Trade Desk (NASDAQ:TTD) Given New $133.00 Price Target at Macquarie

Trade Desk (NASDAQ:TTD) had its price objective boosted by analysts at Macquarie from $130.00 to $133.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Macquarie’s price target indicates a potential upside of 6.29% from the company’s current price.

TTD has been the topic of a number of other reports. Robert W. Baird boosted their price target on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday. Benchmark reiterated a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research note on Friday. Royal Bank of Canada boosted their price target 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. Susquehanna boosted their price target on shares of Trade Desk from $135.00 to $150.00 and gave the stock a “positive” rating in a research note on Friday. Finally, Stifel Nicolaus boosted their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.69.

Trade Desk Price Performance

Shares of NASDAQ:TTD traded down $7.40 on Friday, reaching $125.13. The company’s stock had a trading volume of 13,613,033 shares, compared to its average volume of 3,818,373. The stock’s 50-day moving average is $112.41 and its two-hundred day moving average is $100.68. Trade Desk has a 52-week low of $60.23 and a 52-week high of $132.65. The stock has a market capitalization of $61.51 billion, a P/E ratio of 250.26, a PEG ratio of 6.00 and a beta of 1.47.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. During the same period in the prior year, the company earned $0.07 earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. Equities analysts forecast that Trade Desk will post 0.86 earnings per share for the current fiscal year.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the transaction, the director now owns 3,516 shares of the company’s stock, valued at $351,846.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the transaction, the chief executive officer now directly owns 664,261 shares in the company, valued at approximately $68,897,150.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,557,897 shares of company stock valued at $170,121,565. Company insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Large investors have recently bought and sold shares of the stock. 1832 Asset Management L.P. purchased a new position in shares of Trade Desk in the 1st quarter valued at $225,710,000. Baillie Gifford & Co. raised its stake in shares of Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. International Assets Investment Management LLC raised its stake in shares of Trade Desk by 10,856.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after acquiring an additional 1,558,465 shares during the period. Marshall Wace LLP raised its stake in shares of Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after acquiring an additional 872,555 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Trade Desk by 3,973.6% in the 2nd quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock valued at $43,836,000 after acquiring an additional 437,967 shares during the period. Hedge funds and other 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.