Vetr upgraded shares of Trade Desk (NASDAQ:TTD) from a hold rating to a buy rating in a research report report published on Tuesday. They currently have $51.24 target price on the technology company’s stock.

TTD has been the subject of several other reports. SunTrust Banks raised shares of Trade Desk from a hold rating to a buy rating and boosted their price objective for the company from $45.25 to $55.00 in a research note on Monday, December 11th. Susquehanna Bancshares reissued a positive rating and set a $66.00 price objective on shares of Trade Desk in a research note on Wednesday, October 4th. Macquarie began coverage on shares of Trade Desk in a research note on Thursday, October 12th. They set an outperform rating and a $78.00 price objective for the company. Cantor Fitzgerald reissued a buy rating and set a $67.00 price objective (up from $62.00) on shares of Trade Desk in a research note on Thursday, October 5th. Finally, BidaskClub cut shares of Trade Desk from a hold rating to a sell rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $63.40.

Shares of Trade Desk (NASDAQ:TTD) opened at $45.83 on Tuesday. The company has a market cap of $1,880.00 and a P/E ratio of 44.93. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. Trade Desk has a 12 month low of $28.11 and a 12 month high of $67.30.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 9th. The technology company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.15. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The firm had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $76.84 million. During the same period in the previous year, the company earned $0.24 EPS. Trade Desk’s revenue for the quarter was up 49.8% on a year-over-year basis. equities analysts anticipate that Trade Desk will post 1.28 earnings per share for the current fiscal year.

In related news, insider Brian John Stempeck sold 10,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $48.78, for a total transaction of $487,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Terry Green sold 9,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $47.61, for a total transaction of $428,490.00. Following the sale, the insider now directly owns 113,744 shares of the company’s stock, valued at $5,415,351.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,424 shares of company stock valued at $3,582,133. 26.87% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its position in Trade Desk by 9,856.5% during the 2nd quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,267 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Trade Desk by 129.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock worth $126,000 after purchasing an additional 1,550 shares during the period. Great West Life Assurance Co. Can boosted its position in Trade Desk by 57.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,038 shares during the period. SG Americas Securities LLC purchased a new stake in Trade Desk during the 4th quarter worth $169,000. Finally, Legal & General Group Plc boosted its position in Trade Desk by 75.4% during the 2nd quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock worth $195,000 after purchasing an additional 1,664 shares during the period. 65.59% of the stock is 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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