Trade Desk (NASDAQ:TTD) Now Covered by Analysts at JMP Securities

JMP Securities started coverage on shares of Trade Desk (NASDAQ:TTD) in a research note released on Tuesday, Marketbeat.com reports. The firm issued a mkt outperform rating and a $150.00 price target on the technology company’s stock.

Several other equities analysts also recently weighed in on the company. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. Macquarie boosted their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Robert W. Baird raised their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Morgan Stanley upped their price target on shares of Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Benchmark reissued a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $133.13.

Trade Desk Stock Down 1.3 %

TTD stock opened at $119.14 on Tuesday. The company has a fifty day simple moving average of $125.80 and a two-hundred day simple moving average of $113.33. Trade Desk has a 52 week low of $66.56 and a 52 week high of $141.53. The firm has a market capitalization of $58.80 billion, a P/E ratio of 195.31, a price-to-earnings-growth ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) 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 during the quarter, compared to the consensus estimate of $619.89 million. During the same period in the previous year, the business posted $0.08 EPS. As a group, analysts anticipate that Trade Desk will post 0.87 EPS for the current year.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 512,953 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total value of $63,949,850.51. Following the transaction, the chief executive officer now directly owns 243,476 shares in the company, valued at $30,354,152.92. This represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 549,684 shares of company stock valued at $68,444,576. Corporate insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of the stock. Harbor Investment Advisory LLC raised its stake in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares during the last quarter. Synergy Asset Management LLC purchased a new position in shares of Trade Desk in the fourth quarter worth about $34,000. Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth about $35,000. Avior Wealth Management LLC boosted its position in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the last quarter. Finally, Quarry LP acquired a new position in Trade Desk in the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

About Trade Desk

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.