Jefferies Group LLC reissued their buy rating on shares of The Trade Desk Inc. (NASDAQ:TTD) in a research report sent to investors on Friday. The brokerage currently has a $63.00 price target on the stock.
TTD has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed a buy rating on shares of The Trade Desk in a research report on Wednesday, August 2nd. Macquarie initiated coverage on shares of The Trade Desk in a research report on Thursday, October 12th. They issued an outperform rating and a $78.00 target price on the stock. Vetr cut shares of The Trade Desk from a strong-buy rating to a buy rating and set a $71.92 price target on the stock. in a research report on Tuesday, October 31st. Cantor Fitzgerald reissued an overweight rating and set a $62.00 price target on shares of The Trade Desk in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of The Trade Desk from a buy rating to a hold rating in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The Trade Desk has a consensus rating of Buy and a consensus price target of C$67.07.
The Trade Desk (NASDAQ TTD) traded down C$8.28 during midday trading on Friday, reaching C$50.99. 9,840,000 shares of the company’s stock were exchanged, compared to its average volume of 770,234. The Trade Desk has a 52 week low of C$24.02 and a 52 week high of C$67.30. 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 firm has a market capitalization of $2,079.58, a PE ratio of 49.03 and a beta of 7.32.
The Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 9th. The company reported C$0.35 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.20 by C$0.15. The Trade Desk had a net margin of 15.93% and a return on equity of 25.60%. The company had revenue of C$79.40 million for the quarter, compared to analysts’ expectations of C$76.84 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The Trade Desk’s revenue for the quarter was up 49.8% compared to the same quarter last year. equities research analysts anticipate that The Trade Desk will post 1.16 EPS for the current fiscal year.
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In related news, insider Brian John Stempeck sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of C$64.18, for a total transaction of C$641,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David Randall Pickles sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of C$49.91, for a total transaction of C$3,743,250.00. Following the sale, the insider now owns 127,736 shares in the company, valued at C$6,375,303.76. The disclosure for this sale can be found here. Insiders have sold 240,894 shares of company stock worth $13,764,597 in the last three months. Corporate insiders own 26.87% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its stake in shares of The Trade Desk by 9,856.5% during the second quarter. Advisor Group Inc. now owns 2,290 shares of the company’s stock worth $115,000 after buying an additional 2,267 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of The Trade Desk by 665.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the company’s stock worth $117,000 after buying an additional 2,029 shares during the period. Nationwide Fund Advisors increased its stake 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 buying an additional 1,824 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of The Trade Desk by 57.7% during the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the company’s stock worth $165,000 after buying an additional 1,038 shares during the period. Finally, American International Group Inc. purchased a new stake in shares of The Trade Desk during the first quarter worth approximately $126,000. 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.
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