Trade Desk (TTD) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Trade Desk (NASDAQ:TTD) from a hold rating to a buy rating in a report published on Wednesday.

A number of other equities analysts have also issued reports on TTD. Royal Bank of Canada raised their target price on shares of Trade Desk from $80.00 to $126.00 and gave the stock an outperform rating in a research report on Friday, August 10th. Wells Fargo & Co restated a hold rating and set a $110.00 target price on shares of Trade Desk in a research report on Friday, August 10th. Macquarie upgraded shares of Trade Desk to a buy rating and raised their target price for the stock from $95.00 to $130.00 in a research report on Friday, August 10th. Citigroup raised their target price on shares of Trade Desk from $118.00 to $132.00 and gave the stock a buy rating in a research report on Friday, August 10th. Finally, Stifel Nicolaus raised their target price on shares of Trade Desk from $97.00 to $130.00 and gave the stock a buy rating in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Trade Desk has a consensus rating of Buy and an average target price of $118.53.

Shares of Trade Desk stock opened at $142.45 on Wednesday. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 119.71, a P/E/G ratio of 3.61 and a beta of 3.16. Trade Desk has a 52 week low of $40.70 and a 52 week high of $161.50.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 8th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). The business had revenue of $118.80 million for the quarter, compared to analysts’ expectations of $117.48 million. Trade Desk had a return on equity of 22.86% and a net margin of 15.62%. The business’s revenue was up 49.6% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. As a group, equities research analysts anticipate that Trade Desk will post 1.56 EPS for the current fiscal year.

In related news, insider Brian John Stempeck sold 30,000 shares of Trade Desk stock in a transaction on Friday, September 21st. The shares were sold at an average price of $142.42, for a total value of $4,272,600.00. Following the transaction, the insider now directly owns 75,020 shares in the company, valued at approximately $10,684,348.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Terry Green sold 450,000 shares of Trade Desk stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $135.56, for a total transaction of $61,002,000.00. Following the completion of the transaction, the insider now owns 506,178 shares in the company, valued at $68,617,489.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 622,736 shares of company stock worth $84,569,163. 26.87% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in Trade Desk by 287.7% in the third quarter. Tower Research Capital LLC TRC now owns 849 shares of the technology company’s stock valued at $128,000 after acquiring an additional 630 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Trade Desk in the second quarter valued at $147,000. Mount Yale Investment Advisors LLC lifted its holdings in Trade Desk by 235.7% in the second quarter. Mount Yale Investment Advisors LLC now owns 1,655 shares of the technology company’s stock valued at $155,000 after acquiring an additional 1,162 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Trade Desk in the third quarter valued at $177,000. Finally, Strs Ohio acquired a new stake in Trade Desk in the second quarter valued at $187,000. Hedge funds and other institutional investors own 71.68% of the company’s stock.

About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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