Trade Desk’s (TTD) “Neutral” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their neutral rating on shares of Trade Desk (NASDAQ:TTD) in a research note released on Monday, Benzinga reports. Cantor Fitzgerald currently has a $110.00 price objective on the technology company’s stock.

Other research analysts have also issued research reports about the stock. Piper Sandler reissued an overweight rating and set a $110.00 target price on shares of Trade Desk in a research report on Tuesday, June 11th. Bank of America began coverage on Trade Desk in a research report on Wednesday, September 4th. They set a buy rating and a $135.00 price objective for the company. Susquehanna increased their target price on Trade Desk from $110.00 to $135.00 and gave the company a positive rating in a research note on Friday, August 9th. StockNews.com raised Trade Desk from a hold rating to a buy rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus reissued a buy rating and issued a $111.00 price objective (up from $105.00) on shares of Trade Desk in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $110.47.

Trade Desk Trading Up 0.9 %

Shares of NASDAQ:TTD opened at $115.57 on Monday. Trade Desk has a 1 year low of $60.23 and a 1 year high of $116.31. The firm has a fifty day moving average price of $102.92 and a 200 day moving average price of $95.72. The stock has a market capitalization of $56.53 billion, a PE ratio of 288.93, a P/E/G ratio of 5.44 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, sell-side analysts forecast that Trade Desk will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now owns 99,374 shares in the company, valued at $9,887,713. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares in the company, valued at approximately $68,897,150.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,452,248 shares of company stock valued at $157,894,406. 10.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trade Desk

Institutional investors and hedge funds have recently made changes to their positions in the company. Exencial Wealth Advisors LLC increased its position in Trade Desk by 7.8% in the fourth quarter. Exencial Wealth Advisors LLC now owns 2,819 shares of the technology company’s stock worth $203,000 after purchasing an additional 204 shares during the period. Stephens Inc. AR lifted its holdings in Trade Desk by 1.6% in the fourth quarter. Stephens Inc. AR now owns 20,039 shares of the technology company’s stock valued at $1,442,000 after buying an additional 313 shares during the period. Prudential PLC grew its holdings in Trade Desk by 2.8% during the 4th quarter. Prudential PLC now owns 25,442 shares of the technology company’s stock worth $1,831,000 after acquiring an additional 698 shares during the period. Schroder Investment Management Group raised its position in shares of Trade Desk by 1.8% during the 4th quarter. Schroder Investment Management Group now owns 403,285 shares of the technology company’s stock valued at $29,020,000 after acquiring an additional 7,126 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its position in shares of Trade Desk by 5.0% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 39,099 shares of the technology company’s stock worth $2,814,000 after purchasing an additional 1,870 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.