The Trade Desk Inc. (NASDAQ:TTD) Rating Reiterated by Susquehanna Bancshares Inc

The Trade Desk Inc. (NASDAQ:TTD)‘s stock had its “positive” rating reissued by Susquehanna Bancshares Inc in a report issued on Wednesday, October 4th. They currently have a $66.00 price target on the technology company’s stock. Susquehanna Bancshares Inc’s price objective points to a potential upside of 2.28% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. JMP Securities assumed coverage on shares of The Trade Desk in a research note on Monday, October 2nd. They set an “outperform” rating and a $70.00 price target for the company. BidaskClub raised shares of The Trade Desk from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 price target on shares of The Trade Desk in a research note on Monday, October 2nd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $62.00 price target on shares of The Trade Desk in a research note on Thursday, September 21st. Finally, Zacks Investment Research raised shares of The Trade Desk from a “hold” rating to a “strong-buy” rating and set a $59.00 price target for the company in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $61.00.

Shares of The Trade Desk (TTD) traded down 0.6502% on Wednesday, reaching $64.1104. 257,723 shares of the company’s stock traded hands. The Trade Desk has a 52 week low of $22.00 and a 52 week high of $67.30. The company has a 50 day moving average price of $60.93 and a 200 day moving average price of $60.93. The firm has a market capitalization of $2.61 billion and a price-to-earnings ratio of 59.1970.

The Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The business had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $68.02 million. The Trade Desk’s revenue was up 54.2% on a year-over-year basis. On average, equities research analysts predict that The Trade Desk will post $1.43 earnings per share for the current fiscal year.

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In related news, CEO Jeffrey Terry Green sold 4,515 shares of The Trade Desk stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $53.69, for a total value of $242,410.35. Following the transaction, the chief executive officer now directly owns 130,885 shares of the company’s stock, valued at $7,027,215.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Robert David Perdue sold 12,500 shares of The Trade Desk stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $53.34, for a total value of $666,750.00. Following the completion of the transaction, the chief operating officer now directly owns 89,766 shares in the company, valued at $4,788,118.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 306,704 shares of company stock worth $17,044,664. Company insiders own 26.87% of the company’s stock.

Several institutional investors have recently bought and sold shares of TTD. FMR LLC lifted its stake in shares of The Trade Desk by 2,598.3% in the first quarter. FMR LLC now owns 1,397,700 shares of the technology company’s stock worth $52,064,000 after acquiring an additional 1,345,900 shares during the period. Vanguard Group Inc. lifted its stake in The Trade Desk by 79.9% in the second quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock valued at $99,976,000 after buying an additional 885,916 shares during the period. Lord Abbett & CO. LLC lifted its stake in The Trade Desk by 109.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock valued at $71,771,000 after buying an additional 748,795 shares during the period. Renaissance Technologies LLC lifted its stake in The Trade Desk by 193.5% in the second quarter. Renaissance Technologies LLC now owns 828,300 shares of the technology company’s stock valued at $41,506,000 after buying an additional 546,100 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its stake in The Trade Desk by 79.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,196,045 shares of the technology company’s stock valued at $59,933,000 after buying an additional 529,645 shares during the period. 62.80% of the stock is currently owned by institutional investors.

The 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.

Analyst Recommendations for The Trade Desk (NASDAQ:TTD)

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