The Trade Desk, Inc. (NASDAQ:TTD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of The Trade Desk, Inc. (NASDAQ:TTD) have received an average recommendation of “Moderate Buy” from the twenty-eight research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $107.26.

A number of brokerages have recently commented on TTD. Robert W. Baird upped their price target on Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Loop Capital upped their price target on Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. KeyCorp upped their price target on Trade Desk from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Citigroup upped their price target on Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Evercore ISI raised Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th.

Insider Activity

In other news, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the transaction, the chief financial officer now directly owns 703,038 shares in the company, valued at approximately $67,055,764.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Gokul Rajaram sold 2,415 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.92, for a total transaction of $236,476.80. Following the completion of the sale, the director now directly owns 34,056 shares in the company, valued at approximately $3,334,763.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,517 shares of company stock worth $21,783,981. 10.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trade Desk

Institutional investors have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. boosted its holdings in Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after acquiring an additional 163 shares during the period. Riverview Trust Co purchased a new stake in Trade Desk in the 1st quarter worth approximately $27,000. Transcendent Capital Group LLC purchased a new stake in Trade Desk in the 2nd quarter worth approximately $30,000. Bogart Wealth LLC lifted its holdings in Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after buying an additional 222 shares during the period. Finally, EdgeRock Capital LLC purchased a new stake in Trade Desk in the 2nd quarter worth approximately $37,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Trading Up 1.8 %

TTD stock opened at $105.00 on Monday. The stock’s fifty day simple moving average is $96.61 and its two-hundred day simple moving average is $89.52. Trade Desk has a 1-year low of $60.23 and a 1-year high of $105.39. The stock has a market cap of $51.62 billion, a P/E ratio of 262.51, a P/E/G ratio of 5.14 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s revenue was up 25.9% on a year-over-year basis. As a group, analysts forecast that Trade Desk will post 0.86 earnings per share for the current fiscal year.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.