Trade Desk (NASDAQ:TTD) PT Raised to $140.00

Trade Desk (NASDAQ:TTD) had its price objective hoisted by research analysts at Citigroup from $115.00 to $140.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s target price suggests a potential upside of 19.02% from the stock’s previous close.

TTD has been the subject of a number of other reports. Morgan Stanley lifted their price objective on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Macquarie increased their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Susquehanna lifted their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, August 9th. Needham & Company LLC upped their target price on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, Oppenheimer raised their price target on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus price target of $112.97.

Trade Desk Trading Down 0.3 %

NASDAQ:TTD opened at $117.63 on Wednesday. The stock has a market capitalization of $57.54 billion, a P/E ratio of 294.08, a price-to-earnings-growth ratio of 5.68 and a beta of 1.48. Trade Desk has a 1 year low of $60.23 and a 1 year high of $118.90. The firm has a 50 day moving average of $106.18 and a 200-day moving average of $96.77.

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

Insiders Place Their Bets

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 sale, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Samantha Jacobson sold 4,872 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now owns 99,374 shares in the company, valued at $9,887,713. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the 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 transaction, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. This trade represents 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 90 days. 10.18% of the stock is currently owned by insiders.

Institutional Trading of Trade Desk

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Secure Asset Management LLC acquired a new position in Trade Desk in the 3rd quarter valued at $222,000. Bleakley Financial Group LLC raised its stake in Trade Desk by 1.5% in the third quarter. Bleakley Financial Group LLC now owns 29,933 shares of the technology company’s stock valued at $3,282,000 after purchasing an additional 445 shares in the last quarter. Optimum Investment Advisors lifted its position in Trade Desk by 3.7% during the third quarter. Optimum Investment Advisors now owns 13,870 shares of the technology company’s stock worth $1,521,000 after purchasing an additional 500 shares during the period. Paragon Capital Management Inc. acquired a new stake in Trade Desk during the third quarter worth about $811,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Trade Desk in the 3rd quarter valued at about $263,000. Institutional investors and hedge funds 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.