BidaskClub cut shares of The Trade Desk Inc. (NASDAQ:TTD) from a buy rating to a hold rating in a research report report published on Friday.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald restated a buy rating and set a $62.00 price target on shares of The Trade Desk in a research note on Thursday, September 21st. Citigroup Inc. restated a buy rating and set a $60.00 price target (up previously from $55.00) on shares of The Trade Desk in a research note on Friday, August 11th. Jefferies Group LLC restated a buy rating and set a $60.00 price target (up previously from $57.00) on shares of The Trade Desk in a research note on Friday, August 11th. Needham & Company LLC restated a buy rating and set a $62.00 price target (up previously from $56.00) on shares of The Trade Desk in a research note on Friday, August 11th. Finally, Royal Bank Of Canada restated a buy rating on shares of The Trade Desk in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The Trade Desk has a consensus rating of Buy and a consensus price target of $67.07.

Shares of The Trade Desk (NASDAQ:TTD) opened at $48.40 on Friday. The Trade Desk has a 52 week low of $24.80 and a 52 week high of $67.30. The firm has a market capitalization of $1,970.00 and a PE ratio of 49.03. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14.

The Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.15. The Trade Desk had a return on equity of 25.60% and a net margin of 15.93%. The business had revenue of $79.40 million for the quarter, compared to analyst estimates of $76.84 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s revenue was up 49.8% on a year-over-year basis. research analysts forecast that The Trade Desk will post 1.16 EPS for the current fiscal year.

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In other The Trade Desk news, CEO Jeffrey Terry Green sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.26, for a total value of $596,340.00. Following the completion of the transaction, the chief executive officer now directly owns 99,400 shares of the company’s stock, valued at $6,586,244. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Randall Pickles sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $49.91, for a total value of $3,743,250.00. Following the completion of the transaction, the insider now directly owns 127,736 shares of the company’s stock, valued at $6,375,303.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 230,894 shares of company stock worth $13,222,997. 26.87% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Nationwide Fund Advisors lifted its holdings in The Trade Desk by 181.5% in the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,824 shares during the period. Advisor Group Inc. lifted its holdings in The Trade Desk by 9,856.5% in the second quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock valued at $115,000 after acquiring an additional 2,267 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in The Trade Desk by 665.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock valued at $117,000 after acquiring an additional 2,029 shares during the period. American International Group Inc. acquired a new position in The Trade Desk in the first quarter valued at approximately $126,000. Finally, Great West Life Assurance Co. Can lifted its holdings in The Trade Desk by 57.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,038 shares during the period. 62.66% of the stock is owned by 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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