The Trade Desk, Inc. (NASDAQ:TTD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The Trade Desk, Inc. (NASDAQ:TTD) have received a consensus recommendation of “Moderate Buy” from the thirty brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $127.07.

A number of research analysts have recently commented on the company. Evercore ISI upped their target price on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Scotiabank started coverage on Trade Desk in a research report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 target price for the company. Citigroup upped their price target on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Macquarie lifted their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd.

Insider Buying and Selling at Trade Desk

In related news, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $80,102,994.79. This represents a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 527,583 shares of company stock worth $59,648,359. 9.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently bought and sold shares of the business. &PARTNERS acquired a new stake in Trade Desk during the 2nd quarter worth about $364,000. Raymond James Trust N.A. grew its holdings in Trade Desk by 20.1% during the second quarter. Raymond James Trust N.A. now owns 16,427 shares of the technology company’s stock worth $1,604,000 after acquiring an additional 2,753 shares during the period. First Heartland Consultants Inc. purchased a new position in Trade Desk during the second quarter valued at approximately $212,000. Verdence Capital Advisors LLC lifted its holdings in Trade Desk by 28.0% in the second quarter. Verdence Capital Advisors LLC now owns 4,554 shares of the technology company’s stock valued at $445,000 after acquiring an additional 997 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Trade Desk by 1.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 648,995 shares of the technology company’s stock valued at $63,387,000 after acquiring an additional 7,554 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Down 0.4 %

Shares of NASDAQ:TTD opened at $123.46 on Friday. Trade Desk has a 12 month low of $61.47 and a 12 month high of $141.53. The company has a market capitalization of $60.94 billion, a price-to-earnings ratio of 202.39, a PEG ratio of 6.00 and a beta of 1.43. The firm’s 50-day moving average is $126.34 and its 200 day moving average is $109.99.

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.