The Trade Desk Inc. (TTD) Lifted to “Strong-Buy” at Vetr Inc.

Vetr upgraded shares of The Trade Desk Inc. (NASDAQ:TTD) from a buy rating to a strong-buy rating in a report released on Thursday morning. They currently have $71.76 target price on the stock.

Several other equities analysts have also recently weighed in on TTD. Needham & Company LLC reaffirmed a buy rating and issued a $62.00 price objective (up from $56.00) on shares of The Trade Desk in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed an outperform rating and issued a $65.00 price objective (up from $56.00) on shares of The Trade Desk in a report on Friday, August 11th. SunTrust Banks, Inc. reaffirmed a hold rating and issued a $55.00 price objective on shares of The Trade Desk in a report on Monday, November 6th. Jefferies Group LLC reiterated a buy rating and issued a $60.00 price target (up previously from $57.00) on shares of The Trade Desk in a research note on Friday, August 11th. Finally, Citigroup Inc. reiterated a buy rating and issued a $60.00 price target (up previously from $55.00) on shares of The Trade Desk in a research note on Friday, August 11th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of C$67.07.

Shares of The Trade Desk (TTD) traded down C$8.28 during midday trading on Thursday, reaching C$50.99. The company’s stock had a trading volume of 9,840,000 shares, compared to its average volume of 770,234. The firm has a market cap of $2,079.58, a PE ratio of 49.03 and a beta of 7.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.65 and a quick ratio of 1.65. The Trade Desk has a 52-week low of C$24.02 and a 52-week high of C$67.30.

The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, November 9th. The company reported C$0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.20 by C$0.15. The firm had revenue of C$79.40 million during the quarter, compared to analysts’ expectations of C$76.84 million. The Trade Desk had a return on equity of 25.60% and a net margin of 15.93%. The company’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. equities research analysts expect that The Trade Desk will post 1.16 earnings per share for the current fiscal year.

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In related news, CFO Paul Ross sold 10,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$54.16, for a total transaction of C$541,600.00. Following the sale, the chief financial officer now owns 47,819 shares in the company, valued at approximately C$2,589,877.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Randall Pickles sold 75,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of C$49.91, for a total value of C$3,743,250.00. Following the sale, the insider now owns 127,736 shares in the company, valued at approximately C$6,375,303.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 240,894 shares of company stock worth $13,764,597. Corporate insiders own 26.87% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. grew its position in The Trade Desk by 6.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,003,888 shares of the company’s stock worth $100,415,000 after acquiring an additional 122,774 shares during the last quarter. Vanguard Group Inc. grew its position in The Trade Desk by 79.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,995,138 shares of the company’s stock worth $99,976,000 after acquiring an additional 885,916 shares during the last quarter. FMR LLC grew its position in The Trade Desk by 12.7% during the 2nd quarter. FMR LLC now owns 1,575,792 shares of the company’s stock worth $78,963,000 after acquiring an additional 178,092 shares during the last quarter. Lord Abbett & CO. LLC grew its position in The Trade Desk by 109.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the company’s stock worth $71,771,000 after acquiring an additional 748,795 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its position in The Trade Desk by 79.5% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,196,045 shares of the company’s stock worth $59,933,000 after acquiring an additional 529,645 shares during the last quarter. Institutional investors and hedge funds own 62.48% of the company’s stock.

About The 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for The Trade Desk (NASDAQ:TTD)

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