KeyCorp Boosts Trade Desk (NASDAQ:TTD) Price Target to $130.00

Trade Desk (NASDAQ:TTD) had its price target raised by KeyCorp from $115.00 to $130.00 in a research note released on Wednesday, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

TTD has been the topic of several other reports. Bank of America began coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They set a buy rating and a $135.00 target price on the stock. Truist Financial lifted their target price on shares of Trade Desk from $108.00 to $120.00 and gave the stock a buy rating in a research report on Wednesday, October 2nd. Wolfe Research began coverage on shares of Trade Desk in a research report on Tuesday, July 16th. They set an outperform rating and a $115.00 target price on the stock. Piper Sandler reiterated an overweight rating and set a $110.00 target price on shares of Trade Desk in a research report on Tuesday, June 11th. Finally, Oppenheimer lifted their target price on shares of Trade Desk from $105.00 to $120.00 and gave the stock an outperform rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $111.05.

Trade Desk Trading Up 1.9 %

Shares of Trade Desk stock opened at $117.90 on Wednesday. The firm has a market capitalization of $57.96 billion, a PE ratio of 235.80, a price-to-earnings-growth ratio of 5.57 and a beta of 1.48. The firm’s 50 day moving average is $104.17 and its 200 day moving average is $96.13. Trade Desk has a 1 year low of $60.23 and a 1 year high of $118.34.

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

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction on Monday, August 26th. The shares were 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 owns 380,832 shares in the company, valued at approximately $39,682,694.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the sale, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock worth $170,095,115 in the last quarter. 9.72% of the stock is owned by corporate insiders.

Institutional Trading of Trade Desk

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Trade Desk by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after acquiring an additional 818,568 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock worth $278,623,000 after acquiring an additional 270,800 shares in the last quarter. Jericho Capital Asset Management L.P. grew its stake in shares of Trade Desk by 4.3% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after acquiring an additional 100,000 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Trade Desk by 10.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,214,832 shares of the technology company’s stock worth $159,379,000 after acquiring an additional 209,222 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Trade Desk by 3.2% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company’s stock worth $165,937,000 after acquiring an additional 59,161 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Company Profile

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.