The Trade Desk (NASDAQ:TTD) Receives Consensus Rating of "Moderate Buy" from Brokerages

The Trade Desk (NASDAQ:TTD - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirty-three research firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and twenty-six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $97.27.

Several research analysts have issued reports on the company. Royal Bank Of Canada reduced their price objective on Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating and set a $100.00 price target on shares of Trade Desk in a report on Tuesday, June 24th. Stifel Nicolaus cut their price objective on shares of Trade Desk from $122.00 to $87.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Truist Financial boosted their price objective on shares of Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Citigroup boosted their price objective on shares of Trade Desk from $82.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $75.63 on Thursday. Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The stock has a market capitalization of $37.17 billion, a P/E ratio of 92.23, a P/E/G ratio of 3.40 and a beta of 1.36. The business has a 50-day moving average of $71.06 and a two-hundred day moving average of $79.26.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The company's revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. As a group, research analysts expect that Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the sale, the chief executive officer directly owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the transaction, the director directly owned 66,985 shares of the company's stock, valued at $5,350,761.80. This represents a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brown Advisory Inc. raised its position in shares of Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after buying an additional 5,387,339 shares in the last quarter. Norges Bank bought a new stake in shares of Trade Desk during the 4th quarter valued at about $524,187,000. Nuveen LLC bought a new stake in shares of Trade Desk during the 1st quarter valued at about $191,935,000. Vanguard Group Inc. lifted its position in Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after acquiring an additional 1,567,491 shares during the period. Finally, Franklin Resources Inc. lifted its position in Trade Desk by 265.9% during the 4th quarter. Franklin Resources Inc. now owns 1,864,386 shares of the technology company's stock valued at $219,121,000 after acquiring an additional 1,354,891 shares during the period. 67.77% of the stock is owned by institutional investors.

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.

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