Trade Desk (TTD) Given New $150.00 Price Target at Jefferies Financial Group

Trade Desk (NASDAQ:TTD) had its target price increased by Jefferies Financial Group from $135.00 to $150.00 in a research report sent to investors on Wednesday morning, MarketBeat reports. They currently have a buy rating on the technology company’s stock.

Several other analysts have also issued reports on the company. Pivotal Research lowered their target price on Trade Desk from $59.00 to $55.00 and set a sell rating on the stock in a research note on Friday, October 12th. BidaskClub lowered Trade Desk from a buy rating to a hold rating in a research note on Thursday, October 11th. DA Davidson assumed coverage on Trade Desk in a research note on Monday, October 8th. They issued a buy rating and a $158.00 target price on the stock. Stifel Nicolaus boosted their target price on Trade Desk from $130.00 to $155.00 and gave the company a buy rating in a research note on Wednesday, October 3rd. Finally, Rosenblatt Securities assumed coverage on Trade Desk in a research note on Tuesday, October 2nd. They issued a neutral rating and a $138.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $118.00.

Shares of TTD traded down $3.48 during mid-day trading on Wednesday, hitting $124.80. The stock had a trading volume of 23,177 shares, compared to its average volume of 1,123,537. The firm has a market cap of $6.48 billion, a PE ratio of 106.15, a PEG ratio of 4.21 and a beta of 3.05. Trade Desk has a 52 week low of $40.70 and a 52 week high of $161.50.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.16. The firm had revenue of $112.30 million for the quarter, compared to analyst estimates of $103.87 million. Trade Desk had a return on equity of 21.65% and a net margin of 14.59%. The business’s revenue was up 54.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. On average, equities analysts forecast that Trade Desk will post 1.43 EPS for the current year.

In related news, Director Thomas Falk sold 58,456 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $144.93, for a total transaction of $8,472,028.08. Following the completion of the transaction, the director now directly owns 9,390 shares in the company, valued at $1,360,892.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey Terry Green sold 450,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $135.56, for a total value of $61,002,000.00. Following the transaction, the insider now owns 506,178 shares of the company’s stock, valued at $68,617,489.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 665,721 shares of company stock worth $88,499,702. 23.54% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System grew its position in Trade Desk by 7.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 11,697 shares of the technology company’s stock worth $1,097,000 after buying an additional 810 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Trade Desk by 5.7% during the first quarter. The Manufacturers Life Insurance Company now owns 19,665 shares of the technology company’s stock worth $975,000 after buying an additional 1,063 shares in the last quarter. Mount Yale Investment Advisors LLC grew its position in Trade Desk by 235.7% during the second quarter. Mount Yale Investment Advisors LLC now owns 1,655 shares of the technology company’s stock worth $155,000 after buying an additional 1,162 shares in the last quarter. Guggenheim Capital LLC grew its position in Trade Desk by 12.2% during the first quarter. Guggenheim Capital LLC now owns 11,257 shares of the technology company’s stock worth $560,000 after buying an additional 1,220 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Trade Desk by 15.6% during the first quarter. Commonwealth Equity Services LLC now owns 9,739 shares of the technology company’s stock worth $483,000 after buying an additional 1,314 shares in the last quarter. Institutional investors and hedge funds own 71.71% of the company’s stock.

Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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