Citigroup Trade Desk (NASDAQ:TTD) has begun research. | Bot To News


Equity analysts working at Citigroup are said to be covering shares of Trading Desk (NASDAQ: TTD ), according to a report made public on Tuesday. Fly was the source of this information. The investment firm gave the information technology company’s stock a “buy” recommendation and set a price objective of $60.00 on the stock. According to Citigroup’s projections, the stock price has a potential upside of 21.90% based on the price target established from where it is currently trading.

Several analysts have also issued their findings about the company. In a research note published on November 10th, DA Davidson announced that they cut their trade desk from $70.00 to $56.00. Despite this change, DA Davidson continued to maintain their “buy” recommendation on the stock. Susquehanna Bancshares cut their price target on the trading desk from $95.00 to $90.00 in a report published on November 10th. In a report released on November 10th, KeyCorp had an “overweight” rating and cut their price objective on Trading Desk from $60.00 to $56.00. This change is a result of the previous set at $60.00. Evercore ISI raised their target price on the trading desk to $75.00 in a research report available for public consumption on Monday, August 15th. Last but not least, Royal Bank of Canada reduced their “outperform” rating and price objective to $75.00 from $80.00 previously in a report dated November 10th. This comes after they previously set a price objective of $80.00. Twelve research analysts have rated the company with a buy rating, while only four have assigned a hold rating to the stock. The company has been given an average rating of “Moderate Buy” and a consensus price target of $70.07, according to data provided by Bloomberg.
Shares of Trade Desk opened at $49.22 on Tuesday. The price on the trade desk had fluctuated widely over the previous twelve months, ranging from $39 to $98.60 at various points. The simple moving average price of the company over the previous 50 days is $51.65 and the average price of the company over the previous 200 days is $53.58. The company’s stock currently has a market cap of $24.09 billion and has the following key metrics: a price-to-earnings ratio of -2,461.00, an earnings-per-share ratio of 8.37 and a beta value of 1.75 .
Recently, many institutional investors and hedge funds have increased or reduced the amount they currently hold in TTD in their portfolios. The percentage of trading desks owned by Bank of New York Mellon Corporation grew by 12.8% during the third quarter. Bank of New York Mellon Corp now owns a stake in the technology company worth a total of $3,196,798 after buying an additional 362,543 shares during the period in question. This brings the total value of his holdings in the company to $3,196,798. Values ​​First Advisors Inc. grew its stake in Trade Desk by 28.5% during the third quarter. Values ​​First Advisors Inc. The company owned a total of 18,972 shares of the technology company’s stock after purchasing an additional 4,211 shares during the period. Currently the total value of this stock is $113,000. Robeco Institutional Asset Management BV boosted its holdings in shares of Trade Desk by 24.2% during the third quarter. Robeco Institutional Asset Management BV now owns a total of 84,351 shares of the technology company’s stock, giving it a market value of $5,041,000 after buying an additional 16,435 shares during the related period. These shares were acquired during the period in question. IHT Wealth Management LLC increased its ownership position in Trading Desk by $228,000 in the third quarter of 2018. Last but not least, in the third quarter, B. Riley Wealth Advisors Inc. It increased its ownership stake in the trading desk to 65.1%. % This should certainly not be considered a very important development. B. Riley Wealth Advisors Inc. now owns a total of 35,584 shares of the technology company’s stock valued at $2,126,000 after the company bought an additional 14,035 shares in the previous quarter. Institutional investors and hedge funds hold 67.71 percent of the company’s total outstanding shares.

Trade Desk, Inc. is a company specializing in technical services that operates not only in the United States but also in other countries. The company operates 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. Devices such as personal computers, mobile devices and connected televisions. This capability is offered across a wide variety of ad formats and channels, including display, video, audio, native and social.



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