The Trade Desk Inc. (NASDAQ:TTD) had its price target lifted by Royal Bank Of Canada from $65.00 to $67.00 in a research report report published on Friday, Marketbeat reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other research analysts also recently weighed in on TTD. BidaskClub downgraded The Trade Desk from a buy rating to a hold rating in a research note on Friday. Vetr raised The Trade Desk from a buy rating to a strong-buy rating and set a $71.76 price target on the stock in a research note on Thursday, November 9th. SunTrust Banks, Inc. reaffirmed a hold rating and set a $55.00 price target on shares of The Trade Desk in a research note on Monday, November 6th. Zacks Investment Research raised The Trade Desk from a hold rating to a buy rating and set a $74.00 price target on the stock in a research note on Tuesday, October 17th. Finally, Macquarie began coverage on The Trade Desk in a research note on Thursday, October 12th. They set an outperform rating and a $78.00 price target on the stock. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The Trade Desk currently has an average rating of Buy and an average target price of $67.07.

Shares of The Trade Desk (NASDAQ:TTD) opened at $48.89 on Friday. The Trade Desk has a 52-week low of $24.80 and a 52-week high of $67.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market capitalization of $2,079.58, a PE ratio of 49.03 and a beta of 7.32.

The Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 9th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. The Trade Desk had a return on equity of 25.60% and a net margin of 15.93%. The company had revenue of $79.40 million for the quarter, compared to analyst estimates of $76.84 million. During the same quarter in the prior year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 49.8% compared to the same quarter last year. research analysts forecast that The Trade Desk will post 1.16 earnings per share for the current year.

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In related news, insider David Randall Pickles sold 75,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $49.91, for a total transaction of $3,743,250.00. Following the completion of the sale, the insider now directly owns 127,736 shares of the company’s stock, valued at $6,375,303.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul Ross sold 3,705 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $63.33, for a total value of $234,637.65. Following the sale, the chief financial officer now directly owns 53,451 shares of the company’s stock, valued at $3,385,051.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 230,894 shares of company stock valued at $13,222,997. Company insiders own 26.87% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. increased its position in shares of The Trade Desk by 0.3% during the second quarter. Alps Advisors Inc. now owns 11,617 shares of the technology company’s stock valued at $582,000 after acquiring an additional 30 shares during the last quarter. Royal Bank of Canada increased its position in shares of The Trade Desk by 9.0% during the second quarter. Royal Bank of Canada now owns 8,676 shares of the technology company’s stock valued at $435,000 after acquiring an additional 720 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of The Trade Desk by 57.7% during the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,038 shares during the last quarter. Quantbot Technologies LP increased its position in shares of The Trade Desk by 22.9% during the second quarter. Quantbot Technologies LP now owns 7,488 shares of the technology company’s stock valued at $375,000 after acquiring an additional 1,395 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of The Trade Desk by 75.4% during the second quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock valued at $195,000 after acquiring an additional 1,664 shares during the last quarter. 62.66% of the stock is owned by institutional investors.

The Trade Desk Company Profile

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

Analyst Recommendations for The Trade Desk (NASDAQ:TTD)

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