FY2024 EPS Estimates for Trade Desk Lifted by DA Davidson

The Trade Desk, Inc. (NASDAQ:TTD) – Research analysts at DA Davidson boosted their FY2024 earnings per share estimates for Trade Desk in a research report issued on Monday, November 11th. DA Davidson analyst T. White now anticipates that the technology company will earn $0.82 per share for the year, up from their prior estimate of $0.75. DA Davidson currently has a “Buy” rating and a $134.00 target price on the stock. The consensus estimate for Trade Desk’s current full-year earnings is $0.86 per share. DA Davidson also issued estimates for Trade Desk’s Q4 2024 earnings at $0.33 EPS and FY2025 earnings at $1.08 EPS.

Several other equities research analysts have also recently issued reports on TTD. Macquarie lifted their price objective on shares of Trade Desk from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price objective for the company. in a research report on Tuesday, October 29th. Piper Sandler reissued an “overweight” rating and set a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a research report on Friday. Susquehanna upped their price target on Trade Desk from $135.00 to $150.00 and gave the company a “positive” rating in a report on Friday. Finally, Truist Financial raised their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.65.

Trade Desk Stock Up 3.4 %

NASDAQ TTD opened at $129.34 on Tuesday. Trade Desk has a 52 week low of $61.47 and a 52 week high of $132.65. The firm has a 50 day moving average of $113.32 and a two-hundred day moving average of $101.59. The stock has a market capitalization of $63.58 billion, a PE ratio of 212.03, a price-to-earnings-growth ratio of 6.02 and a beta of 1.47.

Insider Activity

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the transaction, the director now owns 3,516 shares in the company, valued at approximately $351,846.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the transaction, the director now owns 29,991 shares in the company, valued at $3,269,019. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,606 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock valued at $170,121,565 over the last quarter. Corporate insiders own 9.72% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently modified their holdings of TTD. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk in the 2nd quarter worth about $30,000. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk in the second quarter valued at approximately $37,000. Avior Wealth Management LLC increased its stake in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Quarry LP purchased a new stake in Trade Desk in the 2nd quarter valued at approximately $41,000. Finally, Brown Lisle Cummings Inc. lifted its stake in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

About Trade Desk

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.