The Trade Desk, Inc. (NASDAQ:TTD) Receives Consensus Recommendation of "Moderate Buy" from Analysts

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-six research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and twenty-two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $92.22.

TTD has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Trade Desk from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday. Benchmark upped their price objective on Trade Desk from $32.00 to $42.00 and gave the company a "sell" rating in a report on Friday, February 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 target price on shares of Trade Desk in a report on Thursday. Seaport Res Ptn reiterated a "neutral" rating on shares of Trade Desk in a research report on Monday, February 12th. Finally, Oppenheimer raised their price objective on shares of Trade Desk from $85.00 to $105.00 and gave the company an "outperform" rating in a research report on Friday, February 16th.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the business's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $84.47, for a total value of $6,335,250.00. Following the transaction, the chief executive officer now owns 824,022 shares in the company, valued at $69,605,138.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the business's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00. Following the completion of the sale, the chief executive officer now directly owns 824,022 shares of the company's stock, valued at $69,605,138.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathryn E. Falberg sold 103,030 shares of the firm's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the transaction, the director now owns 242,609 shares in the company, valued at approximately $19,869,677.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 642,170 shares of company stock valued at $53,970,398. 10.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC grew its position in shares of Trade Desk by 91.7% in the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company's stock valued at $1,049,619,000 after purchasing an additional 6,978,352 shares during the last quarter. Norges Bank acquired a new stake in Trade Desk in the 4th quarter valued at approximately $255,316,000. ARK Investment Management LLC grew its holdings in Trade Desk by 1,162.0% in the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company's stock valued at $154,689,000 after buying an additional 1,979,319 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Trade Desk in the 3rd quarter worth approximately $99,035,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Trade Desk by 6,600.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company's stock worth $78,549,000 after buying an additional 1,075,269 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Stock Performance

Shares of TTD traded down $1.41 during midday trading on Friday, hitting $87.26. 4,294,703 shares of the stock traded hands, compared to its average volume of 3,741,207. Trade Desk has a 1-year low of $60.23 and a 1-year high of $94.00. The firm has a market capitalization of $42.66 billion, a PE ratio of 218.16, a price-to-earnings-growth ratio of 4.89 and a beta of 1.50. The business's 50 day moving average price is $84.11 and its two-hundred day moving average price is $76.27.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly 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 net margin of 9.80% and a return on equity of 9.45%. The business had revenue of $605.80 million for the quarter, compared to the consensus estimate of $582.61 million. As a group, equities research analysts forecast that Trade Desk will post 0.79 EPS for the current fiscal year.

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.