Zacks: Brokerages Set $65.25 Target Price for Trade Desk Inc (TTD)
Trade Desk Inc (NASDAQ:TTD) has been assigned a consensus broker rating score of 1.56 (Buy) from the nine brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and five have assigned a strong buy rating to the company. Trade Desk’s rating score has improved by 4.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a one year consensus price target of $65.25 for the company and are anticipating that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also given Trade Desk an industry rank of 116 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised Trade Desk from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Jefferies Group restated a “buy” rating and set a $63.00 price objective on shares of Trade Desk in a research report on Friday, November 10th. Royal Bank Of Canada boosted their price objective on Trade Desk from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. BidaskClub lowered Trade Desk from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Vetr upgraded Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.76 price objective on the stock in a research report on Thursday, November 9th.
Trade Desk (NASDAQ:TTD) traded up $0.25 during trading on Wednesday, hitting $50.14. The stock had a trading volume of 893,500 shares, compared to its average volume of 937,240. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56. Trade Desk has a 12 month low of $25.48 and a 12 month high of $67.30. The firm has a market cap of $2,060.00 and a PE ratio of 49.22.
Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The company had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $76.84 million. During the same quarter in the previous year, the firm earned $0.24 EPS. Trade Desk’s revenue was up 49.8% on a year-over-year basis. research analysts anticipate that Trade Desk will post 1.29 earnings per share for the current year.
In related news, insider Brian John Stempeck sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $48.78, for a total transaction of $487,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Robert David Perdue sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $53.66, for a total value of $670,750.00. Following the transaction, the chief operating officer now directly owns 82,664 shares in the company, valued at $4,435,750.24. The disclosure for this sale can be found here. Insiders sold a total of 165,894 shares of company stock worth $9,967,547 in the last quarter. Corporate insiders own 26.87% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of 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 purchasing an additional 30 shares during the last quarter. Royal Bank of Canada increased its position in shares of Trade Desk by 9.0% during the second quarter. Royal Bank of Canada now owns 8,676 shares of the technology company’s stock valued at $435,000 after acquiring an additional 720 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Trade Desk by 57.7% during 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 last quarter. Optimum Investment Advisors increased its position in shares of Trade Desk by 22.6% during the third quarter. Optimum Investment Advisors now owns 6,500 shares of the technology company’s stock valued at $400,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Trade Desk by 22.9% during the second quarter. Quantbot Technologies LP now owns 7,488 shares of the technology company’s stock valued at $375,000 after acquiring an additional 1,395 shares during the last quarter. 65.42% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Trade Desk Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk Inc and related companies with MarketBeat.com's FREE daily email newsletter.