According to Bloomberg.com, the twenty research firms that cover The Trade Desk, Inc. (NASDAQ: TTD) have given the company an average rating of “Moderate Buy” for the stock. This information was gleaned from the research firms’ coverage of the company. Six of the eight equity research professionals surveyed gave the stock a hold rating, while a buy rating was given to the stock by the remaining seven. Brokers rated the stock in the prior year, and their average price target for the stock going into the current year is $67.00 per share.
The topic of TTD has been the focus of several recent research publications, which have taken various approaches. Susquehanna lowered their price target for Trade Desk from $95.00 to $90.00 in a report that was made public on November 10. In a research note published on Wednesday, the Trade Desk’s target price was decreased by Morgan Stanley from $55.00 to $50.00. The firm also assigned an “equal weight” rating to the company. On January 4, New Street Research released its first report regarding its coverage of the Trade Desk, which marked the beginning of this service. This publication also marked the beginning of this service. They have provided the company with a rating of “neutral” and have projected that the share price will reach $43.00 shortly. Trust Financial reduced Trade Desk’s target price in a research report published on November 10. The new target price is $74, closer to the Trade Desk’s actual price than the previous price of $100. DA Davidson recommended a “buy” rating for the stock in a research report published on Thursday, November 10. Despite this recommendation, the firm lowered its price target on Trade Desk from $70.00 to $56.00. A “buy” recommendation was also included in the report for the company.
On Friday, the price of a share of Trade Desk was $45.57 when trading began. The stock price is currently trading at an average moving price of $47.36 over the last fifty days and an average moving price of $53 over the last two hundred days. The company’s market valuation is $22.31 billion, its price-to-earnings ratio is -2,278.50, its price-to-growth ratio is 3.84, and its beta value is 1.78. All of these metrics indicate that the company is worthily valued. Within the past calendar year, Trade Desk’s share price ranged from an all-time low of $39.00 to an all-time high of $86.88.
On November 9, the most recent quarterly earnings report for Trade Desk, traded on the NASDAQ under the symbol TTD, was made public. Earnings per share for the quarter came in at $0.03 for the technology company, which was $0.05 less than what was predicted on average, which was $0.06. Earnings per share for the quarter came in at $0.03, which was $0.05 less than predicted on average, which was $0.06. Trade Desk’s return on equity and net margin were negative, putting the company in the red. The return on equity and the net margin was negative, coming in at -0.57%. According to the projections of several different analysts, the company’s revenue for the upcoming quarter is expected to fall somewhere between $386.29 million to $394.77 million. According to projections made by industry analysts, the current financial year is expected to result in a profit of $0.23 per share for the Trade Desk.
TTD has gained support from various institutional investors and hedge funds, among other entities, in recent years. During the first three months of the year, MetLife Investment Management LLC made a capital contribution to Trade Desk for $1,946,000. Synovus Financial Corporation was able to purchase an additional 32.8% stake in Trade Desk during the first three months of 2018. Synovus Financial Corp. now owns 8,079 shares valued at $561,000 (based on the company’s most recent closing price). This comes from the recent purchase of an additional 1,996 shares in the technology company during the most recent quarter. Vontobel Holding Ltd. increased the proportion of the Trade Desk owned by 43 percent over the first three months of the year. In the most recent fiscal period, Vontobel Holding Ltd. increased its holdings in the technology company’s stock by purchasing an additional 4,276 shares, bringing the total number of shares it owns to 14,220, with a value of $1,019,000. In the first quarter of 2018, Aviva PLC increased its holdings in Trade Desk by 8.5%. Aviva PLC now has 103,185 technology company shares, which are worth a total of $7,146,000 after the company acquired an additional 8,059 shares during the most recent fiscal quarter. Last but certainly not least, during the reporting period, the National Pension Service increased the percentage of Trade Desk shares it owned by 11.2%. The National Pension Service currently holds a total of 657,768 shares after making additional purchases in the technology company during the most recent quarter. These shares are worth $45,550,000 to the National Pension Service. As a result, the company now has 657,768 shares in the technology business in its possession. There is currently a holding of 67.04 percent of the company’s stock by hedge funds and other institutional investors.
Trade Desk, Inc. is a corporation specializing in technical services and has operations in the United States and other countries. The company runs a cloud-based platform that gives buyers the ability to create, manage, and optimize data-driven digital advertising campaigns across a variety of ad formats and channels, such as display, video, audio, native, and social, on various devices, such as personal computers, mobile devices, and connected televisions. This ability is provided across various ad formats and channels, including display, video, audio, native, and social.