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.

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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.

Analyst Recommendations for The Trade Desk (NASDAQ:TTD)

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