The Trade Desk Inc. (NASDAQ:TTD) had its price target lifted by equities researchers at Royal Bank Of Canada from $65.00 to $67.00 in a research report issued on Friday. The brokerage currently has an “outperform” rating on the stock.
Other analysts also recently issued reports about the company. Susquehanna Bancshares Inc restated a “positive” rating and set a $66.00 price objective on shares of The Trade Desk in a report on Thursday, September 7th. Jefferies Group LLC restated a “buy” rating and set a $60.00 price objective (up from $57.00) on shares of The Trade Desk in a report on Friday, August 11th. Vetr upgraded The Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.92 price objective for the company in a report on Tuesday, October 17th. Citigroup Inc. restated a “buy” rating and set a $60.00 price objective (up from $55.00) on shares of The Trade Desk in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded The Trade Desk from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective for the company in a report on Thursday, August 17th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The Trade Desk currently has an average rating of “Buy” and a consensus target price of C$67.07.
Shares of The Trade Desk (NASDAQ:TTD) opened at C$50.99 on Friday. The company has a market capitalization of $2,079.58, a price-to-earnings ratio of 49.03 and a beta of 7.32. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. The Trade Desk has a twelve month low of C$24.02 and a twelve month high of C$67.30.
The Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 9th. The company reported C$0.35 EPS for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.15. The business had revenue of C$79.40 million during the quarter, compared to the consensus estimate of C$76.84 million. The Trade Desk had a return on equity of 25.60% and a net margin of 15.93%. The business’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. research analysts predict that The Trade Desk will post 1.16 earnings per share for the current year.
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In related news, insider Brian John Stempeck sold 10,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of C$64.18, for a total transaction of C$641,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Terry Green sold 9,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of C$52.98, for a total transaction of C$476,820.00. Following the completion of the transaction, the insider now directly owns 117,400 shares of the company’s stock, valued at C$6,219,852. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 240,894 shares of company stock valued at $13,764,597. 26.87% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. AHL Partners LLP bought a new position in shares of The Trade Desk during the second quarter worth about $373,000. Quantum Capital Management LLC NJ bought a new position in shares of The Trade Desk during the second quarter worth about $3,787,000. American International Group Inc. bought a new position in shares of The Trade Desk during the first quarter worth about $126,000. Deane Retirement Strategies Inc. bought a new position in shares of The Trade Desk during the third quarter worth about $2,032,000. Finally, Balyasny Asset Management LLC bought a new position in shares of The Trade Desk during the second quarter worth about $6,194,000. 62.48% of the stock is owned by institutional investors.
About The Trade Desk
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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