Press coverage about The Trade Desk (NASDAQ:TTD) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The Trade Desk earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.532610842914 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- 3 Reasons The Trade Desk Has More Strong Growth Ahead (finance.yahoo.com)
- Paul Ross Sells 6,482 Shares of The Trade Desk (TTD) Stock (americanbankingnews.com)
- Insider Selling: The Trade Desk (TTD) Insider Sells 9,000 Shares of Stock (americanbankingnews.com)
- Insider Selling: The Trade Desk (TTD) COO Sells 7,500 Shares of Stock (americanbankingnews.com)
- The Trade Desk (TTD) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
A number of research analysts have recently commented on TTD shares. Zacks Investment Research raised The Trade Desk from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Thursday, January 11th. Vetr lowered The Trade Desk from a “strong-buy” rating to a “buy” rating and set a $54.47 price objective on the stock. in a report on Thursday, January 11th. SunTrust Banks reissued a “buy” rating and set a $60.00 price objective on shares of The Trade Desk in a report on Friday, January 12th. Stifel Nicolaus assumed coverage on The Trade Desk in a report on Thursday, January 18th. They set a “buy” rating and a $62.00 price objective on the stock. Finally, BidaskClub raised The Trade Desk from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $66.14.
The Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, February 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.12. The firm had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.71 million. The Trade Desk had a return on equity of 25.10% and a net margin of 16.48%. The company’s revenue was up 41.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. research analysts expect that The Trade Desk will post 1.19 EPS for the current fiscal year.
In other news, insider Jeffrey Terry Green sold 9,000 shares of The Trade Desk stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $54.31, for a total transaction of $488,790.00. Following the sale, the insider now owns 95,819 shares of the company’s stock, valued at approximately $5,203,929.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul Ross sold 6,482 shares of The Trade Desk stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $53.85, for a total value of $349,055.70. Following the sale, the chief financial officer now directly owns 65,459 shares in the company, valued at approximately $3,524,967.15. The disclosure for this sale can be found here. Insiders sold a total of 834,416 shares of company stock worth $47,603,556 in the last ninety days. Insiders own 23.54% of the company’s stock.
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The Trade Desk Company Profile
The Trade Desk, Inc, a technology company, a self-service omni-channel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. Its platform allows clients to manage integrated advertising campaigns across various advertising formats, including connected television (TV), mobile, video, audio, display, social, and native, as well as on various devices, such as smart TVs, computers, and mobile devices.
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