Trade Desk Inc (NYSE:TTD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “The Trade Desk, Inc. is a provider of technology platform for advertising. The company through self-service, cloud-based platform, ad buyers create, manage and optimize data-driven digital advertising campaigns which includes display, video, audio, native and social, on a multitude of devices, such as computers, mobile devices and connected TV. It operates primarily in the United States, Europe and Asia. The Trade Desk, Inc. is headquartered in Ventura, CA. “
A number of other research firms also recently weighed in on TTD. RBC Capital Markets reaffirmed a “buy” rating and issued a $33.00 target price on shares of Trade Desk in a research report on Tuesday, January 3rd. Raymond James Financial, Inc. assumed coverage on shares of Trade Desk in a research report on Monday, October 17th. They issued an “outperform” rating and a $31.00 target price for the company. Needham & Company LLC assumed coverage on shares of Trade Desk in a research report on Monday, October 17th. They issued a “buy” rating and a $32.00 target price for the company. Royal Bank Of Canada assumed coverage on shares of Trade Desk in a research report on Monday, October 17th. They issued an “outperform” rating and a $33.00 target price for the company. Finally, Citigroup Inc. assumed coverage on shares of Trade Desk in a research report on Monday, October 17th. They issued a “buy” rating and a $31.00 target price for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.13.
Trade Desk (NYSE:TTD) traded down 0.45% on Wednesday, hitting $28.73. 42,852 shares of the stock traded hands. The stock’s market cap is $1.11 billion. Trade Desk has a 52 week low of $22.00 and a 52 week high of $33.40. The firm’s 50 day moving average is $28.38 and its 200 day moving average is $27.19.
Trade Desk (NYSE:TTD) last released its earnings results on Thursday, November 10th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The business earned $53 million during the quarter. The firm’s quarterly revenue was up 84.0% on a year-over-year basis. Equities analysts anticipate that Trade Desk will post $0.75 earnings per share for the current year.
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In related news, Director Kathryn E. Falberg bought 80,000 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was bought at an average price of $25.85 per share, for a total transaction of $2,068,000.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $517,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Hedge funds have recently bought and sold shares of the company. KCG Holdings Inc. bought a new stake in Trade Desk during the third quarter worth about $230,000. BlackRock Group LTD bought a new stake in Trade Desk during the third quarter worth about $265,000. Whale Rock Capital Management LLC bought a new stake in Trade Desk during the third quarter worth about $438,000. Gilder Gagnon Howe & Co. LLC bought a new stake in Trade Desk during the third quarter worth about $446,000. Finally, Jabre Capital Partners S.A. bought a new stake in Trade Desk during the third quarter worth about $584,000.
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. Its technology platform also enables its clients to purchase advertising inventory, data and other add-on features to engage, target and convert their customers.
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