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

StockNews.com upgraded shares of Trade Desk (NASDAQ:TTD) from a hold rating to a buy rating in a research note released on Friday.

TTD has been the subject of several other research reports. Jefferies Financial Group raised Trade Desk from a hold rating to a buy rating and raised their target price for the stock from $95.00 to $105.00 in a research report on Thursday, May 2nd. Loop Capital lifted their target price on Trade Desk from $109.00 to $120.00 and gave the company a buy rating in a research note on Monday, August 26th. KeyCorp increased 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. Evercore ISI upgraded shares of Trade Desk to a strong-buy rating in a research note on Tuesday, August 6th. Finally, BTIG Research upped their price target on shares of Trade Desk from $110.00 to $114.00 and gave the stock a buy rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Trade Desk has an average rating of Moderate Buy and an average price target of $107.72.

Trade Desk Price Performance

Shares of TTD opened at $104.53 on Friday. Trade Desk has a 12-month low of $60.23 and a 12-month high of $105.39. The stock has a market capitalization of $51.13 billion, a P/E ratio of 261.33, a P/E/G ratio of 5.27 and a beta of 1.48. The firm’s 50 day moving average is $97.15 and its 200-day moving average is $90.66.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $0.07 EPS. As a group, equities research analysts forecast that Trade Desk will post 0.86 EPS for the current fiscal year.

Insider Activity at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,606 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the sale, the director now owns 3,516 shares in the company, valued at approximately $351,846.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares in the company, valued at $351,846.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $95.38, for a total value of $4,168,582.90. Following the sale, the chief financial officer now owns 703,038 shares in the company, valued at $67,055,764.44. The disclosure for this sale can be found here. Insiders have sold a total of 642,868 shares of company stock valued at $65,415,112 in the last 90 days. 10.18% of the stock is owned by corporate insiders.

Institutional Trading of Trade Desk

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. increased its stake in shares of Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares during the period. Riverview Trust Co acquired a new position in Trade Desk during the 1st quarter valued at about $27,000. Bogart Wealth LLC boosted its stake in shares of Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Trade Desk during the 2nd quarter worth approximately $30,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Trade Desk by 889.4% during the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after buying an additional 418 shares during the last quarter. Institutional investors and hedge funds 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 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.