Trade Desk (NASDAQ:TTD) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Trade Desk (NASDAQ:TTD - Free Report) to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

TTD has been the subject of a number of other research reports. Oppenheimer boosted their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Macquarie upped their price target on Trade Desk from $133.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Robert W. Baird raised their price objective on Trade Desk from $130.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Moffett Nathanson assumed coverage on shares of Trade Desk in a research report on Monday, September 23rd. They set a "neutral" rating and a $100.00 price target on the stock. Finally, UBS Group upped their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $133.13.

Trade Desk Stock Down 1.8 %

NASDAQ:TTD traded down $2.14 on Tuesday, hitting $118.55. The stock had a trading volume of 3,910,702 shares, compared to its average volume of 3,258,969. The company has a market cap of $58.51 billion, a PE ratio of 194.13, a P/E/G ratio of 3.94 and a beta of 1.45. Trade Desk has a 52 week low of $66.56 and a 52 week high of $141.53. The business's fifty day moving average is $125.93 and its 200 day moving average is $113.29.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The business had revenue of $628.02 million for the quarter, compared to the consensus estimate of $619.89 million. During the same quarter last year, the firm posted $0.08 EPS. Equities analysts predict that Trade Desk will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares of the company's stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares of the company's stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.72% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC increased its stake in shares of Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after buying an additional 117 shares during the period. Synergy Asset Management LLC bought a new position in Trade Desk during the 4th quarter worth about $34,000. Exchange Traded Concepts LLC purchased a new position in Trade Desk during the 4th quarter valued at about $35,000. Avior Wealth Management LLC raised its holdings in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Trade Desk in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

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.