Trade Desk (NASDAQ:TTD) Research Coverage Started at Scotiabank

Scotiabank initiated coverage on shares of Trade Desk (NASDAQ:TTD) in a research note issued to investors on Thursday morning, Marketbeat reports. The firm issued a sector perform rating and a $133.00 target price on the technology company’s stock.

Several other equities research analysts have also commented on the company. Truist Financial upped their price objective on Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Stifel Nicolaus upped their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Royal Bank of Canada increased their target price on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Loop Capital lifted their price target on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $124.94.

Trade Desk Price Performance

Trade Desk stock opened at $139.11 on Thursday. Trade Desk has a 1-year low of $61.47 and a 1-year high of $141.53. The firm has a market capitalization of $68.66 billion, a P/E ratio of 228.05, a price-to-earnings-growth ratio of 6.32 and a beta of 1.43. The company’s 50-day moving average is $122.27 and its 200 day moving average is $106.83.

Insiders Place Their Bets

In other news, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $109.47, for a total value of $21,894,000.00. Following the sale, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at $83,764,254.60. The trade was a 20.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock valued at $125,534,054 in the last three months. 9.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TTD. Transcendent Capital Group LLC acquired a new stake in Trade Desk in the 2nd quarter valued at approximately $30,000. Avior Wealth Management LLC grew its stake in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 150 shares during the period. Finally, EdgeRock Capital LLC acquired a new position in Trade Desk in the 2nd quarter valued at about $37,000. 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.