Trade Desk (TTD) Lowered to “Sell” at BidaskClub
Trade Desk (NASDAQ:TTD) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
A number of other equities research analysts have also issued reports on the company. Jefferies Group reissued a “buy” rating and issued a $63.00 target price on shares of Trade Desk in a research report on Friday, November 10th. Vetr raised Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.76 target price on the stock in a research report on Thursday, November 9th. Zacks Investment Research lowered Trade Desk from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Royal Bank Of Canada lifted their target price on Trade Desk from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Macquarie initiated coverage on Trade Desk in a research report on Thursday, October 12th. They issued an “outperform” rating and a $78.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $67.07.
Shares of Trade Desk (NASDAQ:TTD) opened at $44.18 on Thursday. The company has a market capitalization of $1,858.60, a PE ratio of 43.51 and a beta of 5.19. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.13. Trade Desk has a 1 year low of $26.40 and a 1 year high of $67.30.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.15. The company had revenue of $79.40 million for the quarter, compared to analyst estimates of $76.84 million. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. Trade Desk’s revenue was up 49.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. research analysts forecast that Trade Desk will post 1.29 EPS for the current year.
In other Trade Desk news, COO Robert David Perdue sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.08, for a total transaction of $360,600.00. Following the transaction, the chief operating officer now owns 97,983 shares of the company’s stock, valued at approximately $4,711,022.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul Ross sold 3,705 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $63.33, for a total value of $234,637.65. Following the transaction, the chief financial officer now directly owns 53,451 shares in the company, valued at approximately $3,385,051.83. The disclosure for this sale can be found here. Insiders have sold a total of 151,894 shares of company stock worth $9,180,577 in the last ninety days. Insiders own 26.87% of the company’s stock.
Several large investors have recently bought and sold shares of the business. TIAA CREF Investment Management LLC boosted its stake in shares of Trade Desk by 18.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 19,822 shares of the technology company’s stock worth $738,000 after acquiring an additional 3,033 shares during the period. Vanguard Group Inc. boosted its stake in shares of Trade Desk by 149.9% during the 1st quarter. Vanguard Group Inc. now owns 1,109,222 shares of the technology company’s stock worth $41,319,000 after acquiring an additional 665,330 shares during the period. Geode Capital Management LLC boosted its stake in shares of Trade Desk by 56.3% during the 1st quarter. Geode Capital Management LLC now owns 85,761 shares of the technology company’s stock worth $3,194,000 after acquiring an additional 30,879 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Trade Desk during the 2nd quarter worth approximately $401,000. Finally, Strs Ohio boosted its stake in shares of Trade Desk by 100.0% during the 2nd quarter. Strs Ohio now owns 6,800 shares of the technology company’s stock worth $340,000 after acquiring an additional 3,400 shares during the period. 65.46% of the stock is currently owned by hedge funds and other institutional investors.
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About 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.
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