SunTrust Banks restated their buy rating on shares of Trade Desk (NASDAQ:TTD) in a research note issued to investors on Friday morning. They currently have a $60.00 target price on the technology company’s stock. SunTrust Banks also issued estimates for Trade Desk’s FY2022 earnings at $4.75 EPS.
A number of other analysts have also commented on the company. Vetr lowered Trade Desk from a strong-buy rating to a buy rating and set a $54.47 price target on the stock. in a report on Thursday. Zacks Investment Research upgraded Trade Desk from a hold rating to a buy rating and set a $54.00 price target on the stock in a report on Thursday. Wells Fargo & Co started coverage on Trade Desk in a report on Wednesday, December 20th. They issued an outperform rating and a $60.00 price target on the stock. BidaskClub lowered Trade Desk from a hold rating to a sell rating in a report on Thursday, December 7th. Finally, Jefferies Group restated a buy rating and issued a $63.00 price target 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 given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $63.79.
Trade Desk (NASDAQ TTD) traded up $0.17 during mid-day trading on Friday, reaching $49.13. 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 firm has a market cap of $2,020.00 and a price-to-earnings ratio of 48.17. Trade Desk has a 52-week low of $28.11 and a 52-week high of $67.30.
Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.15. The firm had revenue of $79.40 million for the quarter, compared to analyst estimates of $76.84 million. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The company’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. analysts expect that Trade Desk will post 1.28 earnings per share for the current year.
In related news, CFO Paul Ross sold 3,705 shares of Trade Desk stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $63.33, for a total value of $234,637.65. Following the sale, the chief financial officer now owns 53,451 shares of the company’s stock, valued at $3,385,051.83. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert David Perdue sold 7,500 shares of Trade Desk stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $46.37, for a total value of $347,775.00. Following the completion of the sale, the chief operating officer now directly owns 102,238 shares in the company, valued at approximately $4,740,776.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,616 shares of company stock worth $4,322,870. 26.87% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. AHL Partners LLP acquired a new stake in shares of Trade Desk in the second quarter valued at about $373,000. Deane Retirement Strategies Inc. acquired a new position in Trade Desk during the third quarter worth approximately $2,032,000. Ameriprise Financial Inc. acquired a new position in Trade Desk during the second quarter worth approximately $1,252,000. Balyasny Asset Management LLC acquired a new position in Trade Desk during the second quarter worth approximately $6,194,000. Finally, GSA Capital Partners LLP increased its position in Trade Desk by 48.2% during the third quarter. GSA Capital Partners LLP now owns 27,294 shares of the technology company’s stock worth $1,679,000 after buying an additional 8,875 shares during the last quarter. 65.38% of the stock is currently owned by institutional investors and hedge funds.
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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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