News coverage about Trade Desk (NASDAQ:TTD) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trade Desk earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.5404469414997 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Trade Desk (NASDAQ:TTD) traded up $0.17 during trading hours on Friday, reaching $49.13. 848,838 shares of the company’s stock were exchanged, compared to its average volume of 856,589. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2,020.00 and a PE ratio of 48.17. Trade Desk has a one year low of $28.11 and a one year high of $67.30.
Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. The company had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $76.84 million. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The firm’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS. analysts predict that Trade Desk will post 1.28 earnings per share for the current year.
TTD has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated a “buy” rating and set a $67.00 target price (up previously from $62.00) on shares of Trade Desk in a research report on Thursday, October 5th. Needham & Company LLC reissued a “buy” rating and set a $66.00 price target (up previously from $62.00) on shares of Trade Desk in a report on Thursday, October 5th. Vetr lowered Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 price target on the stock. in a report on Tuesday, October 31st. Zacks Investment Research raised Trade Desk from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Tuesday, October 17th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Trade Desk in a report on Friday, November 10th. One analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Trade Desk currently has a consensus rating of “Buy” and a consensus target price of $63.79.
In other news, CEO Jeffrey Terry Green sold 9,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.26, for a total value of $596,340.00. Following the completion of the transaction, the chief executive officer now directly owns 99,400 shares in the company, valued at $6,586,244. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert David Perdue sold 12,500 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $64.87, for a total transaction of $810,875.00. Following the completion of the transaction, the chief operating officer now owns 82,409 shares of the company’s stock, valued at $5,345,871.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,616 shares of company stock worth $4,964,670. 26.87% of the stock is owned by company insiders.
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About 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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