In a report issued on March 27, Mark Kelley from Nomura maintained a Hold rating on Trade Desk (TTD), with a price target of $208.00. The company’s shares closed last Friday at $199.69.
According to TipRanks.com, Kelley is a 3-star analyst with an average return of 0.3% and a 39.7% success rate. Kelley covers the Technology sector, focusing on stocks such as Spotify Technology SA, IAC/InterActiveCorp, and ANGI Homeservices.
Trade Desk has an analyst consensus of Strong Buy, with a price target consensus of $256.67.
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Based on Trade Desk’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $216 million and net profit of $50.95 million. In comparison, last year the company earned revenue of $160 million and had a net profit of $39.44 million.
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTD in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Trade Desk, Inc. is a technology company, which engages in the provision of technology platform for advertising buyers. It operates through United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.
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