Analysts Set The Trade Desk, Inc. (NASDAQ:TTD) PT at $98.75

The Trade Desk, Inc. (NASDAQ:TTD) has received a consensus recommendation of “Buy” from the twenty-one research firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $98.75.

A number of equities analysts have recently issued reports on TTD shares. Cleveland Research started coverage on shares of Trade Desk in a research report on Thursday, September 30th. They set a “buy” rating and a $92.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of Trade Desk from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, November 9th. Citigroup upped their target price on shares of Trade Desk from $85.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, November 19th. Oppenheimer upped their target price on shares of Trade Desk from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 8th. Finally, Stephens upgraded shares of Trade Desk to an “overweight” rating and upped their target price for the stock from $92.00 to $100.00 in a report on Tuesday, November 9th.

TTD stock opened at $75.47 on Wednesday. The stock has a market capitalization of $36.27 billion, a PE ratio of 132.41, a price-to-earnings-growth ratio of 16.88 and a beta of 2.28. The company’s 50-day moving average is $93.75 and its 200-day moving average is $82.49. Trade Desk has a 1 year low of $46.71 and a 1 year high of $114.09.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Sunday, November 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. The company had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $283.93 million. Trade Desk had a net margin of 25.13% and a return on equity of 24.03%. The business’s revenue was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. As a group, research analysts forecast that Trade Desk will post 0.33 EPS for the current year.

In other Trade Desk news, CFO Blake Jeffrey Grayson sold 8,990 shares of the stock in a transaction dated Monday, October 18th. The shares were sold at an average price of $78.59, for a total transaction of $706,524.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eric B. Paley sold 5,000 shares of Trade Desk stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $100.04, for a total transaction of $500,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 296,780 shares of company stock worth $31,831,928. Insiders own 10.72% of the company’s stock.

A number of large investors have recently modified their holdings of the business. American Century Companies Inc. increased its stake in shares of Trade Desk by 1,265.6% during the second quarter. American Century Companies Inc. now owns 24,935 shares of the technology company’s stock worth $1,929,000 after buying an additional 23,109 shares during the period. Congress Park Capital LLC raised its position in Trade Desk by 1,008.1% in the second quarter. Congress Park Capital LLC now owns 87,120 shares of the technology company’s stock worth $6,740,000 after acquiring an additional 79,258 shares in the last quarter. Private Advisor Group LLC raised its position in Trade Desk by 86.0% in the third quarter. Private Advisor Group LLC now owns 70,277 shares of the technology company’s stock worth $4,939,000 after acquiring an additional 32,488 shares in the last quarter. Blue Zone Wealth Advisors LLC raised its position in Trade Desk by 4.3% in the third quarter. Blue Zone Wealth Advisors LLC now owns 71,282 shares of the technology company’s stock worth $5,011,000 after acquiring an additional 2,962 shares in the last quarter. Finally, Hudock Inc. raised its position in Trade Desk by 105.3% in the third quarter. Hudock Inc. now owns 780 shares of the technology company’s stock worth $54,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 59.77% of the company’s stock.

About Trade Desk

The Trade Desk, Inc offers a technology platform for advertising buyers. It operates through United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.

Featured Article: The risks of owning bonds

Analyst Recommendations for Trade Desk (NASDAQ:TTD)

Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.