Royal Bank of Canada restated their outperform rating on shares of Trade Desk (NASDAQ:TTD) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. Royal Bank of Canada currently has a $170.00 price objective on the technology company’s stock, up from their prior price objective of $126.00.

A number of other brokerages also recently issued reports on TTD. Oppenheimer raised their price objective on Trade Desk from $101.00 to $130.00 and gave the stock an outperform rating in a research report on Friday, August 10th. Zacks Investment Research downgraded Trade Desk from a buy rating to a hold rating in a research report on Thursday, September 6th. Macquarie raised Trade Desk to a buy rating and raised their price objective for the stock from $95.00 to $130.00 in a research report on Friday, August 10th. Wells Fargo & Co reissued a hold rating and set a $110.00 price objective on shares of Trade Desk in a research report on Friday, August 10th. Finally, Citigroup raised their price objective on Trade Desk to $178.00 and gave the stock a buy rating in a research report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $105.21.

Shares of TTD opened at $154.68 on Tuesday. Trade Desk has a 52-week low of $40.70 and a 52-week high of $155.89. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 129.98, a P/E/G ratio of 3.96 and a beta of 2.94.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. Trade Desk had a return on equity of 21.65% and a net margin of 14.59%. The business had revenue of $112.30 million during the quarter, compared to the consensus estimate of $103.87 million. During the same period last year, the company earned $0.52 EPS. The company’s revenue for the quarter was up 54.3% on a year-over-year basis. sell-side analysts anticipate that Trade Desk will post 1.43 earnings per share for the current fiscal year.

In related news, COO Robert David Perdue sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $86.55, for a total transaction of $1,731,000.00. Following the completion of the transaction, the chief operating officer now directly owns 152,093 shares in the company, valued at approximately $13,163,649.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul Ross sold 7,142 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $144.85, for a total value of $1,034,518.70. Following the transaction, the chief financial officer now owns 45,668 shares of the company’s stock, valued at $6,615,009.80. The disclosure for this sale can be found here. Insiders have sold a total of 395,636 shares of company stock valued at $41,319,591 over the last 90 days. 23.54% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in shares of Trade Desk by 19.4% in the 1st quarter. Wells Fargo & Company MN now owns 132,432 shares of the technology company’s stock valued at $6,571,000 after buying an additional 21,546 shares during the period. Swiss National Bank boosted its stake in shares of Trade Desk by 5.1% in the 1st quarter. Swiss National Bank now owns 51,600 shares of the technology company’s stock valued at $2,560,000 after buying an additional 2,500 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Trade Desk by 11.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 112,783 shares of the technology company’s stock valued at $5,597,000 after buying an additional 11,364 shares during the period. Northern Trust Corp boosted its stake in shares of Trade Desk by 2.4% in the 1st quarter. Northern Trust Corp now owns 280,141 shares of the technology company’s stock valued at $13,899,000 after buying an additional 6,590 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Trade Desk by 1.9% in the 1st quarter. BlackRock Inc. now owns 1,428,209 shares of the technology company’s stock valued at $70,869,000 after buying an additional 26,373 shares during the period. Institutional investors own 71.71% of the company’s stock.

About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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