The Trade Desk Inc. (NASDAQ:TTD) Stock Rating Reaffirmed by Jefferies Group LLC
The Trade Desk Inc. (NASDAQ:TTD)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a report issued on Friday. They currently have a $60.00 price target on the technology company’s stock, up from their previous price target of $57.00. Jefferies Group LLC’s price objective points to a potential upside of 10.19% from the company’s previous close.
TTD has been the subject of several other reports. Cantor Fitzgerald reissued a “buy” rating and issued a $62.00 price objective (up from $60.00) on shares of The Trade Desk in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $62.00 price objective (up from $56.00) on shares of The Trade Desk in a report on Friday. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 price objective (up from $56.00) on shares of The Trade Desk in a report on Friday. Citigroup Inc. reissued a “buy” rating and issued a $55.00 price objective (up from $39.00) on shares of The Trade Desk in a report on Monday, May 15th. Finally, Zacks Investment Research downgraded The Trade Desk from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.89.
Shares of The Trade Desk (TTD) traded up 8.77% during mid-day trading on Friday, reaching $54.45. 3,901,154 shares of the company’s stock traded hands. The firm has a market cap of $2.18 billion and a price-to-earnings ratio of 54.61. The firm’s 50-day moving average is $52.31 and its 200 day moving average is $43.56. The Trade Desk has a one year low of $22.00 and a one year high of $57.87.
The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.29. The company had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $68.02 million. The company’s quarterly revenue was up 54.2% compared to the same quarter last year. Analysts predict that The Trade Desk will post $1.08 earnings per share for the current year.
WARNING: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/11/the-trade-desk-inc-nasdaqttd-stock-rating-reaffirmed-by-jefferies-group-llc.html.
In related news, CEO Jeffrey Terry Green sold 4,515 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $53.69, for a total transaction of $242,410.35. Following the completion of the sale, the chief executive officer now directly owns 130,885 shares of the company’s stock, valued at $7,027,215.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian John Stempeck sold 35,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $54.56, for a total value of $1,909,600.00. Following the sale, the insider now directly owns 26,111 shares of the company’s stock, valued at $1,424,616.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,939,884 shares of company stock valued at $251,049,487. Corporate insiders own 26.87% of the company’s stock.
Several large investors have recently modified their holdings of TTD. Alps Advisors Inc. increased its stake in The Trade Desk by 0.3% in the second quarter. Alps Advisors Inc. now owns 11,617 shares of the technology company’s stock worth $582,000 after buying an additional 30 shares during the period. Wexford Capital LP increased its stake in The Trade Desk by 0.5% in the first quarter. Wexford Capital LP now owns 19,879 shares of the technology company’s stock worth $740,000 after buying an additional 100 shares during the period. Quantbot Technologies LP increased its stake in The Trade Desk by 22.9% in the second quarter. Quantbot Technologies LP now owns 7,488 shares of the technology company’s stock worth $375,000 after buying an additional 1,395 shares during the period. Legal & General Group Plc increased its stake in The Trade Desk by 75.4% in the second quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock worth $195,000 after buying an additional 1,664 shares during the period. Finally, Strs Ohio increased its stake in The Trade Desk by 100.0% in the first quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock worth $126,000 after buying an additional 1,700 shares during the period. 53.33% of the stock is owned by hedge funds and other institutional investors.
The 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.
Receive News & Ratings for The Trade Desk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Trade Desk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.