Trade Desk (NASDAQ:TTD) had its price target boosted by investment analysts at Royal Bank Of Canada from $65.00 to $67.00 in a research report issued to clients and investors on Friday, November 10th, Marketbeat reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 38.40% from the company’s previous close.
Several other equities analysts also recently commented on TTD. Needham & Company LLC reissued a “buy” rating and issued a $62.00 target price (up previously from $56.00) on shares of Trade Desk in a report on Friday, August 11th. Jefferies Group reissued a “buy” rating and issued a $60.00 target price (up previously from $57.00) on shares of Trade Desk in a report on Friday, August 11th. Citigroup reissued a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of Trade Desk in a report on Friday, August 11th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $66.00 price target (up previously from $60.00) on shares of Trade Desk in a research note on Monday, August 14th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $62.00 price target on shares of Trade Desk in a research note on Thursday, September 21st. Three analysts have rated the stock with a hold rating, eight 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 a consensus price target of $67.07.
Shares of Trade Desk (NASDAQ TTD) traded down $1.73 during trading on Friday, reaching $48.41. 1,144,900 shares of the company’s stock traded hands, compared to its average volume of 938,143. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56. Trade Desk has a twelve month low of $25.48 and a twelve month high of $67.30. The stock has a market capitalization of $2,060.00 and a PE ratio of 49.22.
In other news, CFO Paul Ross sold 3,705 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $63.33, for a total value of $234,637.65. Following the transaction, the chief financial officer now directly owns 53,451 shares in the company, valued at $3,385,051.83. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey Terry Green sold 9,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $52.98, for a total transaction of $476,820.00. Following the completion of the transaction, the insider now owns 117,400 shares in the company, valued at $6,219,852. The disclosure for this sale can be found here. In the last three months, insiders sold 165,894 shares of company stock worth $9,967,547. Insiders own 26.87% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. 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 worth $115,000 after acquiring an additional 2,267 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Trade Desk by 665.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock worth $117,000 after acquiring an additional 2,029 shares in the last quarter. Nationwide Fund Advisors grew its holdings in Trade Desk by 181.5% during the 1st quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock worth $105,000 after acquiring an additional 1,824 shares in 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 worth $165,000 after acquiring an additional 1,038 shares in the last quarter. Finally, American International Group Inc. bought a new position in Trade Desk during the 1st quarter worth about $126,000. Hedge funds and other institutional investors own 65.42% 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.
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