Stifel Nicolaus Boosts Trade Desk (NASDAQ:TTD) Price Target to $136.00

Trade Desk (NASDAQ:TTD) had its price target boosted by Stifel Nicolaus from $111.00 to $136.00 in a research note released on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

Several other analysts have also issued reports on TTD. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Moffett Nathanson initiated coverage on shares of Trade Desk in a research note on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price target on the stock. Susquehanna boosted their price objective on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Loop Capital increased their target price on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.97.

Trade Desk Stock Performance

TTD stock opened at $117.63 on Monday. The firm has a market cap of $57.54 billion, a PE ratio of 294.08, a P/E/G ratio of 5.68 and a beta of 1.48. The firm’s fifty day moving average is $106.18 and its 200 day moving average is $96.77. Trade Desk has a one year low of $60.23 and a one year high of $118.90.

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

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the sale, the director now owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the sale, the director now owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Terry Green sold 80,649 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total value of $9,314,959.50. Following the completion of the sale, the chief executive officer now directly owns 7,330 shares in the company, valued at approximately $846,615. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock valued at $170,095,115 over the last quarter. 10.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trade Desk

Several institutional investors have recently modified their holdings of TTD. 1832 Asset Management L.P. acquired a new position in shares of Trade Desk in the first quarter worth $225,710,000. Marshall Wace LLP grew its stake in shares of Trade Desk by 100.2% during the second 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 in the last quarter. Vanguard Group Inc. grew its stake in shares of Trade Desk by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after purchasing an additional 818,568 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Trade Desk by 3,973.6% during the second quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock worth $43,836,000 after purchasing an additional 437,967 shares in the last quarter. Finally, Steadfast Capital Management LP grew its stake in shares of Trade Desk by 78.3% during the first quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock worth $85,934,000 after purchasing an additional 431,600 shares in the last quarter. Institutional investors and hedge funds 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.