Shares of The Trade Desk Inc. (NASDAQ:TTD) have received a consensus rating of “Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $66.63.

Several brokerages recently commented on TTD. Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price target (up previously from $56.00) on shares of The Trade Desk in a research report on Friday, August 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 price target (up previously from $56.00) on shares of The Trade Desk in a research report on Friday, August 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price target (up previously from $57.00) on shares of The Trade Desk in a research report on Friday, August 11th. Zacks Investment Research raised shares of The Trade Desk from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Tuesday. Finally, Macquarie began coverage on shares of The Trade Desk in a research report on Thursday, October 12th. They set an “outperform” rating and a $78.00 price target for the company.

In other The Trade Desk news, COO Robert David Perdue sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $53.34, for a total transaction of $666,750.00. Following the completion of the sale, the chief operating officer now directly owns 89,766 shares in the company, valued at $4,788,118.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David Randall Pickles sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $55.60, for a total transaction of $4,170,000.00. Following the sale, the insider now owns 240,517 shares of the company’s stock, valued at $13,372,745.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 316,704 shares of company stock valued at $17,686,464. 26.87% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nationwide Fund Advisors grew its stake in The Trade Desk by 181.5% during the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock worth $105,000 after buying an additional 1,824 shares during the period. Advisor Group Inc. grew its stake in The Trade Desk by 9,856.5% during the second quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after buying an additional 2,267 shares during the period. BNP Paribas Arbitrage SA grew its stake in The Trade Desk by 665.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock worth $117,000 after buying an additional 2,029 shares during the period. American International Group Inc. purchased a new stake in The Trade Desk during the first quarter worth approximately $126,000. Finally, Legal & General Group Plc grew its stake in 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 worth $195,000 after buying an additional 1,664 shares during the period. Institutional investors own 62.80% of the company’s stock.

The Trade Desk (NASDAQ:TTD) traded up 0.60% during trading on Friday, hitting $63.62. 978,872 shares of the company were exchanged. The company has a market capitalization of $2.59 billion and a price-to-earnings ratio of 58.74. The Trade Desk has a 12 month low of $22.00 and a 12 month high of $67.30. The company has a 50-day moving average of $61.42 and a 200-day moving average of $61.42.

The Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The business’s quarterly revenue was up 54.2% on a year-over-year basis. Analysts forecast that The Trade Desk will post $1.43 EPS for the current year.

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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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