Deutsche Bank AG lifted its holdings in Trade Desk by 43.4% during the fourth quarter.
The Trade Desk inc (NASDAQ:TTD) has the Market Capitalization of 3.93 Billion. Ladenburg Thalmann Financial Services Inc. now owns 5,667 shares of the technology company's stock worth $259,000 after acquiring an additional 2,695 shares during the period. Overall, 2.96 Million shares exchanged hands versus its average volume of $2.39 Million. Institutional investors own 73.93% of the company's stock.
A number of equities research analysts have commented on the company. Trade Desk has an average rating of "Buy" and an average price target of $95.11. Finally, Oppenheimer raised their target price on shares of Trade Desk to $101.00 and gave the company an "outperform" rating in a research note on Friday, June 22nd. Trade Desk has a consensus rating of "Buy" and a consensus target price of $95.11. Finally, Wells Fargo & Co cut Trade Desk from an "outperform" rating to a "market perform" rating and set a $60.00 price objective on the stock.in a research note on Monday, June 4th.
According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.1 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.
"Overall, results were thematically in line with our expectations, with nothing causing us to meaningfully alter our longer-term forecasts", Wieser wrote in a note to investors, adding: "While we think that The Trade Desk is performing very well - we consistently hear praise for the company from its customers as well as its competitors - but continue to believe that too much has to go right for the company to justify its current valuation".
Trade Desk opened at $93.29 on Friday, according to Marketbeat Ratings. Its 52-week high and low range is $97.87 and $40.7, respectively.
Shareholders of the Trade Desk Inc (NASDAQ:TTD) are smiling in the wake of an incredibly positive earnings report. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.16. Trade Desk had a net margin of 16.14% and a return on equity of 24.07%. The business had revenue of $112.30 million during the quarter, compared to analyst estimates of $103.87 million. About 10.28 million shares traded or 628.95% up from the average. As per Friday, May 11, the company rating was maintained by Stifel Nicolaus. The shares were sold at an average price of $86.10, for a total transaction of $774,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. When we look at the Volatility of the company, Week Volatility is at 3.61% whereas Month Volatility is at 4.31%. Also, the recent close suggests the stock is underpriced by 9.58% compared to the most bullish target. LPL Financial LLC now owns 6,000 shares of the technology company's stock valued at $274,000 after purchasing an additional 2,502 shares during the period. The disclosure for this sale can be found here. Record revenue of $112.3 million was a 54% increase year over year which equaled the 54% year over year increase we had last year in the second quarter. Company insiders own 26.87% of the company's stock.
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.