News coverage about Trade Desk (NASDAQ:TTD) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trade Desk earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 44.8138838469065 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Citigroup Raises Trade Desk (TTD) Price Target to $76.00 (americanbankingnews.com)
- The Trade Desk Announces Date of Annual Meeting of Stockholders – GlobeNewswire (press release) (globenewswire.com)
- Is The Trade Desk, Inc. (TTD) Ready to Heat Up the Cannabis Patch? – US Trade Media (ustrademedia.com)
- Hot Stock’s Watch List – The Trade Desk Inc (NASDAQ: TTD) – Stocks Pen (stockspen.com)
A number of equities analysts recently commented on TTD shares. Vetr upgraded Trade Desk from a “buy” rating to a “strong-buy” rating and set a $54.68 price target for the company in a report on Monday, February 5th. Wells Fargo & Co reiterated a “buy” rating and set a $62.00 price target on shares of Trade Desk in a report on Friday, February 23rd. Stifel Nicolaus set a $69.00 price target on Trade Desk and gave the stock a “buy” rating in a report on Friday, February 23rd. Jefferies Group reiterated a “buy” rating and set a $63.00 price target on shares of Trade Desk in a report on Friday, November 10th. Finally, Citigroup lifted their price target on Trade Desk from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $66.05.
Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.12. The firm had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.71 million. Trade Desk had a net margin of 16.48% and a return on equity of 25.10%. The business’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. sell-side analysts anticipate that Trade Desk will post 1.18 EPS for the current fiscal year.
In other Trade Desk news, COO Robert David Perdue sold 513 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total transaction of $25,650.00. Following the completion of the sale, the chief operating officer now directly owns 133,956 shares in the company, valued at $6,697,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 1,411 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $50.25, for a total transaction of $70,902.75. Following the sale, the chief executive officer now owns 130,333 shares of the company’s stock, valued at $6,549,233.25. The disclosure for this sale can be found here. Insiders have sold 795,435 shares of company stock valued at $45,360,734 over the last 90 days. Company insiders own 26.87% of the company’s stock.
Trade Desk Company Profile
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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