Trade Desk (NASDAQ:TTD – Get Free Report) had its price tarobtain decreased by analysts at BMO Capital Markets from $115.00 to $98.00 in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price tarobtain would suggest a potential upside of 80.71% from the company’s current price.
Several other equities research analysts also recently issued reports on TTD. Citizens Jmp cut their price objective on shares of Trade Desk from $115.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Jefferies Financial Group set a $125.00 price tarobtain on shares of Trade Desk and gave the company a “acquire” rating in a research note on Tuesday, April 29th. BTIG Research upped their price tarobtain on shares of Trade Desk from $79.00 to $97.00 and gave the company a “acquire” rating in a research note on Monday, August 4th. Rosenblatt Securities increased their tarobtain price on shares of Trade Desk from $77.00 to $78.00 and gave the company a “acquire” rating in a report on Friday, June 6th. Finally, Evercore ISI raised shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price tarobtain for the company in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have issued a acquire rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average tarobtain price of $92.18.
Get Our Latest Analysis on TTD
Trade Desk Stock Performance
Trade Desk stock traded down $34.10 during trading on Friday, hitting $54.23. The company’s stock had a trading volume of 105,069,220 shares, compared to its average volume of 16,531,314. Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The stock’s fifty day shifting average is $76.31 and its 200 day shifting average is $73.02. The stock has a market capitalization of $26.65 billion, a price-to-earnings ratio of 65.34, a P/E/G ratio of 2.46 and a beta of 1.37.
Trade Desk (NASDAQ:TTD – Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Trade Desk had a return on equity of 15.10% and a net margin of 15.57%. The company had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. During the same period in the prior year, the business earned $0.39 earnings per share. The business’s revenue was up 18.7% compared to the same quarter last year. On average, research analysts anticipate that Trade Desk will post 1.06 EPS for the current fiscal year.
Insider Activity
In related news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the sale, the director owned 66,985 shares of the company’s stock, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exmodify Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the transaction, the chief executive officer directly owned 17,018 shares of the company’s stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.
Institutional Trading of Trade Desk
Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in Trade Desk by 3,876.8% in the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company’s stock valued at $5,033,000 after acquiring an additional 89,671 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in Trade Desk during the first quarter worth about $995,000. LBP AM SA lifted its position in Trade Desk by 116.1% during the first quarter. LBP AM SA now owns 64,154 shares of the technology company’s stock valued at $3,511,000 after purchasing an additional 34,465 shares during the last quarter. Bryce Point Capital LLC lifted its position in Trade Desk by 302.9% during the first quarter. Bryce Point Capital LLC now owns 16,727 shares of the technology company’s stock valued at $915,000 after purchasing an additional 12,575 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its position in Trade Desk by 40.2% during the first quarter. Peregrine Capital Management LLC now owns 579,877 shares of the technology company’s stock valued at $31,731,000 after purchasing an additional 166,332 shares during 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 acquireers 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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