The Trade Desk Inc. (TTD) Stock Rating Upgraded by Vetr Inc.
Vetr upgraded shares of The Trade Desk Inc. (NASDAQ:TTD) from a buy rating to a strong-buy rating in a report released on Thursday morning. They currently have $71.76 target price on the stock.
Several other equities analysts have also issued reports on TTD. Zacks Investment Research lowered The Trade Desk from a buy rating to a hold rating in a report on Thursday, July 13th. Royal Bank Of Canada reaffirmed a buy rating on shares of The Trade Desk in a report on Wednesday, August 2nd. Cantor Fitzgerald upped their target price on The Trade Desk from $60.00 to $62.00 and gave the company an overweight rating in a report on Thursday, August 10th. Needham & Company LLC reaffirmed a buy rating and issued a $62.00 target price (up from $56.00) on shares of The Trade Desk in a report on Friday, August 11th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $60.00 target price (up from $57.00) on shares of The Trade Desk in a report on Friday, August 11th. Two 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 company’s stock. The stock currently has a consensus rating of Buy and an average price target of C$67.07.
Shares of The Trade Desk (NASDAQ:TTD) traded down C$8.28 on Thursday, reaching C$50.99. The company’s stock had a trading volume of 9,840,000 shares, compared to its average volume of 770,234. The company has a market cap of $2,079.58, a price-to-earnings ratio of 49.03 and a beta of 7.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.65 and a quick ratio of 1.65. The Trade Desk has a 1 year low of C$24.02 and a 1 year high of C$67.30.
The Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 9th. The company reported C$0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.20 by C$0.15. The company had revenue of C$79.40 million during the quarter, compared to analyst estimates of C$76.84 million. The Trade Desk had a return on equity of 25.60% and a net margin of 15.93%. The Trade Desk’s quarterly revenue was up 49.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. analysts expect that The Trade Desk will post 1.16 earnings per share for the current year.
In other The Trade Desk news, CEO Jeffrey Terry Green sold 7,689 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of C$61.90, for a total transaction of C$475,949.10. Following the completion of the transaction, the chief executive officer now directly owns 109,711 shares of the company’s stock, valued at C$6,791,110.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul Ross sold 10,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$54.16, for a total value of C$541,600.00. Following the transaction, the chief financial officer now directly owns 47,819 shares of the company’s stock, valued at C$2,589,877.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 240,894 shares of company stock valued at $13,764,597. 26.87% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of TTD. Nationwide Fund Advisors lifted its position in shares of The Trade Desk by 181.5% during the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the company’s stock worth $105,000 after acquiring an additional 1,824 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of The Trade Desk by 169.4% during the first quarter. Bank of New York Mellon Corp now owns 31,797 shares of the company’s stock worth $1,184,000 after acquiring an additional 19,992 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new stake in shares of The Trade Desk during the first quarter worth $952,000. American International Group Inc. purchased a new stake in shares of The Trade Desk during the first quarter worth $126,000. Finally, TIAA CREF Investment Management LLC lifted its position in shares of The Trade Desk by 18.1% during the first quarter. TIAA CREF Investment Management LLC now owns 19,822 shares of the company’s stock worth $738,000 after acquiring an additional 3,033 shares in the last quarter. Hedge funds and other institutional investors own 62.48% of the company’s stock.
About The Trade Desk
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.
To view Vetr’s full report, visit Vetr’s official website.
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