Trade Desk (TTD) Reaches New 12-Month High and Low at $91.74

Trade Desk Inc (NASDAQ:TTD) hit a new 52-week high and low on Tuesday . The company traded as low as $91.74 and last traded at $91.56, with a volume of 52498 shares trading hands. The stock had previously closed at $88.55.

TTD has been the topic of a number of recent research reports. Susquehanna Bancshares lifted their price objective on shares of Trade Desk from $81.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday. Vertical Group lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Wells Fargo & Co lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a research note on Monday, June 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Trade Desk from $75.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, June 8th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $75.44.

The stock has a market capitalization of $3.74 billion, a PE ratio of 77.14, a price-to-earnings-growth ratio of 2.80 and a beta of 2.64.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 10th. The technology company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.24. Trade Desk had a net margin of 16.14% and a return on equity of 24.07%. The business had revenue of $85.70 million during the quarter, compared to analyst estimates of $73.25 million. During the same period last year, the business earned $0.18 EPS. The business’s revenue was up 60.5% on a year-over-year basis. equities analysts predict that Trade Desk Inc will post 1.41 EPS for the current year.

In related news, COO Robert David Perdue sold 2,500 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $49.04, for a total value of $122,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Terry Green sold 9,000 shares of the stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $86.10, for a total transaction of $774,900.00. Following the completion of the sale, the insider now directly owns 77,819 shares in the company, valued at approximately $6,700,215.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 411,017 shares of company stock worth $28,621,990. Insiders own 23.54% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Trade Desk in the 4th quarter worth about $169,000. Circle Wealth Management LLC acquired a new stake in shares of Trade Desk in the 4th quarter worth about $202,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Trade Desk in the 1st quarter worth about $228,000. Paloma Partners Management Co acquired a new stake in shares of Trade Desk in the 4th quarter worth about $227,000. Finally, Advisor Group Inc. increased its holdings in shares of Trade Desk by 39.7% in the 4th quarter. Advisor Group Inc. now owns 5,578 shares of the technology company’s stock worth $254,000 after acquiring an additional 1,584 shares during the period. 73.44% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Company Profile

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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