Trade Desk's (TTD) "Outperform" Rating Reaffirmed at BMO Capital Markets

Trade Desk (NASDAQ:TTD - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at BMO Capital Markets in a note issued to investors on Thursday, Benzinga reports. They presently have a $108.00 price objective on the technology company's stock, up from their previous price objective of $107.00. BMO Capital Markets' price target indicates a potential upside of 21.80% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. BTIG Research raised their target price on shares of Trade Desk from $91.00 to $98.00 and gave the company a "buy" rating in a research note on Friday, February 23rd. Seaport Res Ptn reiterated a "neutral" rating on shares of Trade Desk in a research note on Monday, February 12th. Royal Bank of Canada upped their target price on Trade Desk from $90.00 to $105.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th. Jefferies Financial Group upgraded Trade Desk from a "hold" rating to a "buy" rating and lifted their price target for the company from $95.00 to $105.00 in a research report on Thursday, May 2nd. Finally, Susquehanna upped their price objective on Trade Desk from $75.00 to $110.00 and gave the company a "positive" rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.72.

Trade Desk Stock Performance

Shares of Trade Desk stock traded up $2.65 on Thursday, reaching $88.67. 8,743,341 shares of the company were exchanged, compared to its average volume of 4,500,460. The firm has a market cap of $43.35 billion, a price-to-earnings ratio of 246.31, a P/E/G ratio of 4.88 and a beta of 1.50. Trade Desk has a 1-year low of $60.23 and a 1-year high of $94.00. The company's 50-day moving average is $84.04 and its two-hundred day moving average is $76.17.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. As a group, sell-side analysts forecast that Trade Desk will post 0.79 earnings per share for the current year.

Insiders Place Their Bets

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 news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the transaction, the chief executive officer now directly owns 824,022 shares in the company, valued at $69,605,138.34. The disclosure for this sale can be found here. Insiders sold a total of 642,170 shares of company stock worth $53,970,398 in the last quarter. 10.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Trade Desk

Large investors have recently modified their holdings of the company. NBC Securities Inc. bought a new position in Trade Desk in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in Trade Desk during the third quarter worth $26,000. Pinnacle Bancorp Inc. raised its stake in Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company's stock valued at $26,000 after purchasing an additional 163 shares during the last quarter. Riverview Trust Co bought a new stake in Trade Desk in the 1st quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Trade Desk in the 3rd quarter worth $29,000. 67.77% of the stock is owned by institutional investors.

Trade Desk Company Profile

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.