Trade Desk (NASDAQ:TTD) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, January 23rd. They presently have a $52.18 price target on the technology company’s stock. Vetr‘s price target points to a potential upside of 10.53% from the company’s current price.
Other analysts have also issued reports about the company. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Thursday, January 11th. BidaskClub lowered Trade Desk from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price objective (up from $62.00) on shares of Trade Desk in a research report on Thursday, October 5th. SunTrust Banks reiterated a “buy” rating and issued a $60.00 price objective on shares of Trade Desk in a research report on Friday, January 12th. Finally, JMP Securities started coverage on Trade Desk in a research report on Monday, October 2nd. They issued an “outperform” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $63.67.
Shares of Trade Desk (NASDAQ:TTD) traded up $1.99 during midday trading on Tuesday, hitting $47.21. The company’s stock had a trading volume of 1,144,388 shares, compared to its average volume of 864,761. The company has a market capitalization of $1,940.00 and a PE ratio of 46.28. Trade Desk has a 12 month low of $30.50 and a 12 month high of $67.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56.
In other news, insider Brian John Stempeck sold 10,000 shares of Trade Desk stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $48.78, for a total transaction of $487,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Robert David Perdue sold 513 shares of Trade Desk stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total value of $25,650.00. Following the transaction, the chief operating officer now owns 133,956 shares in the company, valued at approximately $6,697,800. The disclosure for this sale can be found here. Insiders have sold a total of 80,924 shares of company stock worth $3,935,683 in the last quarter. 26.87% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its stake in Trade Desk by 22.7% in the 4th quarter. Alliancebernstein L.P. now owns 2,620,560 shares of the technology company’s stock valued at $119,838,000 after acquiring an additional 484,238 shares in the last quarter. Vanguard Group Inc. lifted its stake in Trade Desk by 79.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock valued at $99,976,000 after acquiring an additional 885,916 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Trade Desk by 33.2% in the 4th quarter. Allianz Asset Management GmbH now owns 1,859,515 shares of the technology company’s stock valued at $85,036,000 after acquiring an additional 463,352 shares in the last quarter. FMR LLC lifted its stake in Trade Desk by 12.7% in the 2nd quarter. FMR LLC now owns 1,575,792 shares of the technology company’s stock valued at $78,963,000 after acquiring an additional 178,092 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its stake in Trade Desk by 33.6% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,465,060 shares of the technology company’s stock valued at $66,997,000 after acquiring an additional 368,555 shares in the last quarter. Hedge funds and other institutional investors own 67.80% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/14/trade-desk-ttd-downgraded-to-buy-at-vetr.html.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.