Trade Desk - TTD Stock Forecast, Price & News

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. It also provides data and other value-added services. The company serves advertising agencies and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $75.41 on Tuesday. The firm has a fifty day moving average price of $48.97 and a 200-day moving average price of $59.07. The stock has a market cap of $36.56 billion, a PE ratio of 1,077.44, a price-to-earnings-growth ratio of 11.29 and a beta of 2.10. Trade Desk has a 1 year low of $39.00 and a 1 year high of $114.09.

Trade Desk (NASDAQ:TTD - Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The firm had revenue of $376.96 million during the quarter, compared to analysts' expectations of $365.20 million. Trade Desk had a return on equity of 2.16% and a net margin of 2.43%. The business's revenue for the quarter was up 34.6% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. On average, research analysts expect that Trade Desk will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTD. Needham & Company LLC upped their price objective on shares of Trade Desk from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, August 10th. Jefferies Financial Group reduced their price target on shares of Trade Desk from $75.00 to $65.00 in a research report on Thursday, August 4th. Evercore ISI boosted their price target on shares of Trade Desk to $75.00 in a research report on Monday. Susquehanna Bancshares reduced their price target on shares of Trade Desk from $125.00 to $95.00 in a research report on Wednesday, May 11th. Finally, Royal Bank of Canada cut their price objective on shares of Trade Desk from $85.00 to $75.00 in a report on Thursday, August 4th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.24.

Insider Transactions at Trade Desk

In other news, CFO Blake Jeffrey Grayson sold 3,676 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $72.50, for a total value of $266,510.00. Following the completion of the sale, the chief financial officer now directly owns 197,858 shares of the company's stock, valued at $14,344,705. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Blake Jeffrey Grayson sold 3,676 shares of the firm's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $72.50, for a total transaction of $266,510.00. Following the completion of the transaction, the chief financial officer now directly owns 197,858 shares of the company's stock, valued at $14,344,705. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Wells bought 17,500 shares of the business's stock in a transaction that occurred on Wednesday, May 25th. The shares were bought at an average cost of $45.81 per share, with a total value of $801,675.00. Following the completion of the purchase, the director now directly owns 106,570 shares of the company's stock, valued at approximately $4,881,971.70. The disclosure for this purchase can be found here. Corporate insiders own 10.79% of the company's stock.