Trade Desk (NASDAQ:TTD) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Trade Desk (NASDAQ:TTD – Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other analysts have also issued reports on TTD. Cannonball Research lowered Trade Desk from a “strong-buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Friday, August 7th. Royal Bank Of Canada lifted their price target on Trade Desk from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 10th. Evercore set a $14.00 price target on Trade Desk in a report on Tuesday, September 8th. Wedbush reissued a “neutral” rating and issued a $15.00 price objective on shares of Trade Desk in a research report on Tuesday, November 10th. Finally, Susquehanna restated a “neutral” rating and issued a $17.00 price objective (up from $14.00) on shares of Trade Desk in a research note on Tuesday, November 10th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $18.52.

Check Out Our Latest Stock Analysis on TTD

Trade Desk Stock Up 1.4%

TTD stock traded up $0.21 during mid-day trading on Friday, reaching $15.68. 14,628,903 shares of the stock traded hands, compared to its average volume of 21,449,778. The firm has a market capitalization of $7.37 billion, a PE ratio of 22.72, a P/E/G ratio of 2.13 and a beta of 0.98. The business has a 50-day moving average of $13.20 and a two-hundred day moving average of $19.13. Trade Desk has a 52 week low of $11.62 and a 52 week high of $42.69.

Trade Desk (NASDAQ:TTD – Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.29. Trade Desk had a return on equity of 14.36% and a net margin of 11.03%. The business had revenue of $735.97 million for the quarter, compared to analyst estimates of $650.93 million. During the same period in the previous year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Trade Desk will post 0.41 EPS for the current fiscal year.

Insider Activity at Trade Desk

In other news, Director Samantha Jacobson sold 6,042 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $15.99, for a total transaction of $96,611.58. Following the completion of the transaction, the director directly owned 7,057 shares of the company’s stock, valued at approximately $112,841.43. This trade represents a 46.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.72% of the company’s stock.

Institutional Trading of Trade Desk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deane Retirement Strategies Inc. bought a new position in shares of Trade Desk during the second quarter valued at $2,101,000. First Trust Advisors LP boosted its stake in shares of Trade Desk by 32.1% in the 1st quarter. First Trust Advisors LP now owns 1,448,758 shares of the technology company’s stock valued at $32,872,000 after purchasing an additional 351,771 shares in the last quarter. SEB Asset Management AB bought a new stake in shares of Trade Desk in the 1st quarter worth about $2,007,000. Tidal Investments LLC grew its holdings in shares of Trade Desk by 148.0% in the 2nd quarter. Tidal Investments LLC now owns 122,121 shares of the technology company’s stock worth $2,208,000 after purchasing an additional 72,888 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Trade Desk by 6.1% during the 1st quarter. Hsbc Holdings PLC now owns 1,083,635 shares of the technology company’s stock worth $24,737,000 after purchasing an additional 62,672 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Recent Trade Desk Headlines

Here are a few of the latest headlines about TTD:

Trade Desk Company Profile

(Get Free Report)

The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.

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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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