Trade Desk (NASDAQ:TTD) Now Covered by Analysts at JMP Securities

JMP Securities started coverage on shares of Trade Desk (NASDAQ:TTD) in a research report sent to investors on Tuesday, Marketbeat reports. The firm issued a mkt outperform rating and a $150.00 target price on the technology company’s stock.

A number of other equities analysts have also commented on TTD. Wolfe Research raised their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Benchmark reissued a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their target price for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Scotiabank initiated coverage on shares of Trade Desk in a research note on Thursday, December 5th. They set a “sector perform” rating and a $133.00 target price for the company. Finally, Evercore ISI lifted their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Stock Performance

Trade Desk stock opened at $124.50 on Tuesday. The company has a 50 day moving average price of $126.07 and a 200 day moving average price of $113.24. Trade Desk has a 52 week low of $66.56 and a 52 week high of $141.53. The firm has a market capitalization of $61.45 billion, a price-to-earnings ratio of 204.10, a P/E/G ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The firm had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same period in the prior year, the business posted $0.08 EPS. Equities analysts forecast that Trade Desk will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trade Desk

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC boosted its position in Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Trade Desk in the fourth quarter valued at about $35,000. Avior Wealth Management LLC boosted its position in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in shares of Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares during the last quarter. Finally, Brown Lisle Cummings Inc. raised its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.