2 weeks Ago By Defense World Staff
Trade Desk (NASDAQ:TTD – Get Free Report) had its price target dropped by research analysts at Stifel Nicolaus from $122.00 to $87.00 in a report released on Wednesday,Benzinga reports.
The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 63.32% from the company’s current price.
TTD has been the subject of a number of other reports. Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, January 21st. Cfra Research upgraded shares of Trade Desk to a “moderate buy” rating in a research note on Tuesday, March 25th.
Jefferies Financial Group lowered their price target on Trade Desk from $120.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd.
Evercore ISI downgraded Trade Desk from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $135.00 to $90.00 in a research report on Thursday, February 13th.
Finally, Needham & Company LLC restated a “buy” rating and set a $84.00 price objective on shares of Trade Desk in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock.
According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $102.90.Get Our Latest Stock Report on Trade DeskTrade Desk Trading Up 6.
4 %NASDAQ TTD opened at $53.27 on Wednesday. Trade Desk has a 1 year low of $42.
96 and a 1 year high of $141.53. The company has a fifty day simple moving average of $58.
22 and a 200 day simple moving average of $99.92. The company has a market cap of $26.
43 billion, a P/E ratio of 68.29, a P/E/G ratio of 3.11 and a beta of 1.
56. Trade Desk (NASDAQ:TTD – Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.
36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21).
Trade Desk had a return on equity of 16.38% and a net margin of 16.08%.
Equities research analysts forecast that Trade Desk will post 1.06 EPS for the current fiscal year. Trade Desk announced that its board has approved a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $564.
00 million in shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases.
Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued. Insider Transactions at Trade DeskIn other news, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.
56, for a total value of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.
04. This trade represents a 4.52 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.72% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Trade DeskA number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Trade Desk during the 4th quarter worth approximately $524,187,000. Brown Advisory Inc.
boosted its position in shares of Trade Desk by 3,037.0% during the fourth quarter. Brown Advisory Inc.
now owns 2,714,955 shares of the technology company’s stock worth $319,089,000 after purchasing an additional 2,628,409 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Trade Desk in the 4th quarter valued at $231,570,000.
Franklin Resources Inc. increased its position in shares of Trade Desk by 265.9% in the 4th quarter.
Franklin Resources Inc. now owns 1,864,386 shares of the technology company’s stock valued at $219,121,000 after buying an additional 1,354,891 shares in the last quarter. Finally, FMR LLC raised its stake in Trade Desk by 44.
8% during the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company’s stock worth $445,237,000 after buying an additional 1,172,082 shares during the period. Institutional investors own 67.
77% of the company’s stock. Trade Desk Company Profile (Get Free Report)The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.
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