The Trade Desk, Inc. (NASDAQ:TTD) Given Average Rating of “Moderate Buy” by Analysts

The Trade Desk, Inc. (NASDAQ:TTDGet Rating) has received an average rating of “Moderate Buy” from the twenty research firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $67.00.

TTD has been the topic of a number of recent research reports. Susquehanna decreased their target price on Trade Desk from $95.00 to $90.00 in a report on Thursday, November 10th. Morgan Stanley decreased their target price on Trade Desk from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday. New Street Research started coverage on Trade Desk in a research report on Wednesday, January 4th. They issued a “neutral” rating and a $43.00 target price for the company. Truist Financial decreased their target price on Trade Desk from $100.00 to $74.00 in a research report on Thursday, November 10th. Finally, DA Davidson reduced their price objective on Trade Desk from $70.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, November 10th.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $45.57 on Friday. The business’s fifty day moving average price is $47.36 and its two-hundred day moving average price is $53.03. The company has a market capitalization of $22.31 billion, a P/E ratio of -2,278.50, a PEG ratio of 3.84 and a beta of 1.78. Trade Desk has a 1-year low of $39.00 and a 1-year high of $86.88.

Trade Desk (NASDAQ:TTDGet Rating) last issued its quarterly earnings results on Wednesday, November 9th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Trade Desk had a negative net margin of 0.66% and a negative return on equity of 0.57%. The firm had revenue of $394.77 million for the quarter, compared to analyst estimates of $386.29 million. On average, research analysts expect that Trade Desk will post 0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TTD. MetLife Investment Management LLC acquired a new position in Trade Desk during the 1st quarter worth $1,946,000. Synovus Financial Corp lifted its holdings in Trade Desk by 32.8% during the 1st quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock worth $561,000 after buying an additional 1,996 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Trade Desk by 43.0% during the 1st quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock valued at $1,019,000 after acquiring an additional 4,276 shares during the last quarter. Aviva PLC raised its position in shares of Trade Desk by 8.5% during the 1st quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock valued at $7,146,000 after acquiring an additional 8,059 shares during the last quarter. Finally, National Pension Service raised its position in shares of Trade Desk by 11.2% during the 1st quarter. National Pension Service now owns 657,768 shares of the technology company’s stock valued at $45,550,000 after acquiring an additional 66,179 shares during the last quarter. 67.04% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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