Shares of The Trade Desk Inc (NASDAQ:TTD) reached a new 52-week high and low during mid-day trading on Friday . The company traded as low as $84.65 and last traded at $84.68, with a volume of 80414 shares traded. The stock had previously closed at $81.24.
A number of analysts have recently issued reports on TTD shares. Vetr lowered shares of The Trade Desk from a “strong-buy” rating to a “buy” rating and set a $54.05 price target for the company. in a research report on Thursday, February 15th. Citigroup increased their price target on shares of The Trade Desk from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Wells Fargo reissued a “buy” rating and issued a $62.00 price target on shares of The Trade Desk in a research report on Friday, February 23rd. Stifel Nicolaus set a $69.00 price target on shares of The Trade Desk and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Needham & Company LLC increased their price target on shares of The Trade Desk to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. Seventeen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The Trade Desk has a consensus rating of “Buy” and an average price target of $71.75.
The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 68.50, a P/E/G ratio of 2.70 and a beta of 1.92.
The Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, May 10th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.24. The firm had revenue of $85.70 million for the quarter, compared to analyst estimates of $73.25 million. The Trade Desk had a net margin of 16.14% and a return on equity of 24.07%. The company’s revenue for the quarter was up 60.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. equities analysts forecast that The Trade Desk Inc will post 1.41 EPS for the current year.
In other news, CEO Jeffrey Terry Green sold 9,000 shares of The Trade Desk stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $49.10, for a total value of $441,900.00. Following the transaction, the chief executive officer now owns 113,819 shares of the company’s stock, valued at $5,588,512.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Paul Ross sold 3,729 shares of The Trade Desk stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $59.71, for a total transaction of $222,658.59. Following the completion of the transaction, the chief financial officer now directly owns 71,101 shares in the company, valued at approximately $4,245,440.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 990,362 shares of company stock worth $57,829,343. Insiders own 26.87% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TTD. Benjamin F. Edwards & Company Inc. raised its position in shares of The Trade Desk by 129.2% in the fourth 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. SG Americas Securities LLC bought a new position in shares of The Trade Desk in the fourth quarter valued at approximately $169,000. Circle Wealth Management LLC bought a new position in shares of The Trade Desk in the fourth quarter valued at approximately $202,000. Paloma Partners Management Co bought a new position in shares of The Trade Desk in the fourth quarter valued at approximately $227,000. Finally, Xact Kapitalforvaltning AB bought a new position in shares of The Trade Desk in the first quarter valued at approximately $228,000. 70.94% of the stock is currently owned by institutional investors.
About The Trade Desk
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
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