Royal Bank Of Canada Increases The Trade Desk Inc. (TTD) Price Target to $67.00

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.

TRADEMARK VIOLATION WARNING: This report was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.dispatchtribunal.com/2017/11/12/royal-bank-of-canada-increases-the-trade-desk-inc-ttd-price-target-to-67-00.html.

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.

Analyst Recommendations for The Trade Desk (NASDAQ:TTD)

Receive News & Ratings for The Trade Desk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Trade Desk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply