Susquehanna Reiterates “Positive” Rating for Trade Desk (NASDAQ:TTD)

Susquehanna reaffirmed their positive rating on shares of Trade Desk (NASDAQ:TTD) in a report published on Thursday morning,Benzinga reports. The brokerage currently has a $150.00 target price on the technology company’s stock.

TTD has been the topic of several other research reports. UBS Group upped their price target on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price target on the stock. in a report on Tuesday, October 29th. Loop Capital upped their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. 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 target price on the stock. Finally, Truist Financial increased their price target on shares of Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.66.

Trade Desk Trading Up 1.8 %

Shares of NASDAQ:TTD opened at $129.70 on Thursday. Trade Desk has a 12 month low of $61.47 and a 12 month high of $132.65. The stock has a market cap of $64.02 billion, a P/E ratio of 212.62, a P/E/G ratio of 5.88 and a beta of 1.47. The company has a 50 day moving average of $117.38 and a 200 day moving average of $103.98.

Insider Activity

In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the sale, the insider now owns 178,853 shares in the company, valued at $19,432,378.45. This represents a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. Company insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Transcendent Capital Group LLC bought a new stake in Trade Desk in the second quarter worth $30,000. EdgeRock Capital LLC bought a new stake in Trade Desk during the 2nd quarter valued at about $37,000. Avior Wealth Management LLC raised its holdings 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 buying an additional 100 shares during the last quarter. Quarry LP bought a new position in shares of Trade Desk in the second quarter worth approximately $41,000. Finally, Brown Lisle Cummings Inc. grew its holdings in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the last quarter. 67.77% of the stock is currently 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.