Trade Desk (NASDAQ:TTD) Research Coverage Started at Bank of America

Bank of America began coverage on shares of Trade Desk (NASDAQ:TTD) in a research report released on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $135.00 target price on the technology company’s stock.

Other equities analysts have also issued reports about the company. Loop Capital raised their price target on Trade Desk from $109.00 to $120.00 and gave the stock a buy rating in a research report on Monday, August 26th. StockNews.com upgraded Trade Desk from a hold rating to a buy rating in a research report on Friday, August 30th. Evercore ISI upgraded Trade Desk to a strong-buy rating in a research report on Tuesday, August 6th. Citigroup raised their price target on Trade Desk from $112.00 to $115.00 and gave the stock a buy rating in a research report on Friday, August 9th. Finally, Oppenheimer lifted their price objective on Trade Desk from $105.00 to $120.00 and gave the stock an outperform rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of Moderate Buy and an average target price of $108.85.

Trade Desk Trading Down 3.1 %

Shares of Trade Desk stock opened at $100.31 on Wednesday. The firm has a market capitalization of $49.31 billion, a PE ratio of 250.78, a price-to-earnings-growth ratio of 5.14 and a beta of 1.48. The business’s 50-day moving average price is $97.62 and its 200-day moving average price is $91.49. Trade Desk has a 12 month low of $60.23 and a 12 month high of $105.39.

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

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares in the company, valued at $68,897,150.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Laura Schenkein sold 3,130 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the transaction, the chief financial officer now owns 693,953 shares in the company, valued at $68,930,351.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 642,868 shares of company stock worth $65,415,112. 10.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Apella Capital LLC raised its stake in shares of Trade Desk by 1.9% in the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after purchasing an additional 100 shares during the last quarter. Wealth Alliance raised its stake in shares of Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after purchasing an additional 106 shares during the last quarter. RFP Financial Group LLC grew its holdings in shares of Trade Desk by 26.4% in the second quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock worth $54,000 after acquiring an additional 116 shares during the period. HBK Sorce Advisory LLC grew its holdings in shares of Trade Desk by 2.0% in the second quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock worth $612,000 after acquiring an additional 125 shares during the period. Finally, Diversify Advisory Services LLC grew its holdings in shares of Trade Desk by 4.5% in the second quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock worth $297,000 after acquiring an additional 127 shares during the period. Hedge funds and other 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.