Trade Desk (NASDAQ:TTD) was downgraded by equities researchers at Vetr from a “buy” rating to a “sell” rating in a research note issued to investors on Monday. They currently have a $56.79 price target on the technology company’s stock. Vetr‘s price objective points to a potential downside of 5.26% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Stifel Nicolaus started coverage on Trade Desk in a research note on Thursday, January 18th. They issued a “buy” rating and a $62.00 price objective for the company. SunTrust Banks reissued a “buy” rating and issued a $60.00 price objective on shares of Trade Desk in a research note on Friday, January 12th. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Thursday, January 11th. Jefferies Group restated a “buy” rating and issued a $63.00 target price on shares of Trade Desk in a report on Friday, November 10th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $62.00 target price on shares of Trade Desk in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.52.
Trade Desk (NASDAQ TTD) opened at $59.94 on Monday. Trade Desk has a 52 week low of $34.79 and a 52 week high of $67.30. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2,460.00 and a price-to-earnings ratio of 52.12.
In other news, COO Robert David Perdue sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.08, for a total transaction of $360,600.00. Following the sale, the chief operating officer now owns 97,983 shares of the company’s stock, valued at approximately $4,711,022.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 1,411 shares of Trade Desk stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $50.25, for a total value of $70,902.75. Following the transaction, the chief executive officer now directly owns 130,333 shares in the company, valued at approximately $6,549,233.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,424 shares of company stock valued at $4,764,783. 26.87% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTD. Alliancebernstein L.P. increased its stake in Trade Desk by 22.7% in the fourth quarter. Alliancebernstein L.P. now owns 2,620,560 shares of the technology company’s stock valued at $119,838,000 after purchasing an additional 484,238 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Trade Desk by 33.2% in the fourth quarter. Allianz Asset Management GmbH now owns 1,859,515 shares of the technology company’s stock worth $85,036,000 after buying an additional 463,352 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Trade Desk by 33.6% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,465,060 shares of the technology company’s stock valued at $66,997,000 after purchasing an additional 368,555 shares during the last quarter. BlackRock Inc. boosted its holdings in Trade Desk by 2.3% in the fourth quarter. BlackRock Inc. now owns 1,401,836 shares of the technology company’s stock valued at $64,106,000 after purchasing an additional 32,139 shares during the last quarter. Finally, Bamco Inc. NY boosted its holdings in Trade Desk by 11.9% in the fourth quarter. Bamco Inc. NY now owns 962,515 shares of the technology company’s stock valued at $44,016,000 after purchasing an additional 102,432 shares during the last quarter. 77.48% of the stock is owned by institutional investors.
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Trade Desk Company Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
To view Vetr’s full report, visit Vetr’s official website.
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