Trade Desk (NASDAQ:TTD) was upgraded by investment analysts at Vetr from a “hold” rating to a “strong-buy” rating in a report released on Tuesday. The firm presently has a $65.00 price target on the technology company’s stock. Vetr‘s price objective would suggest a potential upside of 10.98% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Trade Desk from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Stifel Nicolaus initiated coverage on Trade Desk in a report on Thursday, January 18th. They issued a “buy” rating and a $62.00 price target for the company. BidaskClub cut Trade Desk from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. SunTrust Banks upgraded Trade Desk from a “hold” rating to a “buy” rating and increased their target price for the company from $45.25 to $55.00 in a research note on Monday, December 11th. Finally, Wells Fargo & Co initiated 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. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $66.38.

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Trade Desk (TTD) opened at $58.57 on Tuesday. The firm has a market capitalization of $2,410.00 and a P/E ratio of 50.93. Trade Desk has a fifty-two week low of $34.79 and a fifty-two week high of $67.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.48 and a quick ratio of 1.48.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.12. The firm had revenue of $102.60 million during the quarter, compared to analysts’ expectations of $101.71 million. Trade Desk had a return on equity of 25.10% and a net margin of 16.48%. Trade Desk’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. equities analysts forecast that Trade Desk will post 1.18 earnings per share for the current year.

In related news, CFO Paul Ross sold 3,729 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $59.71, for a total transaction of $222,658.59. Following the sale, the chief financial officer now directly owns 71,101 shares of the company’s stock, valued at approximately $4,245,440.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian John Stempeck sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $49.59, for a total value of $495,900.00. Following the sale, the insider now directly owns 44,550 shares in the company, valued at $2,209,234.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 795,435 shares of company stock valued at $45,360,734. Company insiders own 26.87% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its position in shares of Trade Desk by 9.6% during the 3rd quarter. Wells Fargo & Company MN now owns 72,312 shares of the technology company’s stock valued at $4,447,000 after acquiring an additional 6,319 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Trade Desk by 48.2% during the 3rd quarter. GSA Capital Partners LLP now owns 27,294 shares of the technology company’s stock valued at $1,679,000 after acquiring an additional 8,875 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Trade Desk by 22.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 106,617 shares of the technology company’s stock valued at $6,558,000 after acquiring an additional 19,859 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Trade Desk by 23.6% during the 3rd quarter. California State Teachers Retirement System now owns 37,957 shares of the technology company’s stock valued at $2,335,000 after acquiring an additional 7,257 shares in the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Trade Desk during the 4th quarter valued at approximately $1,254,000. 74.29% of the stock is currently owned by institutional investors and hedge funds.

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About Trade Desk

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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