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.

Analysts Set New Price Targets

Several research firms have recently commented on TTD. DA Davidson lifted their target price on Trade Desk from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, August 10th. Evercore ISI cut their target price on Trade Desk from $55.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, July 7th. Needham & Company LLC boosted their target price on Trade Desk from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday, August 10th. Royal Bank of Canada lowered their target price on Trade Desk from $85.00 to $75.00 in a research note on Thursday, August 4th. Finally, Wells Fargo & Company dropped their price objective on Trade Desk from $120.00 to $100.00 in a research note on Wednesday, May 11th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.76.

Trade Desk Trading Up 4.1 %

Shares of NASDAQ:TTD opened at $74.49 on Monday. The business has a 50 day simple moving average of $48.51 and a 200-day simple moving average of $58.99. The company has a market capitalization of $36.12 billion, a price-to-earnings ratio of 1,064.29, a price-to-earnings-growth ratio of 11.29 and a beta of 2.09. Trade Desk has a twelve month low of $39.00 and a twelve month high of $114.09.

Trade Desk (NASDAQ:TTD - Get Rating) last posted its earnings results on Tuesday, August 9th. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Trade Desk had a return on equity of 2.16% 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 quarter last year, the firm posted $0.10 earnings per share. The firm's revenue for the quarter was up 34.6% compared to the same quarter last year. As a group, equities analysts predict that Trade Desk will post 0.28 earnings per share for the current year.

Insider Buying and Selling

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