FY2024 EPS Estimates for Trade Desk Raised by DA Davidson

The Trade Desk, Inc. (NASDAQ:TTD) – Equities research analysts at DA Davidson increased their FY2024 EPS estimates for shares of Trade Desk in a report released on Monday, November 11th. DA Davidson analyst T. White now forecasts that the technology company will post earnings of $0.82 per share for the year, up from their previous estimate of $0.75. DA Davidson currently has a “Buy” rating and a $134.00 target price on the stock. The consensus estimate for Trade Desk’s current full-year earnings is $0.87 per share. DA Davidson also issued estimates for Trade Desk’s Q4 2024 earnings at $0.33 EPS and FY2025 earnings at $1.08 EPS.

A number of other analysts also recently issued reports on TTD. Wells Fargo & Company initiated coverage on Trade Desk in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective for the company. Moffett Nathanson began coverage on shares of Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target for the company. Needham & Company LLC upped their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Loop Capital increased their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday. Finally, BTIG Research boosted their target price on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.65.

Trade Desk Stock Down 3.0 %

TTD stock opened at $127.25 on Tuesday. Trade Desk has a 52-week low of $61.47 and a 52-week high of $132.65. The business has a fifty day moving average of $114.45 and a two-hundred day moving average of $102.09. The stock has a market cap of $62.55 billion, a price-to-earnings ratio of 208.61, a price-to-earnings-growth ratio of 6.25 and a beta of 1.47.

Insider Activity

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the sale, the director now directly owns 29,991 shares of the company’s stock, valued at $3,269,019. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the sale, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,556,291 shares of company stock worth $169,960,852. 9.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trade Desk

Large investors have recently modified their holdings of the stock. CAP Partners LLC boosted its holdings in Trade Desk by 1.4% in the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after acquiring an additional 86 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Trade Desk by 2.7% in the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after purchasing an additional 97 shares in the last quarter. Apella Capital LLC grew its holdings in shares of Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after purchasing an additional 100 shares during the period. Avior Wealth Management LLC increased its position in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, HM Payson & Co. raised its holdings in Trade Desk by 1.0% in the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after buying an additional 102 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

About Trade Desk

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.