Trade Desk (NASDAQ:TTD) Coverage Initiated by Analysts at JMP Securities

JMP Securities assumed coverage on shares of Trade Desk (NASDAQ:TTD) in a research note released on Tuesday, MarketBeat Ratings reports. The firm issued a mkt outperform rating and a $150.00 target price on the technology company’s stock.

TTD has been the topic of several other research reports. Needham & Company LLC boosted their price target on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Scotiabank assumed coverage on Trade Desk in a report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective on the stock. DA Davidson lifted their price objective on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. Royal Bank of Canada lifted their price objective on Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $150.00 price objective on shares of Trade Desk in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Stock Up 0.1 %

Shares of TTD stock opened at $124.50 on Tuesday. The stock has a market capitalization of $61.45 billion, a PE ratio of 204.10, a price-to-earnings-growth ratio of 3.94 and a beta of 1.45. Trade Desk has a 52-week low of $66.56 and a 52-week high of $141.53. The stock’s 50-day moving average price is $126.07 and its 200 day moving average price is $113.24.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter last year, the firm earned $0.08 EPS. Analysts expect that Trade Desk will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently modified their holdings of TTD. First Citizens Bank & Trust Co. acquired a new stake in Trade Desk during the fourth quarter worth about $359,000. Jacksonville Wealth Management LLC bought a new stake in Trade Desk during the fourth quarter worth approximately $1,318,000. Juncture Wealth Strategies LLC boosted its holdings in Trade Desk by 2.2% during the fourth quarter. Juncture Wealth Strategies LLC now owns 6,639 shares of the technology company’s stock worth $780,000 after buying an additional 143 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Trade Desk by 6.5% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 24,394 shares of the technology company’s stock worth $2,867,000 after buying an additional 1,479 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Trade Desk by 16.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 35,214 shares of the technology company’s stock worth $4,139,000 after buying an additional 5,056 shares in the last quarter. Institutional investors 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.