Atria Investments LLC purchased a new position in Trade Desk during the second quarter valued at approximately $235,000.
Investor's Business Daily has the details on Trade Desk's strong quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Trade Desk by 90.7% during the fourth quarter. This has been released in a research report on Friday, 10 August. ValuEngine upgraded Trade Desk from a "hold" rating to a "buy" rating in a report on Saturday, May 12th. Pivotal Research started coverage on shares of Trade Desk in a research note on Monday, July 9th. $81's average target is -36.68% below currents $127.93 stock price. The stock has "Buy" rating by Piper Jaffray on Friday, May 11. The company shares sank -0.02% from their peak of $92.19 and now has a $34.45 billion market value of equity. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock.
"Overall, results were thematically in line with our expectations, with nothing causing us to meaningfully alter our longer-term forecasts", Wieser wrote in a note to investors, adding: "While we think that The Trade Desk is performing very well - we consistently hear praise for the company from its customers as well as its competitors - but continue to believe that too much has to go right for the company to justify its current valuation".
Trade Desk opened at $91.37 on Thursday, Marketbeat Ratings reports. The stock traded with the average Volume of 1.28 Million at the end of last session. Trade Desk has a 52-week low of $40.70 and a 52-week high of $97.87.
Among 11 analysts covering Trade Desk (TTD), 8 have Buy rating, 1 Sell and 2 Hold. The technology company reported $0.60 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.16, Bloomberg Earnings reports. Trade Desk had 16 analyst reports since February 23, 2018 according to SRatingsIntel.
Looking ahead to the third quarter, the company expects to see revenue of $116 million with an adjusted EBITDA of $33 million.
Revenues came in for the quarter at $112.3 million, in contrast with $72.8 million in the prior-year quarter.
In related news, COO Robert David Perdue sold 107,500 shares of the company's stock in a transaction on Friday, May 11th. The shares were sold at an average price of $86.10, for a total transaction of $774,900.00. Following the transaction, the chief financial officer now directly owns 79,350 shares of the company's stock, valued at approximately $5,976,642. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. When we see the company's Volatility, it now has a monthly volatility of 4.31% and weekly volatility of 3.61%. The shares were sold at an average price of $75.32, for a total value of $1,002,132.60. Ladenburg Thalmann Financial Services Inc. now owns 5,667 shares of the technology company's stock valued at $259,000 after buying an additional 2,695 shares during the period. The disclosure for this sale can be found here. Revenue, on the other hand, scored -28.64% growth from the previous quarter, coming up with $73.25 million. Company insiders own 26.87% of the company's stock. Finally, Wells Fargo & Company MN increased its position in shares of Trade Desk by 19.4% during the first quarter. 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.
Recommended Story: What do I need to know about analyst ratings?