UBS Group Issues Positive Forecast for Trade Desk (NASDAQ:TTD) Stock Price

Trade Desk (NASDAQ:TTD) had its target price raised by UBS Group from $140.00 to $150.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on TTD. Benchmark reiterated a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday. Robert W. Baird upped their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday. Loop Capital raised their price target on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Citigroup upped their price objective on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.65.

Trade Desk Stock Performance

TTD stock opened at $129.34 on Friday. The firm has a 50 day moving average price of $113.32 and a 200-day moving average price of $101.59. Trade Desk has a 52-week low of $61.47 and a 52-week high of $132.65. The firm has a market capitalization of $63.58 billion, a price-to-earnings ratio of 212.03, a PEG ratio of 6.02 and a beta of 1.47.

Insider Transactions at Trade Desk

In related 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 value of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares in the company, valued at $39,682,694.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,557,897 shares of company stock valued at $170,121,565 over the last 90 days. Company insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTD. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk during the 2nd quarter worth approximately $30,000. Avior Wealth Management LLC increased its position in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of Trade Desk in the 2nd quarter worth about $37,000. 67.77% of the stock is owned by institutional investors.

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.