Trade Desk (NASDAQ:TTD) Rating Reiterated by Cantor Fitzgerald

Trade Desk (NASDAQ:TTD)‘s stock had its “neutral” rating reissued by Cantor Fitzgerald in a report released on Monday, Benzinga reports. They presently have a $110.00 price target on the technology company’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 1.18% from the stock’s previous close.

Several other brokerages have also recently commented on TTD. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 price target on shares of Trade Desk in a research report on Wednesday, September 11th. Loop Capital lifted their target price on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Evercore ISI raised Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Macquarie restated an “outperform” rating and set a $115.00 price objective on shares of Trade Desk in a research note on Friday, August 9th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $111.00 target price (up previously from $105.00) on shares of Trade Desk in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and an average target price of $109.43.

Trade Desk Trading Down 0.8 %

NASDAQ:TTD opened at $108.72 on Monday. Trade Desk has a twelve month low of $60.23 and a twelve month high of $112.22. The firm’s fifty day simple moving average is $100.15 and its 200 day simple moving average is $94.31. The firm has a market capitalization of $53.18 billion, a price-to-earnings ratio of 271.80, a PEG ratio of 5.27 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. During the same period in the previous year, the business earned $0.07 EPS. Trade Desk’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, analysts predict that Trade Desk will post 0.86 earnings per share for the current year.

Insider Activity

In related news, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total value of $2,510,750.00. Following the completion of the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at $70,606,106.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $110.54, for a total value of $22,108,000.00. Following the sale, the chief executive officer now owns 365,180 shares of the company’s stock, valued at approximately $40,366,997.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total value of $2,510,750.00. Following the completion of the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $70,606,106.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,056,669 shares of company stock valued at $113,117,247. Company insiders own 10.18% of the company’s stock.

Institutional Trading of Trade Desk

A number of large investors have recently added to or reduced their stakes in TTD. Apella Capital LLC lifted its position in shares of Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after acquiring an additional 100 shares during the last quarter. Wealth Alliance lifted its stake in Trade Desk by 0.6% during the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after buying an additional 106 shares in the last quarter. RFP Financial Group LLC boosted its holdings in shares of Trade Desk by 26.4% in the second quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock worth $54,000 after buying an additional 116 shares during the period. HBK Sorce Advisory LLC increased its position in shares of Trade Desk by 2.0% in the second quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock worth $612,000 after acquiring an additional 125 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in shares of Trade Desk by 4.5% during the second quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock valued at $297,000 after acquiring an additional 127 shares during the period. 67.77% of the stock is currently owned by institutional investors.

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.