Trade Desk (NASDAQ:TTD) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

by · The Cerbat Gem

The Trade Desk (NASDAQ:TTD – Get Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $13.08 and traded as high as $13.68. Trade Desk shares last traded at $13.23, with a volume of 15,001,223 shares changing hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. Zacks Research upgraded Trade Desk from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. HSBC cut Trade Desk from a “hold” rating to a “reduce” rating and set a $10.00 target price for the company. in a research note on Monday, August 10th. Wall Street Zen cut Trade Desk from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Needham & Company LLC lowered their price objective on shares of Trade Desk from $25.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Wells Fargo & Company set a $12.00 price objective on shares of Trade Desk and gave the company an “equal weight” rating in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat, Trade Desk has a consensus rating of “Reduce” and a consensus target price of $18.16.

Read Our Latest Analysis on Trade Desk

Trade Desk Stock Performance

The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.36 and a beta of 0.98. The firm has a fifty day moving average of $13.06 and a 200-day moving average of $19.62.

Trade Desk (NASDAQ:TTD – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). The business had revenue of $715.06 million for the quarter, compared to analysts’ expectations of $752.41 million. Trade Desk had a return on equity of 16.09% and a net margin of 13.61%. Trade Desk’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, analysts predict that The Trade Desk will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Money Concepts Capital Corp increased its position in shares of Trade Desk by 12.6% during the 3rd quarter. Money Concepts Capital Corp now owns 66,491 shares of the technology company’s stock valued at $809,000 after purchasing an additional 7,421 shares during the last quarter. Point Windward Advisors Inc. increased its stake in shares of Trade Desk by 19.4% during the third quarter. Point Windward Advisors Inc. now owns 93,750 shares of the technology company’s stock valued at $1,141,000 after buying an additional 15,200 shares during the period. Fifth Third Bancorp raised its holdings in Trade Desk by 50.3% in the 3rd quarter. Fifth Third Bancorp now owns 115,078 shares of the technology company’s stock worth $1,401,000 after purchasing an additional 38,524 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in Trade Desk by 438.5% in the third quarter. Maryland State Retirement & Pension System now owns 116,795 shares of the technology company’s stock worth $1,421,000 after buying an additional 95,106 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in shares of Trade Desk in the 3rd quarter worth about $170,000. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Company Profile

(Get Free Report)

The Trade Desk, Inc is a technology company that provides a cloud-based platform for digital advertising. Its demand-side platform enables advertisers and advertising agencies to plan, purchase, optimize and measure programmatic campaigns across channels including connected television, display, mobile, audio, native advertising and digital out-of-home media.

The company’s platform is designed to help clients use data and automated bidding to reach audiences across websites, applications, streaming services and other digital properties.

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