BidaskClub upgraded shares of Trade Desk (NASDAQ:TTD) from a sell rating to a hold rating in a report issued on Thursday.
Several other equities analysts have also issued reports on TTD. Vetr lowered Trade Desk from a strong-buy rating to a buy rating and set a $71.92 price target for the company. in a research report on Tuesday, October 31st. SunTrust Banks reaffirmed a hold rating and issued a $55.00 price target on shares of Trade Desk in a research report on Monday, November 6th. Royal Bank of Canada lifted their price target on Trade Desk from $65.00 to $67.00 and gave the stock an outperform rating in a research report on Friday, November 10th. Jefferies Group reaffirmed a buy rating and issued a $63.00 price target on shares of Trade Desk in a research report on Friday, November 10th. Finally, Zacks Investment Research raised Trade Desk from a sell rating to a hold rating in a research report on Friday, November 17th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Trade Desk currently has an average rating of Buy and an average price target of $63.62.
Trade Desk (TTD) opened at $48.41 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $1,990.00 and a PE ratio of 47.46. Trade Desk has a 52-week low of $31.54 and a 52-week high of $67.30.
In related news, insider Jeffrey Terry Green sold 9,000 shares of Trade Desk stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $47.61, for a total value of $428,490.00. Following the completion of the sale, the insider now directly owns 113,744 shares in the company, valued at approximately $5,415,351.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert David Perdue sold 11,759 shares of Trade Desk stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $50.02, for a total value of $588,185.18. Following the completion of the sale, the chief operating officer now owns 133,956 shares of the company’s stock, valued at $6,700,479.12. The disclosure for this sale can be found here. Insiders sold a total of 70,924 shares of company stock valued at $3,447,883 over the last quarter. 26.87% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTD. Advisor Group Inc. grew its stake in shares of Trade Desk by 9,856.5% during the 2nd quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock valued at $115,000 after purchasing an additional 2,267 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Trade Desk by 129.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock valued at $126,000 after purchasing an additional 1,550 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Trade Desk by 57.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,038 shares during the period. SG Americas Securities LLC bought a new stake in shares of Trade Desk during the 4th quarter valued at about $169,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Trade Desk during the 3rd quarter valued at about $234,000. Institutional investors own 67.80% of the company’s stock.
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Trade Desk Company Profile
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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