Trade Desk (NASDAQ:TTD) Rating Increased to Strong-Buy at Citizens Jmp

Trade Desk (NASDAQ:TTD) was upgraded by equities researchers at Citizens Jmp to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Robert W. Baird increased their price objective on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Needham & Company LLC increased their price target on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. Morgan Stanley lifted their price objective on Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Loop Capital lifted their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Trading Down 3.1 %

Shares of TTD stock opened at $120.69 on Tuesday. The company has a market capitalization of $59.57 billion, a price-to-earnings ratio of 197.85, a P/E/G ratio of 3.94 and a beta of 1.45. Trade Desk has a 1-year low of $66.56 and a 1-year high of $141.53. The stock’s fifty day simple moving average is $125.93 and its 200-day simple moving average is $113.29.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same period last year, the company posted $0.08 earnings per share. On average, sell-side analysts predict that Trade Desk will post 0.87 EPS for the current year.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Trade Desk

A number of institutional investors and hedge funds have recently made changes to their positions in TTD. Harbor Investment Advisory LLC boosted its holdings in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Trade Desk during the 4th quarter worth $35,000. Avior Wealth Management LLC boosted its stake 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 in the last quarter. JFS Wealth Advisors LLC boosted its stake in Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its position in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 150 shares during the last quarter. Institutional investors 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.