Trade Desk (NASDAQ:TTD) Rating Increased to Buy at StockNews.com

Trade Desk (NASDAQ:TTD) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

TTD has been the subject of a number of other reports. BTIG Research increased their target price on Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Susquehanna raised their target price on Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a report on Friday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price target (up from $105.00) on shares of Trade Desk in a research note on Friday, August 9th. Morgan Stanley raised their price objective on shares of Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $115.00 target price on shares of Trade Desk in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $109.05.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $105.84 on Monday. The company has a market cap of $51.77 billion, a PE ratio of 265.08, a P/E/G ratio of 5.03 and a beta of 1.48. The stock has a fifty day moving average price of $98.07 and a 200 day moving average price of $92.36. Trade Desk has a 1-year low of $60.23 and a 1-year high of $107.64.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. Analysts anticipate that Trade Desk will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 380,832 shares in the company, valued at $39,682,694.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s 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 sale, the director now directly owns 3,516 shares of the company’s stock, valued at $351,846.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The disclosure for this sale can be found here. Insiders have sold 599,163 shares of company stock worth $61,246,529 over the last quarter. 10.18% of the stock is currently owned by insiders.

Institutional Trading of Trade Desk

Institutional investors have recently made changes to their positions in the stock. Lazari Capital Management Inc. purchased a new position in shares of Trade Desk in the 2nd quarter worth $316,000. Sanctuary Advisors LLC purchased a new position in shares of Trade Desk in the 2nd quarter worth about $4,214,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Trade Desk in the 2nd quarter valued at about $72,000. Clearbridge Investments LLC grew its holdings in shares of Trade Desk by 5.1% during the 2nd quarter. Clearbridge Investments LLC now owns 479,021 shares of the technology company’s stock worth $46,786,000 after purchasing an additional 23,073 shares during the period. Finally, Dana Investment Advisors Inc. increased its position in Trade Desk by 4.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 6,667 shares of the technology company’s stock worth $651,000 after purchasing an additional 286 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

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.