Somewhat Positive News Coverage Very Likely to Impact Trade Desk (NASDAQ:TTD) Stock Price

News articles about Trade Desk (NASDAQ:TTD) have been trending somewhat positive on Sunday, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Trade Desk earned a news impact score of 2.00 on their scale. InfoTrie also assigned news headlines about the technology company an news buzz score of 8 out of 10, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have impacted Trade Desk’s score:

TTD stock traded up $6.93 during trading on Friday, hitting $247.35. 1,967,009 shares of the company traded hands, compared to its average volume of 1,661,812. Trade Desk has a 1 year low of $102.35 and a 1 year high of $289.51. The company has a market cap of $10.85 billion, a PE ratio of 128.83, a P/E/G ratio of 4.39 and a beta of 2.80. The stock’s 50-day simple moving average is $221.51 and its 200 day simple moving average is $227.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.65 and a quick ratio of 1.65.

TTD has been the subject of several research analyst reports. BidaskClub upgraded Trade Desk from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Zacks Investment Research upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $221.00 price target on the stock in a report on Saturday, October 26th. ValuEngine downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Stephens assumed coverage on shares of Trade Desk in a research report on Monday, November 4th. They set an “overweight” rating and a $250.00 price target for the company. Finally, SunTrust Banks restated a “buy” rating and set a $285.00 price objective on shares of Trade Desk in a research note on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $233.25.

In other news, Director Mazen Al-Rawashdeh sold 2,408 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.91, for a total transaction of $122,591.28. Also, Director Kathryn E. Falberg sold 10,286 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $207.08, for a total value of $2,130,024.88. Following the sale, the director now owns 1,476 shares in the company, valued at $305,650.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,276 shares of company stock worth $24,638,299. Insiders own 17.44% of the company’s stock.

Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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