Trade Desk (NASDAQ:TTD) had its target price boosted by Needham & Company LLC from $580.00 to $750.00 in a research report report published on Wednesday morning, AnalystRatings.net reports. They currently have a buy rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Oppenheimer initiated coverage on Trade Desk in a report on Wednesday, August 12th. They set a buy rating and a $530.00 price objective for the company. Royal Bank of Canada boosted their price objective on Trade Desk from $300.00 to $510.00 and gave the company a sector perform rating in a report on Friday, August 7th. They noted that the move was a valuation call. Zacks Investment Research cut Trade Desk from a hold rating to a sell rating in a report on Thursday, October 8th. DA Davidson boosted their price objective on Trade Desk from $300.00 to $490.00 and gave the company a neutral rating in a report on Monday, August 10th. Finally, 140166 upped their target price on Trade Desk from $340.00 to $600.00 and gave the stock a positive rating in a report on Friday, August 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Trade Desk currently has an average rating of Hold and a consensus price target of $447.07.

NASDAQ TTD opened at $605.00 on Wednesday. The company has a market cap of $28.28 billion, a P/E ratio of 243.95, a P/E/G ratio of 11.86 and a beta of 2.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.04 and a current ratio of 2.04. The business’s 50 day moving average price is $499.25 and its 200-day moving average price is $391.97. Trade Desk has a fifty-two week low of $136.00 and a fifty-two week high of $675.00.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.91. Trade Desk had a return on equity of 18.10% and a net margin of 17.57%. The company had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $133.03 million. During the same quarter in the previous year, the business earned $0.95 EPS. Trade Desk’s revenue was down 12.8% compared to the same quarter last year. As a group, equities analysts predict that Trade Desk will post 1.41 EPS for the current year.

In related news, CMO Susan Vobejda sold 1,240 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $456.00, for a total transaction of $565,440.00. Following the transaction, the chief marketing officer now directly owns 36,519 shares of the company’s stock, valued at approximately $16,652,664. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Blake Jeffrey Grayson sold 83 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $423.01, for a total value of $35,109.83. Following the transaction, the chief financial officer now directly owns 22,999 shares in the company, valued at $9,728,806.99. The disclosure for this sale can be found here. Insiders have sold a total of 5,789 shares of company stock worth $2,875,645 over the last ninety days. 13.12% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Spearhead Capital Advisors LLC increased its holdings in shares of Trade Desk by 5.0% in the third quarter. Spearhead Capital Advisors LLC now owns 836 shares of the technology company’s stock valued at $434,000 after purchasing an additional 40 shares during the period. Larson Financial Group LLC boosted its stake in shares of Trade Desk by 105.1% in the second quarter. Larson Financial Group LLC now owns 80 shares of the technology company’s stock worth $33,000 after buying an additional 41 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Trade Desk by 29.3% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 181 shares of the technology company’s stock worth $74,000 after buying an additional 41 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Trade Desk by 15.9% in the second quarter. Orion Portfolio Solutions LLC now owns 320 shares of the technology company’s stock worth $130,000 after buying an additional 44 shares during the last quarter. Finally, Shaker Investments LLC OH boosted its stake in shares of Trade Desk by 0.3% in the second quarter. Shaker Investments LLC OH now owns 19,794 shares of the technology company’s stock worth $8,046,000 after buying an additional 51 shares during the last quarter. 71.70% of the stock is currently owned by institutional investors and hedge funds.

About Trade Desk

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).

Featured Article: What are momentum indicators and what do they show?

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.