Citigroup Boosts Trade Desk (TTD) Price Target to $195.00

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Trade Desk (NASDAQ:TTD) had its price target hoisted by research analysts at Citigroup from $159.00 to $195.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup‘s price objective suggests a potential downside of 1.38% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $144.00 price target on shares of Trade Desk in a research note on Wednesday. ValuEngine raised Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. SunTrust Banks increased their price target on Trade Desk to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 9th. CIBC increased their price target on Trade Desk from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, December 14th. Finally, Zacks Investment Research cut Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Trade Desk has an average rating of “Buy” and a consensus price target of $139.05.

NASDAQ:TTD opened at $197.73 on Friday. Trade Desk has a 1 year low of $45.77 and a 1 year high of $200.15. The firm has a market capitalization of $6.51 billion, a PE ratio of 102.98, a price-to-earnings-growth ratio of 3.22 and a beta of 2.85.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, February 21st. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.28. Trade Desk had a return on equity of 29.35% and a net margin of 18.47%. The company had revenue of $160.47 million during the quarter, compared to analysts’ expectations of $148.18 million. On average, research analysts expect that Trade Desk will post 1.87 EPS for the current year.

In other news, Director Kathryn E. Falberg sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $134.83, for a total transaction of $2,696,600.00. Following the completion of the sale, the director now directly owns 49,786 shares of the company’s stock, valued at $6,712,646.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Randall Pickles sold 15,000 shares of the company’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $120.76, for a total value of $1,811,400.00. Following the sale, the insider now directly owns 52,712 shares of the company’s stock, valued at $6,365,501.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,439 shares of company stock valued at $19,944,439. 23.54% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Trade Desk by 5.9% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 1,800 shares of the technology company’s stock valued at $208,000 after purchasing an additional 100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Trade Desk by 1.2% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,195 shares of the technology company’s stock valued at $1,183,000 after purchasing an additional 120 shares during the last quarter. Neuburgh Advisers LLC lifted its holdings in shares of Trade Desk by 77.8% during the fourth quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $41,000 after purchasing an additional 154 shares during the last quarter. Financial Architects Inc lifted its holdings in shares of Trade Desk by 114.1% during the fourth quarter. Financial Architects Inc now owns 304 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares during the last quarter. Finally, Curbstone Financial Management Corp lifted its holdings in shares of Trade Desk by 3.6% during the fourth quarter. Curbstone Financial Management Corp now owns 5,250 shares of the technology company’s stock valued at $492,000 after purchasing an additional 180 shares during the last quarter. 70.16% of the stock is owned by institutional investors and hedge funds.

Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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