Trade Desk (TTD) Stock Rating Reaffirmed by SunTrust Banks

SunTrust Banks reissued their buy rating on shares of Trade Desk (NASDAQ:TTD) in a research report sent to investors on Friday. They currently have a $60.00 target price on the technology company’s stock. SunTrust Banks also issued estimates for Trade Desk’s FY2022 earnings at $4.75 EPS.

Other analysts have also recently issued reports about the stock. Cantor Fitzgerald reaffirmed a buy rating and issued a $67.00 price target (up from $62.00) on shares of Trade Desk in a report on Thursday, October 5th. Needham & Company LLC reaffirmed a buy rating and issued a $66.00 price target (up from $62.00) on shares of Trade Desk in a report on Thursday, October 5th. Vetr cut shares of Trade Desk from a strong-buy rating to a buy rating and set a $71.92 price target on the stock. in a report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Trade Desk from a hold rating to a buy rating and set a $74.00 target price for the company in a research note on Tuesday, October 17th. Finally, Jefferies Group reiterated a buy rating and set a $63.00 target price on shares of Trade Desk in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. Trade Desk has a consensus rating of Buy and a consensus target price of $63.79.

Shares of Trade Desk (NASDAQ TTD) opened at $49.13 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56. Trade Desk has a twelve month low of $28.11 and a twelve month high of $67.30. The stock has a market cap of $2,017.97, a P/E ratio of 48.64, a P/E/G ratio of 1.32 and a beta of 5.35.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.15. The company had revenue of $79.40 million during the quarter, compared to the consensus estimate of $76.84 million. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. Trade Desk’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. equities analysts anticipate that Trade Desk will post 1.28 EPS for the current year.

In related news, insider Jeffrey Terry Green sold 9,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $47.61, for a total value of $428,490.00. Following the completion of the transaction, the insider now owns 113,744 shares in the company, valued at approximately $5,415,351.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul Ross sold 3,705 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $63.33, for a total transaction of $234,637.65. Following the completion of the transaction, the chief financial officer now owns 53,451 shares of the company’s stock, valued at approximately $3,385,051.83. The disclosure for this sale can be found here. Insiders have sold 80,616 shares of company stock valued at $4,322,870 in the last 90 days. Insiders own 26.87% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. lifted its holdings in Trade Desk by 9,856.5% in the 2nd quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock valued at $115,000 after acquiring an additional 2,267 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Trade Desk by 665.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock valued at $117,000 after acquiring an additional 2,029 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Trade Desk by 57.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,038 shares during the period. Legal & General Group Plc boosted its position in shares of Trade Desk by 75.4% in the second quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock valued at $195,000 after acquiring an additional 1,664 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Trade Desk by 1,171.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,080 shares of the technology company’s stock valued at $204,000 after acquiring an additional 3,759 shares during the period. Hedge funds and other institutional investors own 65.38% of the company’s stock.

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About Trade Desk

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.

Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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