Trade Desk Inc (NASDAQ:TTD) – Investment analysts at DA Davidson issued their FY2019 EPS estimates for shares of Trade Desk in a report issued on Monday, November 11th. DA Davidson analyst T. White anticipates that the technology company will post earnings of $2.02 per share for the year. DA Davidson also issued estimates for Trade Desk’s Q4 2019 earnings at $0.87 EPS.
TTD has been the subject of several other research reports. SunTrust Banks reissued a “buy” rating and issued a $285.00 target price on shares of Trade Desk in a research report on Wednesday, November 6th. TheStreet raised Trade Desk from a “c-” rating to a “b-” rating in a research report on Friday, September 20th. Stifel Nicolaus decreased their target price on Trade Desk from $255.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, November 8th. ValuEngine lowered Trade Desk from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group downgraded Trade Desk from a “buy” rating to a “hold” rating and upped their price target for the stock from $225.00 to $250.00 in a research note on Thursday, July 18th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Trade Desk currently has an average rating of “Hold” and a consensus price target of $231.19.
Shares of NASDAQ:TTD opened at $228.08 on Wednesday. Trade Desk has a 52-week low of $102.35 and a 52-week high of $289.51. The firm has a market capitalization of $9.76 billion, a P/E ratio of 118.79, a P/E/G ratio of 4.26 and a beta of 2.71. The stock has a 50 day moving average price of $197.69 and a 200-day moving average price of $223.32. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.62 and a current ratio of 1.62.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Redhawk Wealth Advisors Inc. boosted its stake in Trade Desk by 1.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 2,249 shares of the technology company’s stock valued at $512,000 after purchasing an additional 37 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Trade Desk by 59.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock valued at $36,000 after purchasing an additional 59 shares during the last quarter. World Asset Management Inc boosted its stake in Trade Desk by 5.2% during the 3rd quarter. World Asset Management Inc now owns 1,291 shares of the technology company’s stock valued at $242,000 after purchasing an additional 64 shares during the last quarter. WINTON GROUP Ltd boosted its stake in Trade Desk by 3.3% during the 2nd quarter. WINTON GROUP Ltd now owns 2,201 shares of the technology company’s stock valued at $501,000 after purchasing an additional 71 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Trade Desk by 3.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,372 shares of the technology company’s stock valued at $445,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 65.94% of the company’s stock.
In other Trade Desk news, insider Vivian Yang sold 2,142 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $242.13, for a total transaction of $518,642.46. Following the sale, the insider now directly owns 43,366 shares in the company, valued at approximately $10,500,209.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eric B. Paley sold 400 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $238.38, for a total value of $95,352.00. Following the sale, the director now owns 31,775 shares in the company, valued at $7,574,524.50. The disclosure for this sale can be found here. Insiders sold a total of 370,503 shares of company stock worth $92,109,930 in the last 90 days. 17.44% of the stock is currently owned by company insiders.
Trade Desk Company Profile
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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
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