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.

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

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.

Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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