Key Points
- Director Samantha Jacobson sold 6,042 Trade Desk shares at an average price of $15.99, for about $96,612. After the sale, she held 7,057 shares, a 46.13% reduction in her ownership.
- Trade Desk reported quarterly EPS of $0.33, beating the $0.04 consensus estimate, and revenue of about $736 million versus expectations of roughly $651 million. Revenue was down 0.5% year over year.
- Analyst views were mixed: the consensus rating was “Reduce,” with an average price target of $18.52; shares were recently trading at $15.68.
The Trade Desk (NASDAQ:TTD - Get Free Report) Director Samantha Jacobson sold 6,042 shares of the company's stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $15.99, for a total value of $96,611.58. Following the completion of the sale, the director owned 7,057 shares in the company, valued at $112,841.43. This represents a 46.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Trade Desk Stock Up 1.4%
Shares of TTD traded up $0.21 during trading hours on Friday, reaching $15.68. 14,628,903 shares of the company traded hands, compared to its average volume of 21,449,778. The stock has a market capitalization of $7.37 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. The stock has a fifty day simple moving average of $13.20 and a 200 day simple moving average of $19.13. The Trade Desk has a fifty-two week low of $11.62 and a fifty-two week high of $42.69.
Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Monday, November 9th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.29. Trade Desk had a net margin of 11.03% and a return on equity of 14.36%. The firm had revenue of $735.97 million during the quarter, compared to the consensus estimate of $650.93 million. During the same quarter in the previous year, the company posted $0.45 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. Research analysts predict that The Trade Desk will post 0.41 EPS for the current fiscal year.
Institutional Trading of Trade Desk
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deane Retirement Strategies Inc. acquired a new position in shares of Trade Desk in the 2nd quarter valued at about $2,101,000. First Trust Advisors LP increased its position in Trade Desk by 32.1% during the 1st quarter. First Trust Advisors LP now owns 1,448,758 shares of the technology company's stock worth $32,872,000 after purchasing an additional 351,771 shares in the last quarter. SEB Asset Management AB acquired a new stake in Trade Desk during the 1st quarter worth approximately $2,007,000. Tidal Investments LLC raised its holdings in Trade Desk by 148.0% in the second quarter. Tidal Investments LLC now owns 122,121 shares of the technology company's stock valued at $2,208,000 after buying an additional 72,888 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Trade Desk by 6.1% in the first quarter. Hsbc Holdings PLC now owns 1,083,635 shares of the technology company's stock valued at $24,737,000 after buying an additional 62,672 shares during the period. Hedge funds and other institutional investors own 67.77% of the company's stock.
Trending Headlines about Trade Desk
These are some of the TTD headlines that stood out recently:
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on TTD shares. Citigroup lifted their price target on shares of Trade Desk from $11.00 to $12.00 and gave the stock a "sell" rating in a report on Tuesday, November 10th. Zacks Research upgraded shares of Trade Desk from a "strong sell" rating to a "hold" rating in a research report on Friday, October 9th. Piper Sandler lifted their target price on shares of Trade Desk from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday. UBS Group reiterated a "buy" rating and issued a $19.00 price target (up from $15.00) on shares of Trade Desk in a report on Tuesday, November 10th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Trade Desk in a report on Tuesday, November 10th. Four investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $18.52.
Read Our Latest Research Report on Trade Desk
Trade Desk Company Profile
(
Get Free Report)
The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.
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