Trade Desk (NASDAQ:TTD) Given “Outperform” Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Trade Desk (NASDAQ:TTD) in a report published on Monday morning, RTT News reports. They currently have a $110.00 price target on the technology company’s stock.

TTD has been the subject of a number of other research reports. Jefferies Financial Group raised Trade Desk from a hold rating to a buy rating and lifted their target price for the company from $95.00 to $105.00 in a report on Thursday, May 2nd. Citigroup boosted their price objective on shares of Trade Desk from $110.00 to $112.00 and gave the company a buy rating in a research note on Thursday, May 9th. Royal Bank of Canada upped their target price on shares of Trade Desk from $105.00 to $110.00 and gave the stock an outperform rating in a report on Thursday, May 9th. BMO Capital Markets reissued an outperform rating and issued a $108.00 price target (up from $107.00) on shares of Trade Desk in a report on Thursday, May 9th. Finally, Oppenheimer upped their price target on shares of Trade Desk from $105.00 to $120.00 and gave the stock an outperform rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $100.38.

Trade Desk Trading Up 1.7 %

TTD opened at $90.88 on Monday. Trade Desk has a 12 month low of $60.23 and a 12 month high of $102.67. The company has a market cap of $44.45 billion, a PE ratio of 227.21, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48. The company has a 50 day moving average of $96.72 and a 200 day moving average of $85.59.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $491.25 million for the quarter, compared to the consensus estimate of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. Research analysts forecast that Trade Desk will post 0.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now owns 188,236 shares in the company, valued at $18,337,951.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the completion of the sale, the insider now directly owns 188,236 shares in the company, valued at $18,337,951.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $84.47, for a total value of $6,335,250.00. Following the transaction, the chief executive officer now owns 824,022 shares in the company, valued at approximately $69,605,138.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 288,909 shares of company stock worth $27,162,851. 10.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trade Desk

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTD. Apella Capital LLC lifted its position in Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after acquiring an additional 100 shares during the period. RFP Financial Group LLC boosted its position in shares of Trade Desk by 26.4% in the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock worth $54,000 after purchasing an additional 116 shares in the last quarter. Diversify Advisory Services LLC grew its stake in shares of Trade Desk by 4.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock worth $297,000 after buying an additional 127 shares during the last quarter. Brookstone Capital Management increased its position in Trade Desk by 3.0% during the 2nd quarter. Brookstone Capital Management now owns 4,612 shares of the technology company’s stock valued at $439,000 after buying an additional 135 shares in the last quarter. Finally, Csenge Advisory Group raised its stake in Trade Desk by 1.8% during the first quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock valued at $688,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Company Profile

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.