The Trade Desk, Inc. (NASDAQ:TTD – Get Free Report) Director Gokul Rajaram sold 2,415 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the transaction, the director now directly owns 34,056 shares in the company, valued at approximately $3,334,763.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Trade Desk Stock Up 2.1 %
NASDAQ:TTD opened at $97.73 on Wednesday. The stock has a market capitalization of $47.80 billion, a price-to-earnings ratio of 244.33, a PEG ratio of 4.90 and a beta of 1.49. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $99.54. The firm has a 50 day moving average of $91.11 and a 200 day moving average of $81.93.
Trade Desk (NASDAQ:TTD – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $491.25 million for the quarter, compared to the consensus estimate of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. As a group, analysts expect that The Trade Desk, Inc. will post 0.85 EPS for the current year.
Institutional Investors Weigh In On Trade Desk
Analysts Set New Price Targets
Several research analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $108.00 price target (up from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Susquehanna reissued a “positive” rating and issued a $110.00 price objective on shares of Trade Desk in a research report on Thursday, May 16th. Piper Sandler restated an “overweight” rating and set a $110.00 target price on shares of Trade Desk in a research report on Tuesday, June 11th. Finally, Jefferies Financial Group raised Trade Desk from a “hold” rating to a “buy” rating and upped their target price for the company from $95.00 to $105.00 in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy 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 target price of $93.69.
View Our Latest Research Report on Trade Desk
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 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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