Trade Desk (NASDAQ:TTD) Upgraded at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Trade Desk (NASDAQ:TTD – Free Report) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Several other analysts also recently weighed in on TTD. Wedbush restated an outperform rating and set a $115.00 target price (up previously from $110.00) on shares of Trade Desk in a research note on Thursday, September 12th. Wolfe Research assumed coverage on Trade Desk in a research report on Tuesday, July 16th. They issued an outperform rating and a $115.00 price objective for the company. Susquehanna boosted their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock a positive rating in a research report on Friday, August 9th. Loop Capital increased their price target on shares of Trade Desk from $109.00 to $120.00 and gave the company a buy rating in a report on Monday, August 26th. Finally, KeyCorp raised their price target on shares of Trade Desk from $105.00 to $115.00 and gave the stock an overweight rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $109.89.

Read Our Latest Stock Analysis on TTD

Trade Desk Stock Up 1.4 %

NASDAQ:TTD opened at $113.00 on Wednesday. The company’s 50 day moving average is $101.52 and its 200-day moving average is $95.00. Trade Desk has a 12 month low of $60.23 and a 12 month high of $113.84. The firm has a market cap of $55.27 billion, a price-to-earnings ratio of 282.50, a P/E/G ratio of 5.23 and a beta of 1.48.

Trade Desk (NASDAQ:TTD – Get Free Report) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. Research analysts predict that Trade Desk will post 0.86 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $110.54, for a total transaction of $22,108,000.00. Following the sale, the chief executive officer now directly owns 365,180 shares in the company, valued at $40,366,997.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $110.54, for a total transaction of $22,108,000.00. Following the sale, the chief executive officer now owns 365,180 shares of the company’s stock, valued at $40,366,997.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,077,248 shares of company stock worth $115,353,156. Insiders own 10.18% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings in Trade Desk by 12.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the technology company’s stock valued at $522,000 after acquiring an additional 798 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Trade Desk by 16.1% in the 4th quarter. Allianz Asset Management GmbH now owns 52,702 shares of the technology company’s stock valued at $3,792,000 after purchasing an additional 7,289 shares during the last quarter. Scotia Capital Inc. grew its position in shares of Trade Desk by 5.6% during the 4th quarter. Scotia Capital Inc. now owns 3,144 shares of the technology company’s stock worth $226,000 after buying an additional 167 shares during the period. Bank of Nova Scotia raised its stake in shares of Trade Desk by 307.7% during the fourth quarter. Bank of Nova Scotia now owns 13,388 shares of the technology company’s stock worth $963,000 after buying an additional 10,104 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Trade Desk by 104.5% in the fourth quarter. KBC Group NV now owns 80,672 shares of the technology company’s stock valued at $5,806,000 after buying an additional 41,221 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Company Profile

(Get Free Report)

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.

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