Trade Desk (NASDAQ:TTD) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

A number of other research firms also recently commented on TTD. Raymond James restated an “outperform” rating on shares of Trade Desk in a report on Thursday, May 9th. JMP Securities downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Nomura increased their price objective on Trade Desk from $114.00 to $144.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Jefferies Financial Group increased their price objective on Trade Desk from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. Finally, SunTrust Banks restated a “buy” rating and issued a $210.00 price objective on shares of Trade Desk in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Trade Desk has a consensus rating of “Buy” and an average target price of $177.83.

NASDAQ:TTD opened at $199.88 on Tuesday. Trade Desk has a 52 week low of $79.39 and a 52 week high of $232.70. The company has a market capitalization of $7.79 billion, a P/E ratio of 104.10, a PEG ratio of 5.82 and a beta of 2.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.48 and a current ratio of 1.62.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.42. Trade Desk had a return on equity of 24.41% and a net margin of 17.41%. The firm had revenue of $121.00 million for the quarter, compared to the consensus estimate of $117.13 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 41.2% on a year-over-year basis. On average, sell-side analysts anticipate that Trade Desk will post 1.66 EPS for the current year.

In other news, CFO Paul Ross sold 2,682 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $188.31, for a total value of $505,047.42. Following the sale, the chief financial officer now owns 38,864 shares in the company, valued at $7,318,479.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO David Randall Pickles sold 13,900 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $162.43, for a total transaction of $2,257,777.00. Following the completion of the sale, the chief technology officer now owns 65,077 shares in the company, valued at approximately $10,570,457.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 650,732 shares of company stock worth $128,039,830. Corporate insiders own 17.44% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Cypress Asset Management Inc. TX grew its stake in shares of Trade Desk by 1.1% in the first quarter. Cypress Asset Management Inc. TX now owns 7,175 shares of the technology company’s stock worth $1,420,000 after acquiring an additional 75 shares during the last quarter. Camelot Portfolios LLC grew its stake in shares of Trade Desk by 2.4% in the first quarter. Camelot Portfolios LLC now owns 3,763 shares of the technology company’s stock worth $745,000 after acquiring an additional 88 shares during the last quarter. Baltimore Washington Financial Advisors Inc. grew its stake in shares of Trade Desk by 5.9% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 1,800 shares of the technology company’s stock worth $208,000 after acquiring an additional 100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Trade Desk by 1.2% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,195 shares of the technology company’s stock worth $1,183,000 after acquiring an additional 120 shares during the last quarter. Finally, Neuburgh Advisers LLC grew its stake in shares of Trade Desk by 77.8% in the fourth quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $41,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

Further Reading: Net Margin – Understanding the Different Kinds of Profit

Analyst Recommendations for Trade Desk (NASDAQ:TTD)

Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.