The Trade Desk Inc. (TTD) Shares Gap Down to $59.28

Shares of The Trade Desk Inc. (NASDAQ:TTD) gapped down prior to trading on Monday . The stock had previously closed at $67.21, but opened at $59.28. The Trade Desk shares last traded at $50.99, with a volume of 9841200 shares traded.

Several brokerages have issued reports on TTD. Needham & Company LLC reissued a “buy” rating and issued a $62.00 price objective (up previously from $56.00) on shares of The Trade Desk in a research note on Friday, August 11th. Vetr raised shares of The Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.76 price objective for the company in a research note on Thursday, November 9th. BidaskClub downgraded shares of The Trade Desk from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 price target (up previously from $56.00) on shares of The Trade Desk in a research note on Friday, August 11th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $55.00 price target on shares of The Trade Desk in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $67.07.

The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1,973.96, a P/E ratio of 46.54 and a beta of 7.32.

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

In other The Trade Desk news, insider David Randall Pickles sold 75,000 shares of The Trade Desk stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $49.91, for a total value of $3,743,250.00. Following the transaction, the insider now directly owns 127,736 shares of the company’s stock, valued at $6,375,303.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 7,689 shares of The Trade Desk stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $61.90, for a total transaction of $475,949.10. Following the completion of the transaction, the chief executive officer now directly owns 109,711 shares in the company, valued at $6,791,110.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 230,894 shares of company stock worth $13,222,997. 26.87% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTD. AHL Partners LLP purchased a new stake in shares of The Trade Desk during the second quarter valued at $373,000. Quantum Capital Management LLC NJ purchased a new stake in shares of The Trade Desk during the second quarter valued at $3,787,000. American International Group Inc. purchased a new stake in shares of The Trade Desk during the first quarter valued at $126,000. Deane Retirement Strategies Inc. purchased a new stake in shares of The Trade Desk during the third quarter valued at $2,032,000. Finally, Balyasny Asset Management LLC purchased a new stake in shares of The Trade Desk during the second quarter valued at $6,194,000. 62.66% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “The Trade Desk Inc. (TTD) Shares Gap Down to $59.28” was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.themarketsdaily.com/2017/11/15/the-trade-desk-inc-ttd-shares-gap-down-to-59-28.html.

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.

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

Latest News

Leave a Reply