Trade Desk’s (TTD) “Outperform” Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Trade Desk (NASDAQ:TTD) in a research report report published on Thursday morning,Benzinga reports. Wedbush currently has a $135.00 price target on the technology company’s stock.

Other analysts have also recently issued reports about the company. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and upped their target price for the company from $85.00 to $115.00 in a report on Monday, November 25th. Moffett Nathanson assumed coverage on Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price on the stock. Loop Capital lifted their price target on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Susquehanna reissued a “positive” rating and issued a $150.00 price target on shares of Trade Desk in a research report on Thursday, November 21st. Finally, Bank of America assumed coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.07.

Trade Desk Trading Down 0.6 %

NASDAQ TTD traded down $0.78 during trading on Thursday, hitting $125.45. 1,371,500 shares of the company’s stock were exchanged, compared to its average volume of 3,833,474. The company has a market cap of $61.92 billion, a PE ratio of 205.66, a P/E/G ratio of 6.00 and a beta of 1.43. Trade Desk has a fifty-two week low of $61.47 and a fifty-two week high of $141.53. The stock’s 50 day moving average price is $125.66 and its two-hundred day moving average price is $108.98.

Insider Activity

In related news, insider Jay R. Grant sold 20,579 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total value of $2,235,908.35. Following the transaction, the insider now directly owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. The trade was a 10.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 565,180 shares in the company, valued at approximately $61,423,762.40. The trade was a 26.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 928,938 shares of company stock valued at $103,640,054 in the last ninety days. Corporate insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

A number of large investors have recently bought and sold shares of TTD. Edgewood Management LLC lifted its holdings in shares of Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after buying an additional 5,675,571 shares during the period. Jennison Associates LLC lifted its stake in shares of Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after purchasing an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after purchasing an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Trade Desk by 100.2% during the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after purchasing an additional 872,555 shares during the last quarter. 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.