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.
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.
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.
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.