraded Trade Desk from a strong-buy rating to a buy rating and set a $71.92 price objective for the company. in a report on Tuesday, October 31st. Zacks Investment Research downgraded Trade Desk from a buy rating to a hold rating in a report on Friday, October 13th. Macquarie began coverage on Trade Desk in a report on Thursday, October 12th. They issued an outperform rating and a $78.00 price target for the company. SunTrust Banks restated a hold rating and issued a $55.00 price target on shares of Trade Desk in a report on Monday, November 6th. Finally, Royal Bank of Canada restated an outperform rating and issued a $65.00 price target on shares of Trade Desk in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $63.65.

Trade Desk (NASDAQ:TTD) traded down $1.00 during midday trading on Thursday, reaching $47.36. The company had a trading volume of 1,490,470 shares, compared to its average volume of 831,457. The company has a market capitalization of $1,950.00 and a P/E ratio of 46.43. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. Trade Desk has a fifty-two week low of $28.11 and a fifty-two week high of $67.30.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 9th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. The business had revenue of $79.40 million during the quarter, compared to the consensus estimate of $76.84 million. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The firm’s revenue was up 49.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. equities research analysts predict that Trade Desk will post 1.28 EPS for the current year.

In related news, insider Brian John Stempeck sold 10,000 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 9,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $66.26, for a total value of $596,340.00. Following the transaction, the chief executive officer now owns 99,400 shares of the company’s stock, valued at $6,586,244. The disclosure for this sale can be found here. Insiders sold 92,888 shares of company stock valued at $4,936,706 over the last 90 days. Corporate insiders own 26.87% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Advisor Group Inc. grew its holdings in shares of Trade Desk by 9,856.5% during the second quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after buying an additional 2,267 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Trade Desk by 665.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock worth $117,000 after buying an additional 2,029 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Trade Desk by 129.2% during the fourth 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. Great West Life Assurance Co. Can boosted its position in Trade Desk by 57.7% during the third 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. Finally, Legal & General Group Plc boosted its position in Trade Desk by 75.4% during the second quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock valued at $195,000 after purchasing an additional 1,664 shares during the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.

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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.

Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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