Brokerages Set The Trade Desk, Inc. (NASDAQ:TTD) Price Target at $109.05

The Trade Desk, Inc. (NASDAQ:TTD) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $109.05.

A number of research firms have weighed in on TTD. Bank of America began coverage on Trade Desk in a research report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price target for the company. Wolfe Research started coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price target on the stock. Royal Bank of Canada increased their price objective on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Morgan Stanley lifted their target price on Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research report on Monday.

Trade Desk Trading Up 0.4 %

Trade Desk stock opened at $105.84 on Friday. The firm has a market capitalization of $51.77 billion, a P/E ratio of 265.08, a PEG ratio of 5.03 and a beta of 1.48. The business has a 50-day moving average of $98.07 and a 200-day moving average of $92.36. Trade Desk has a 1 year low of $60.23 and a 1 year high of $107.64.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. Research analysts anticipate that Trade Desk will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total value of $2,510,750.00. Following the completion of the transaction, the chief financial officer now owns 703,038 shares in the company, valued at approximately $70,606,106.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 599,163 shares of company stock valued at $61,246,529. 10.18% of the stock is owned by company insiders.

Institutional Trading of Trade Desk

Several large investors have recently made changes to their positions in TTD. Pinnacle Bancorp Inc. boosted its stake in Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares in the last quarter. Riverview Trust Co acquired a new position in Trade Desk during the first quarter worth about $27,000. Bogart Wealth LLC lifted its holdings in shares of Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after acquiring an additional 222 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $30,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Trade Desk by 889.4% during the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.