The Trade Desk | $TTD Stock | Shares Rocket After Q2 Profits Beat Estimates

Brian John Stempeck Sells 10,000 Shares of Trade Desk Inc (TTD) Stock

Trade Desk has a one year low of $40.70 and a one year high of $97.87. 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. The Stock shows P/E value of 72.6 and Forward P/E of 78.81. Also, insider David Randall Pickles sold 75,000 shares of the company's stock in a transaction dated Tuesday, May 22nd. Following the sale, the chief financial officer now owns 65,345 shares of the company's stock, valued at $5,286,410.50. The stock traded with the average Volume of 1.28 Million at the end of last session. This target by Nomura gives the possibile downside of -21.05 % from the last stock price. Royal Bank of Canada raised their price objective on Trade Desk to $80.00 and gave the company an "outperform" rating in a research note on Friday, May 11th.

Pivotal Research Group analyst Brian Wieser was more subdued. Zacks Investment Research raised Trade Desk from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 25th. The disclosure for this sale can be found here. The institutional investor acquired 2,140 shares of the technology company's stock, valued at approximately $201,000. Following the sale, the insider now directly owns 44,848 shares of the company's stock, valued at approximately $3,719,244.64. Insiders sold 529,340 shares of company stock valued at $47,683,133 in the last ninety days. Oppenheimer began coverage on Trade Desk in a research report on Thursday, May 10th.

Sell side analysts plays vital role in buying and selling a stock where 2 analysts rated The Trade Desk inc (NASDAQ:TTD) as Buy, 0 analysts given Outperform signal, 0 reported Hold, and 0 analysts rated the stock as Sell. (ROST) price hitting a mean target of $90.8 a share, meaning the stock still has potential that could drag the price another -1.49%.

The company expects third-quarter and full-year sales of $116 million and $433 million, respectively. Thompson Reuters, based on analyst estimates, was for adjusted earnings of $0.44 per share on sales of $104 million.

Trade Desk opened at $93.29 on Friday, according to Marketbeat Ratings. The stock is trading for about -4.68% less than its 52-week high. Trade Desk had 16 analyst reports since February 23, 2018 according to SRatingsIntel. Finally, LPL Financial LLC lifted its holdings in Trade Desk by 71.5% during the fourth quarter.

The company, which provides data-driven insights to advertisers, faces tough competition from similar divisions of internet giants Alphabet Inc (GOOGL.O) and Facebook Inc (FB.O) and complements the needs of traditional advertising firms such as Omnicom Group Inc (OMC.N) and WPP Plc (WPP.L). Trade Desk's revenue was up 60.5% on a year-over-year basis. equities analysts forecast that Trade Desk Inc will post 1.41 EPS for the current year. The Company's platform allows clients to manage integrated advertising campaigns across various advertising formats, including display, video, audio, native, and social, as well as on various devices, such as computers, mobile devices, and connected television.

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