Trade Desk (NASDAQ:TTD) Coverage Initiated at Moffett Nathanson

Moffett Nathanson began coverage on shares of Trade Desk (NASDAQ:TTD) in a research note issued to investors on Monday, Briefing.com reports. The brokerage set a “neutral” rating and a $100.00 price target on the technology company’s stock. Moffett Nathanson’s target price indicates a potential downside of 8.68% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Susquehanna increased their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research report on Friday, August 9th. Macquarie reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Trade Desk in a research report on Friday, August 9th. Citigroup boosted their target price on Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Benchmark boosted their price target on shares of Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research note on Friday, August 9th. Finally, StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $108.71.

Trade Desk Trading Down 0.6 %

Shares of TTD stock opened at $109.51 on Monday. The business’s 50-day moving average price is $98.75 and its 200-day moving average price is $93.08. Trade Desk has a 12 month low of $60.23 and a 12 month high of $111.80. The firm has a market capitalization of $53.56 billion, a price-to-earnings ratio of 273.78, a PEG ratio of 5.07 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm 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 company’s revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 EPS. On average, sell-side analysts predict that Trade Desk will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the sale, the director now 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 link. In other news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the sale, the director now directly owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the completion of the transaction, the director now owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The disclosure for this sale can be found here. Insiders have sold a total of 596,748 shares of company stock worth $61,010,053 over the last ninety days. Company insiders own 10.18% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. grew its position 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 worth $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co purchased a new stake in Trade Desk in the first quarter worth $27,000. Bogart Wealth LLC raised its holdings in Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Trade Desk during the second quarter valued at $30,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Trade Desk by 889.4% during the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after buying an additional 418 shares in 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 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.