Trade Desk (TTD) Now Covered by Stifel Nicolaus
Stifel Nicolaus assumed coverage on shares of Trade Desk (NASDAQ:TTD) in a research note published on Thursday morning, MarketBeat.com reports. The firm issued a buy rating and a $62.00 price objective on the technology company’s stock.
A number of other equities research analysts have also recently commented on the company. SunTrust Banks reiterated a buy rating and set a $60.00 target price on shares of Trade Desk in a research note on Friday, January 12th. Vetr cut Trade Desk from a strong-buy rating to a buy rating and set a $54.47 target price on the stock. in a research note on Thursday, January 11th. Zacks Investment Research upgraded Trade Desk from a hold rating to a buy rating and set a $54.00 target price on the stock in a research note on Thursday, January 11th. Wells Fargo & Co began coverage on Trade Desk in a research note on Wednesday, December 20th. They set an outperform rating and a $60.00 target price on the stock. Finally, BidaskClub cut Trade Desk from a hold rating to a sell rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the stock. Trade Desk currently has a consensus rating of Buy and an average target price of $63.65.
Shares of Trade Desk (NASDAQ:TTD) traded down $1.00 during trading hours on Thursday, reaching $47.36. The company’s stock had a trading volume of 1,490,470 shares, compared to its average volume of 813,670. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.13. Trade Desk has a fifty-two week low of $28.11 and a fifty-two week high of $67.30. The company has a market cap of $1,910.00 and a PE ratio of 46.43.
In related news, insider Jeffrey Terry Green sold 9,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $47.61, for a total value of $428,490.00. Following the sale, the insider now directly owns 113,744 shares in the company, valued at approximately $5,415,351.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert David Perdue sold 513 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total value of $25,650.00. Following the completion of the sale, the chief operating officer now owns 133,956 shares in the company, valued at $6,697,800. The disclosure for this sale can be found here. Insiders sold a total of 92,888 shares of company stock worth $4,936,706 over the last 90 days. 26.87% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in TTD. Vanguard Group Inc. raised its stake in Trade Desk by 79.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock valued at $99,976,000 after acquiring an additional 885,916 shares during the period. Lord Abbett & CO. LLC raised its stake in Trade Desk by 109.6% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock valued at $71,771,000 after acquiring an additional 748,795 shares during the period. Renaissance Technologies LLC raised its stake in Trade Desk by 193.5% in the 2nd quarter. Renaissance Technologies LLC now owns 828,300 shares of the technology company’s stock valued at $41,506,000 after acquiring an additional 546,100 shares during the period. Macquarie Group Ltd. bought a new stake in Trade Desk in the 3rd quarter valued at about $32,658,000. Finally, Janus Henderson Group PLC bought a new stake in Trade Desk in the 2nd quarter valued at about $24,342,000. Institutional investors and hedge funds own 65.38% of the company’s stock.
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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.
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