Trade Desk (NASDAQ:TTD) Downgraded to Neutral at Vertical Research

Vertical Research downgraded shares of Trade Desk (NASDAQ:TTD – Get Rating) from a positive rating to a neutral rating in a research report released on Tuesday morning, The Fly reports.

Other analysts have also recently issued reports about the company. KeyCorp dropped their price target on Trade Desk from $60.00 to $56.00 and set an overweight rating for the company in a report on Thursday, November 10th. Susquehanna dropped their price objective on Trade Desk from $95.00 to $90.00 in a report on Thursday, November 10th. Susquehanna Bancshares dropped their price objective on Trade Desk from $95.00 to $90.00 in a report on Thursday, November 10th. Citigroup began coverage on Trade Desk in a report on Tuesday, December 13th. They issued a buy rating and a $60.00 price objective for the company. Finally, Oppenheimer dropped their price objective on Trade Desk to $60.00 in a report on Tuesday, November 15th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $67.00.

Trade Desk Trading Up 0.9 %

NASDAQ:TTD opened at $47.62 on Tuesday. The stock has a market cap of $23.31 billion, a P/E ratio of -2,381.00, a PEG ratio of 3.72 and a beta of 1.78. The stock has a 50 day simple moving average of $47.23 and a 200 day simple moving average of $53.13. Trade Desk has a 1-year low of $39.00 and a 1-year high of $86.88.

Trade Desk (NASDAQ:TTD – Get Rating) last released its quarterly earnings results on Wednesday, November 9th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $394.77 million for the quarter, compared to analyst estimates of $386.29 million. Trade Desk had a negative return on equity of 0.57% and a negative net margin of 0.66%. As a group, sell-side analysts forecast that Trade Desk will post 0.23 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TTD. MetLife Investment Management LLC acquired a new position in Trade Desk during the 1st quarter worth about $1,946,000. Synovus Financial Corp lifted its stake in shares of Trade Desk by 32.8% in the 1st quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock valued at $561,000 after purchasing an additional 1,996 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Trade Desk by 43.0% in the 1st quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock valued at $1,019,000 after purchasing an additional 4,276 shares during the period. Aviva PLC lifted its stake in shares of Trade Desk by 8.5% in the 1st quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock valued at $7,146,000 after purchasing an additional 8,059 shares during the period. Finally, National Pension Service lifted its stake in shares of Trade Desk by 11.2% in the 1st quarter. National Pension Service now owns 657,768 shares of the technology company’s stock valued at $45,550,000 after purchasing an additional 66,179 shares during the period. 67.04% of the stock is owned by institutional investors and hedge funds.

About Trade Desk

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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.