Shares of The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $84.24.
TTD has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price objective on shares of Trade Desk from $85.00 to $75.00 in a research report on Thursday, August 4th. Oppenheimer increased their price objective on shares of Trade Desk from $60.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 10th. Jefferies Financial Group decreased their price objective on shares of Trade Desk from $75.00 to $65.00 in a research report on Thursday, August 4th. Needham & Company LLC increased their price objective on shares of Trade Desk from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, DA Davidson increased their price objective on shares of Trade Desk from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th.
Insider Buying and Selling at Trade Desk
In other Trade Desk news, CFO Blake Jeffrey Grayson sold 3,676 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $72.50, for a total value of $266,510.00. Following the transaction, the chief financial officer now directly owns 197,858 shares of the company’s stock, valued at $14,344,705. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.79% of the company’s stock.
Institutional Inflows and Outflows
Trade Desk Stock Performance
Shares of NASDAQ TTD opened at $61.89 on Monday. Trade Desk has a 52-week low of $39.00 and a 52-week high of $114.09. The firm has a 50 day moving average price of $57.59 and a two-hundred day moving average price of $56.89. The stock has a market cap of $30.01 billion, a P/E ratio of 884.27, a price-to-earnings-growth ratio of 12.28 and a beta of 1.94.
Trade Desk (NASDAQ:TTD – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). Trade Desk had a net margin of 2.43% and a return on equity of 2.16%. The business had revenue of $376.96 million during the quarter, compared to analyst estimates of $365.20 million. During the same quarter last year, the company posted $0.10 earnings per share. The company’s revenue was up 34.6% compared to the same quarter last year. Analysts predict that Trade Desk will post 0.21 earnings per share for the current fiscal year.
About Trade Desk
Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.
- Get a free copy of the StockNews.com research report on Trade Desk (TTD)
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