Trade Desk (NASDAQ:TTD) Price Target Raised to $14.00

by · The Markets Daily

Trade Desk (NASDAQ:TTD – Free Report) had its price objective upped by Morgan Stanley from $13.00 to $14.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

TTD has been the topic of a number of other research reports. HSBC lowered Trade Desk from a “hold” rating to a “reduce” rating and set a $10.00 price target on the stock. in a research report on Monday, August 10th. Wedbush restated a “neutral” rating and set a $15.00 target price on shares of Trade Desk in a research note on Tuesday. Wolfe Research reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Trade Desk in a report on Friday, August 7th. Guggenheim lifted their price target on shares of Trade Desk from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Susquehanna reiterated a “neutral” rating and set a $17.00 price target (up from $14.00) on shares of Trade Desk in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Reduce” and an average target price of $18.52.

View Our Latest Research Report on TTD

Trade Desk Trading Down 3.2%

Trade Desk stock opened at $15.47 on Tuesday. Trade Desk has a twelve month low of $11.62 and a twelve month high of $43.86. The stock’s fifty day simple moving average is $13.19 and its 200-day simple moving average is $19.21. The firm has a market capitalization of $7.27 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.74 and a beta of 0.98.

Trade Desk (NASDAQ:TTD – Get Free Report) last released its earnings results on Monday, November 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.29. Trade Desk had a return on equity of 14.36% and a net margin of 11.03%. The firm had revenue of $735.97 million during the quarter, compared to analyst estimates of $650.93 million. During the same period last year, the business posted $0.45 earnings per share. Trade Desk’s revenue was down .5% compared to the same quarter last year. Sell-side analysts predict that Trade Desk will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Trade Desk

Several institutional investors have recently added to or reduced their stakes in the business. Tema ETFs LLC boosted its holdings in Trade Desk by 9.5% in the second quarter. Tema ETFs LLC now owns 8,360 shares of the technology company’s stock valued at $151,000 after purchasing an additional 725 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Trade Desk by 4.1% during the first quarter. Sunbelt Securities Inc. now owns 24,976 shares of the technology company’s stock worth $567,000 after purchasing an additional 983 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Trade Desk by 159.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company’s stock worth $46,000 after buying an additional 1,247 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Trade Desk by 6.3% during the 2nd quarter. New Mexico Educational Retirement Board now owns 21,900 shares of the technology company’s stock worth $396,000 after buying an additional 1,300 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in shares of Trade Desk by 7.6% during the 3rd quarter. Checchi Capital Advisers LLC now owns 21,293 shares of the technology company’s stock worth $259,000 after buying an additional 1,495 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Recent Trade Desk Headlines

These are some of the TTD headlines that stood out recently:

Trade Desk Company Profile

(Get Free Report)

The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.

Recommended Stories