Trade Desk (NASDAQ:TTD) Lifted to Buy at StockNews.com

Trade Desk (NASDAQ:TTD) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other analysts have also recently issued reports on the company. Loop Capital boosted their price objective on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Morgan Stanley boosted their price objective on Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Benchmark boosted their price objective on Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research report on Friday, August 9th. Robert W. Baird boosted their price objective on Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Stifel Nicolaus restated a “buy” rating and set a $111.00 price objective (up from $105.00) on shares of Trade Desk in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $109.43.

Trade Desk Stock Down 0.8 %

Shares of TTD stock opened at $108.72 on Wednesday. Trade Desk has a 12 month low of $60.23 and a 12 month high of $112.22. The firm has a market cap of $53.18 billion, a PE ratio of 271.80, a price-to-earnings-growth ratio of 5.27 and a beta of 1.48. The stock has a 50 day moving average of $100.15 and a 200-day moving average of $94.31.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. During the same period in the previous year, the company earned $0.07 earnings per share. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, equities analysts predict that Trade Desk will post 0.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $110.54, for a total value of $22,108,000.00. Following the transaction, the chief executive officer now directly owns 365,180 shares in the company, valued at approximately $40,366,997.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,056,669 shares of company stock valued at $113,117,247. 10.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently made changes to their positions in TTD. Pinnacle Bancorp Inc. lifted its stake in shares of Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after acquiring an additional 163 shares during the period. Riverview Trust Co acquired a new position in Trade Desk in the first quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new position in Trade Desk in the second quarter valued at about $30,000. Jones Financial Companies Lllp lifted its stake in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after buying an additional 418 shares during the period. Finally, EdgeRock Capital LLC acquired a new position in Trade Desk in the second quarter valued at about $37,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Company Profile

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.