Trade Desk (NASDAQ:TTD) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Trade Desk (NASDAQ:TTD) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other research firms have also recently issued reports on TTD. KeyCorp boosted their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. JMP Securities initiated coverage on Trade Desk in a research report on Tuesday. They set a “mkt outperform” rating and a $150.00 price target for the company. StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Loop Capital upped their target price on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada lifted their price target on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk Stock Down 1.3 %

NASDAQ TTD opened at $119.14 on Tuesday. The company has a 50-day simple moving average of $125.80 and a two-hundred day simple moving average of $113.33. Trade Desk has a 12-month low of $66.56 and a 12-month high of $141.53. The firm has a market cap of $58.80 billion, a price-to-earnings ratio of 195.31, a PEG ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The company had revenue of $628.02 million for the quarter, compared to analysts’ expectations of $619.89 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. Equities analysts expect that Trade Desk will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 512,953 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total transaction of $63,949,850.51. Following the sale, the chief executive officer now owns 243,476 shares of the company’s stock, valued at $30,354,152.92. This trade represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 549,684 shares of company stock worth $68,444,576. Insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its position in shares of Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the period. Jennison Associates LLC increased its stake in Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after buying an additional 2,013,047 shares in the last quarter. Edgewood Management LLC raised its holdings in Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after acquiring an additional 5,675,571 shares during the period. FMR LLC lifted its position in shares of Trade Desk by 1.3% in the third quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock valued at $286,867,000 after acquiring an additional 32,999 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Trade Desk by 3.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock worth $231,294,000 after purchasing an additional 68,206 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

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.