The Trade Desk (NASDAQ:TTD) Given Average Recommendation of “Reduce” by Analysts

Shares of The Trade Desk (NASDAQ:TTD) have received an average recommendation of “Reduce” from the thirty-nine analysts that are covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a sell recommendation, twenty-five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.3314.

A number of equities research analysts have issued reports on TTD shares. Robert W. Baird set a $9.00 price target on shares of Trade Desk and gave the stock a “neutral” rating in a report on Friday, August 7th. Royal Bank Of Canada downgraded Trade Desk from an “outperform” rating to a “sector perform” rating and set a $15.00 price objective for the company. in a report on Friday, August 7th. Arete Research set a $11.60 target price on shares of Trade Desk and gave the company a “sell” rating in a report on Tuesday, June 30th. Cantor Fitzgerald dropped their price target on shares of Trade Desk from $20.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Finally, Scotiabank set a $12.00 price target on shares of Trade Desk and gave the stock a “sector perform” rating in a research note on Friday, August 7th.

Insider Transactions at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the transaction, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.41% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

Several institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC boosted its stake in Trade Desk by 219.4% during the 1st quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock valued at $30,000 after purchasing an additional 906 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Trade Desk in the 4th quarter worth $35,000. Ascentis Independent Advisors purchased a new position in shares of Trade Desk in the first quarter worth $36,000. Binnacle Investments Inc bought a new position in shares of Trade Desk during the third quarter valued at $37,000. Finally, Quarry LP purchased a new stake in shares of Trade Desk during the fourth quarter valued at $37,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 0.1%

NASDAQ TTD opened at $13.42 on Friday. The company has a 50-day simple moving average of $17.83 and a two-hundred day simple moving average of $21.68. Trade Desk has a 12-month low of $12.83 and a 12-month high of $56.39. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.72 and a beta of 1.04.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.16. Trade Desk had a return on equity of 16.09% and a net margin of 13.61%.The business had revenue of $715.06 million for the quarter, compared to analyst estimates of $752.41 million. During the same period last year, the company earned $0.41 EPS. Trade Desk’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts expect that Trade Desk will post 0.51 earnings per share for the current fiscal year.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.