Vetr upgraded shares of Trade Desk (NASDAQ:TTD) from a buy rating to a strong-buy rating in a research note published on Monday. The brokerage currently has $54.68 target price on the technology company’s stock.

Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Trade Desk from a hold rating to a buy rating and set a $54.00 target price for the company in a research note on Thursday, January 11th. BidaskClub downgraded Trade Desk from a hold rating to a sell rating in a research note on Thursday, December 7th. SunTrust Banks reissued a buy rating and set a $60.00 target price on shares of Trade Desk in a research note on Friday, January 12th. Stifel Nicolaus began coverage on Trade Desk in a research note on Thursday, January 18th. They set a buy rating and a $62.00 target price for the company. Finally, Wells Fargo & Co began coverage on Trade Desk in a research note on Wednesday, December 20th. They set an outperform rating and a $60.00 target price for the company. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $63.67.

Shares of Trade Desk (NASDAQ:TTD) opened at $45.10 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $1,850.00 and a P/E ratio of 44.22. Trade Desk has a one year low of $28.11 and a one year high of $67.30.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. The business had revenue of $79.40 million during the quarter, compared to the consensus estimate of $76.84 million. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The company’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. equities research analysts predict that Trade Desk will post 1.28 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 Monday, December 18th. The stock was sold at an average price of $49.59, for a total value of $495,900.00. Following the sale, the insider now owns 44,550 shares in the company, valued at approximately $2,209,234.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Robert David Perdue sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.08, for a total value of $360,600.00. Following the completion of the sale, the chief operating officer now owns 97,983 shares in the company, valued at approximately $4,711,022.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,924 shares of company stock worth $3,935,683. Insiders own 26.87% of the company’s stock.

A number of large investors have recently made changes to their positions in TTD. Advisor Group Inc. grew its holdings in Trade Desk by 9,856.5% during the 2nd quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock valued at $115,000 after buying an additional 2,267 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Trade Desk by 129.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock valued at $126,000 after buying an additional 1,550 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Trade Desk by 57.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock valued at $165,000 after buying an additional 1,038 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Trade Desk during the 4th quarter valued at $169,000. Finally, Legal & General Group Plc grew its holdings in Trade Desk by 75.4% during the 2nd quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock valued at $195,000 after buying an additional 1,664 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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