Somewhat Favorable Media Coverage Somewhat Unlikely to Affect The Trade Desk (TTD) Share Price
News headlines about The Trade Desk (NASDAQ:TTD) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Trade Desk earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.3807498827097 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s analysis:
- Keep Your Active Eyes on The Trade Desk, Inc. (TTD) – Wall Street Morning (wallstreetmorning.com)
- Comparing The Trade Desk (TTD) and eBay (EBAY) (americanbankingnews.com)
- Does The Trade Desk, Inc. (TTD) Present Much Upside ? – Stock … – StockNewsGazette (stocknewsgazette.com)
- The Trade Desk, Inc. (NasdaqGM:TTD) and Rogers Corporation (NYSE:ROG) Value Score in Focus – Evergreen Caller (evergreencaller.com)
- ETFs with exposure to The Trade Desk, Inc. : August 25, 2017 (finance.yahoo.com)
The Trade Desk (TTD) opened at 51.75 on Wednesday. The company has a market capitalization of $2.11 billion and a PE ratio of 47.78. The Trade Desk has a 52-week low of $22.00 and a 52-week high of $57.87. The firm’s 50-day moving average is $52.20 and its 200-day moving average is $45.23.
The Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 10th. The technology company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The business had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $68.02 million. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The company’s revenue was up 54.2% on a year-over-year basis. On average, equities research analysts forecast that The Trade Desk will post $1.44 EPS for the current year.
A number of equities analysts have commented on TTD shares. Zacks Investment Research cut shares of The Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price objective (up from $57.00) on shares of The Trade Desk in a research report on Friday, August 11th. Citigroup Inc. reaffirmed a “buy” rating and set a $60.00 price objective (up from $55.00) on shares of The Trade Desk in a research report on Friday, August 11th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $66.00 price objective (up from $60.00) on shares of The Trade Desk in a research report on Monday, August 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of The Trade Desk in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $56.00.
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In other The Trade Desk news, Director Eric B. Paley sold 138,840 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.05, for a total transaction of $6,948,942.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian John Stempeck sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $54.56, for a total value of $1,909,600.00. Following the sale, the insider now owns 26,111 shares in the company, valued at $1,424,616.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 623,432 shares of company stock valued at $32,609,966. Corporate insiders own 26.87% of the company’s stock.
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.
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