BidaskClub downgraded shares of The Trade Desk Inc. (NASDAQ:TTD) from a buy rating to a hold rating in a research note published on Friday morning.
TTD has been the topic of a number of other research reports. Royal Bank Of Canada restated a buy rating on shares of The Trade Desk in a report on Wednesday, August 2nd. Macquarie initiated coverage on The Trade Desk in a report on Thursday, October 12th. They set an outperform rating and a $78.00 target price on the stock. Vetr cut The Trade Desk from a strong-buy rating to a buy rating and set a $71.92 target price on the stock. in a report on Tuesday, October 31st. Cantor Fitzgerald restated an overweight rating and set a $62.00 target price on shares of The Trade Desk in a report on Friday, September 1st. Finally, Zacks Investment Research cut The Trade Desk from a buy rating to a hold rating in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The Trade Desk presently has an average rating of Buy and an average price target of C$67.07.
Shares of The Trade Desk (TTD) opened at C$50.99 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2,079.58, a PE ratio of 49.03 and a beta of 7.32. The Trade Desk has a 12-month low of C$24.02 and a 12-month high of C$67.30.
The Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 9th. The company reported C$0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.20 by C$0.15. The Trade Desk had a return on equity of 25.60% and a net margin of 15.93%. The firm had revenue of C$79.40 million for the quarter, compared to analysts’ expectations of C$76.84 million. During the same quarter last year, the business earned $0.24 earnings per share. The company’s revenue was up 49.8% compared to the same quarter last year. analysts anticipate that The Trade Desk will post 1.16 EPS for the current year.
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In other news, CFO Paul Ross sold 3,705 shares of The Trade Desk stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of C$63.33, for a total transaction of C$234,637.65. Following the transaction, the chief financial officer now owns 53,451 shares in the company, valued at approximately C$3,385,051.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Randall Pickles sold 75,000 shares of The Trade Desk stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of C$49.91, for a total value of C$3,743,250.00. Following the transaction, the insider now owns 127,736 shares in the company, valued at approximately C$6,375,303.76. The disclosure for this sale can be found here. Insiders have sold a total of 240,894 shares of company stock worth $13,764,597 in the last quarter. 26.87% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. AHL Partners LLP bought a new position in shares of The Trade Desk during the 2nd quarter valued at about $373,000. Quantum Capital Management LLC NJ bought a new position in shares of The Trade Desk during the 2nd quarter valued at about $3,787,000. American International Group Inc. bought a new position in shares of The Trade Desk during the 1st quarter valued at about $126,000. Deane Retirement Strategies Inc. bought a new position in shares of The Trade Desk during the 3rd quarter valued at about $2,032,000. Finally, Balyasny Asset Management LLC bought a new position in shares of The Trade Desk during the 2nd quarter valued at about $6,194,000. Institutional investors and hedge funds own 62.48% of the company’s stock.
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.
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