Susquehanna Lowers Trade Desk (NASDAQ:TTD) Price Target to $95.00

Trade Desk (NASDAQ:TTD – Get Rating) had its price objective decreased by investment analysts at Susquehanna from $125.00 to $95.00 in a note issued to investors on Wednesday, The Fly reports. Susquehanna’s price target suggests a potential upside of 117.14% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Trade Desk from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, February 17th. KeyCorp reduced their price target on Trade Desk from $102.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, April 20th. StockNews.com assumed coverage on shares of Trade Desk in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Trade Desk from a “hold” rating to a “sell” rating in a report on Thursday, April 21st. Finally, Susquehanna Bancshares increased their price objective on Trade Desk from $115.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, February 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $94.28.

NASDAQ TTD opened at $43.75 on Wednesday. The business has a fifty day moving average price of $64.08 and a two-hundred day moving average price of $77.41. The stock has a market capitalization of $21.21 billion, a PE ratio of 153.51, a PEG ratio of 11.17 and a beta of 2.15. Trade Desk has a fifty-two week low of $39.39 and a fifty-two week high of $114.09.

Trade Desk (NASDAQ:TTD – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The technology company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.25. The business had revenue of $315.32 million for the quarter, compared to analyst estimates of $304.28 million. Trade Desk had a return on equity of 10.77% and a net margin of 11.51%. Trade Desk’s revenue was up 43.5% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. On average, equities research analysts expect that Trade Desk will post 0.18 earnings per share for the current year.

In other Trade Desk news, Director Eric B. Paley sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $83.16, for a total value of $623,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake Jeffrey Grayson sold 9,633 shares of the business’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $74.05, for a total value of $713,323.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,217 shares of company stock valued at $1,778,114. 10.79% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in TTD. MUFG Americas Holdings Corp acquired a new position in Trade Desk during the 4th quarter valued at about $26,000. Itau Unibanco Holding S.A. bought a new stake in shares of Trade Desk in the 4th quarter worth $27,000. Selective Wealth Management Inc. purchased a new stake in shares of Trade Desk in the fourth quarter valued at about $27,000. Curi Wealth Management LLC bought a new position in shares of Trade Desk during the fourth quarter valued at about $27,000. Finally, Outfitter Financial LLC purchased a new position in Trade Desk during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 63.40% of the company’s stock.

Trade Desk Company Profile (Get Rating)

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

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