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 Trading Down 3.6 %
Shares of NASDAQ:TTD traded down $2.65 during mid-day trading on Thursday, reaching $71.59. The company had a trading volume of 12,080,619 shares, compared to its average volume of 6,779,008. Trade Desk has a 1-year low of $39.00 and a 1-year high of $114.09. The stock has a market cap of $34.71 billion, a PE ratio of 1,060.72, a P/E/G ratio of 8.26 and a beta of 2.09. The company has a 50-day moving average price of $47.71 and a two-hundred day moving average price of $58.89.
Trade Desk (NASDAQ:TTD - Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The technology company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Trade Desk had a return on equity of 2.26% and a net margin of 2.43%. The company had revenue of $376.96 million during the quarter, compared to analyst estimates of $365.20 million. During the same period in the prior year, the firm earned $0.10 EPS. Trade Desk's quarterly revenue was up 34.6% on a year-over-year basis. On average, research analysts expect that Trade Desk will post 0.28 EPS for the current year.
Analysts Set New Price Targets
TTD has been the subject of a number of research analyst reports. Susquehanna cut their price target on Trade Desk from $125.00 to $95.00 in a report on Wednesday, May 11th. Wells Fargo & Company cut their target price on Trade Desk from $120.00 to $100.00 in a research note on Wednesday, May 11th. Stifel Nicolaus upgraded Trade Desk from a "hold" rating to a "buy" rating and upped their price objective for the stock from $50.00 to $80.00 in a research note on Monday, May 16th. Susquehanna Bancshares decreased their target price on Trade Desk from $125.00 to $95.00 in a report on Wednesday, May 11th. Finally, DA Davidson increased their target price on Trade Desk from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $82.76.
Insider Activity
In other news, Director David B. Wells acquired 17,500 shares of Trade Desk stock in a transaction on Wednesday, May 25th. The shares were purchased at an average price of $45.81 per share, with a total value of $801,675.00. Following the acquisition, the director now owns 106,570 shares in the company, valued at $4,881,971.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 10.79% of the company's stock.