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

Shares of The Trade Desk, Inc. (NASDAQ:TTD) have earned an average recommendation of “Moderate Buy” from the twenty-six ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $89.75.

A number of research analysts recently commented on TTD shares. BTIG Research raised their price target on Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Royal Bank of Canada raised their price target on Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Oppenheimer raised their price target on Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. Finally, Benchmark lifted their target price on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th.

Trade Desk Stock Performance

TTD opened at $80.99 on Tuesday. Trade Desk has a fifty-two week low of $59.36 and a fifty-two week high of $94.00. The company has a market capitalization of $39.60 billion, a P/E ratio of 224.97, a P/E/G ratio of 4.76 and a beta of 1.50. The stock has a fifty day moving average of $82.16 and a 200-day moving average of $75.57.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The firm had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. On average, equities research analysts predict that Trade Desk will post 0.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 2,999 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the completion of the sale, the director now owns 36,312 shares in the company, valued at $2,278,941.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Gokul Rajaram sold 2,999 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the completion of the sale, the director now owns 36,312 shares in the company, valued at $2,278,941.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 492,569 shares of company stock valued at $41,213,950. 10.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TTD. Riverview Trust Co purchased a new position in shares of Trade Desk during the 1st quarter valued at $27,000. NBC Securities Inc. purchased a new position in shares of Trade Desk during the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Trade Desk during the 3rd quarter valued at $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Trade Desk during the 3rd quarter valued at $29,000. Finally, Main Street Group LTD purchased a new stake in Trade Desk during the 4th quarter worth about $29,000. Institutional investors own 67.77% of the company’s stock.

About Trade Desk

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.