Brokerages Set Trade Desk Inc (NASDAQ:TTD) Target Price at $227.65

Shares of Trade Desk Inc (NASDAQ:TTD) have been given an average rating of “Hold” by the nineteen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $227.65.

Several equities analysts have recently issued reports on TTD shares. ValuEngine lowered Trade Desk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. Zacks Investment Research lowered Trade Desk from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. BidaskClub lowered Trade Desk from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. SunTrust Banks increased their price objective on Trade Desk from $206.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Raymond James lowered Trade Desk from an “outperform” rating to a “market perform” rating and set a $210.00 price objective for the company. in a report on Friday, August 9th.

In other Trade Desk news, CEO Jeffrey Terry Green sold 10,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $233.50, for a total transaction of $2,335,000.00. Following the completion of the transaction, the chief executive officer now directly owns 103,392 shares of the company’s stock, valued at $24,142,032. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul Ross sold 2,682 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $232.51, for a total value of $623,591.82. Following the transaction, the chief financial officer now directly owns 37,784 shares of the company’s stock, valued at $8,785,157.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 484,452 shares of company stock valued at $124,059,971. 17.44% of the stock is owned by corporate insiders.



Institutional investors have recently bought and sold shares of the company. CSat Investment Advisory L.P. purchased a new position in shares of Trade Desk in the second quarter worth $27,000. Coastal Investment Advisors Inc. acquired a new position in Trade Desk during the 2nd quarter worth approximately $34,000. Truvestments Capital LLC acquired a new position in Trade Desk during the 2nd quarter worth approximately $34,000. Banco de Sabadell S.A acquired a new position in Trade Desk during the 2nd quarter worth approximately $36,000. Finally, Valeo Financial Advisors LLC grew its holdings in Trade Desk by 59.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock worth $36,000 after acquiring an additional 59 shares in the last quarter. 65.59% of the stock is owned by hedge funds and other institutional investors.

Shares of TTD stock traded down $7.18 during trading on Friday, hitting $203.20. The company’s stock had a trading volume of 585,956 shares, compared to its average volume of 1,274,272. The company has a market cap of $9.60 billion, a PE ratio of 105.83, a P/E/G ratio of 4.19 and a beta of 2.77. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $243.73 and a 200-day moving average of $223.86. Trade Desk has a 52 week low of $102.35 and a 52 week high of $289.51.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 8th. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.51. The company had revenue of $159.90 million during the quarter, compared to analyst estimates of $155.26 million. Trade Desk had a return on equity of 23.63% and a net margin of 17.44%. Trade Desk’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. As a group, research analysts predict that Trade Desk will post 1.85 EPS for the current year.

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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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