Trade Desk (NASDAQ:TTD) Price Target Cut to $100.00 by Analysts at Wells Fargo & Company

Trade Desk (NASDAQ:TTDGet Rating) had its target price decreased by Wells Fargo & Company from $120.00 to $100.00 in a research report released on Wednesday, The Fly reports.

A number of other research analysts also recently issued reports on TTD. Jefferies Financial Group decreased their price target on shares of Trade Desk from $105.00 to $85.00 in a research note on Monday. KeyCorp cut their price objective on shares of Trade Desk from $102.00 to $90.00 and set an overweight rating on the stock in a report on Wednesday, April 20th. Susquehanna Bancshares cut their price objective on shares of Trade Desk from $125.00 to $95.00 in a report on Wednesday. Zacks Investment Research cut shares of Trade Desk from a hold rating to a sell rating in a report on Thursday, April 21st. Finally, StockNews.com assumed coverage on shares of Trade Desk in a report on Thursday, March 31st. They set a hold rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of $91.50.

Trade Desk stock opened at $43.34 on Wednesday. Trade Desk has a 12-month low of $39.39 and a 12-month high of $114.09. The stock has a market cap of $21.01 billion, a P/E ratio of 152.07, a PEG ratio of 11.17 and a beta of 2.15. The company has a 50-day moving average price of $63.37 and a 200 day moving average price of $77.17.

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

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

A number of institutional investors have recently added to or reduced their stakes in TTD. MUFG Americas Holdings Corp bought a new stake in Trade Desk in the fourth quarter valued at $26,000. Selective Wealth Management Inc. bought a new stake in Trade Desk in the fourth quarter valued at $27,000. Curi Wealth Management LLC bought a new stake in Trade Desk in the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. bought a new stake in Trade Desk in the fourth quarter valued at $27,000. Finally, Outfitter Financial LLC bought a new stake in Trade Desk in the fourth quarter valued at $32,000. 63.40% of the stock is owned by hedge funds and other institutional investors.

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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