Analysts Set The Trade Desk, Inc. (NASDAQ:TTD) Target Price at $109.89

The Trade Desk, Inc. (NASDAQ:TTD) has earned a consensus rating of “Moderate Buy” from the twenty-nine research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $110.47.

A number of research firms have commented on TTD. Morgan Stanley increased their price target on Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. KeyCorp boosted their target price on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday. Moffett Nathanson started coverage on shares of Trade Desk in a report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price target for the company. BTIG Research boosted their price objective on shares of Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, StockNews.com upgraded Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

Trade Desk Stock Performance

NASDAQ:TTD opened at $115.71 on Tuesday. The stock has a 50-day simple moving average of $103.48 and a two-hundred day simple moving average of $95.86. The firm has a market capitalization of $56.60 billion, a PE ratio of 289.28, a P/E/G ratio of 5.44 and a beta of 1.48. Trade Desk has a 52-week low of $60.23 and a 52-week high of $116.59.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data 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 business had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. Equities analysts forecast that Trade Desk will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,216,797.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $112.30, for a total value of $22,460,000.00. Following the sale, the chief executive officer now directly owns 87,979 shares of the company’s stock, valued at $9,880,041.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,452,248 shares of company stock worth $157,894,406. Insiders own 10.18% of the company’s stock.

Institutional Trading of Trade Desk

A number of hedge funds have recently bought and sold shares of the company. Exencial Wealth Advisors LLC lifted its position in Trade Desk by 7.8% during the fourth quarter. Exencial Wealth Advisors LLC now owns 2,819 shares of the technology company’s stock valued at $203,000 after buying an additional 204 shares during the period. Stephens Inc. AR raised its stake in Trade Desk by 1.6% during the fourth quarter. Stephens Inc. AR now owns 20,039 shares of the technology company’s stock valued at $1,442,000 after buying an additional 313 shares during the last quarter. Prudential PLC boosted its holdings in Trade Desk by 2.8% in the fourth quarter. Prudential PLC now owns 25,442 shares of the technology company’s stock worth $1,831,000 after acquiring an additional 698 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Trade Desk by 1.8% in the fourth quarter. Schroder Investment Management Group now owns 403,285 shares of the technology company’s stock worth $29,020,000 after acquiring an additional 7,126 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its holdings in shares of Trade Desk by 5.0% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 39,099 shares of the technology company’s stock valued at $2,814,000 after acquiring an additional 1,870 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

About Trade Desk

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.