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

Trade Desk (NASDAQ:TTD) had its target price boosted by Macquarie from $133.00 to $150.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other research analysts have also recently commented on the company. Piper Sandler reissued an “overweight” rating and issued a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. New Street Research lowered shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price objective for the company. in a report on Tuesday, October 29th. Stifel Nicolaus lifted their target price on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Citigroup raised their price target on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $124.66.

Trade Desk Stock Performance

Shares of TTD stock opened at $129.35 on Friday. Trade Desk has a 52-week low of $61.47 and a 52-week high of $132.65. The company has a market capitalization of $63.84 billion, a PE ratio of 212.05, a price-to-earnings-growth ratio of 5.88 and a beta of 1.47. The business’s fifty day moving average is $117.38 and its 200 day moving average is $103.98.

Insider Activity

In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the sale, the chief financial officer now owns 693,953 shares in the company, valued at $80,102,994.79. The trade was a 3.48 % 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, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the sale, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last 90 days. Company insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Several hedge funds have recently bought and sold shares of TTD. CAP Partners LLC increased its holdings in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after buying an additional 86 shares during the last quarter. Allworth Financial LP lifted its position in shares of Trade Desk by 2.7% in the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after purchasing an additional 97 shares during the period. Apella Capital LLC lifted its position in shares of Trade Desk by 1.9% in the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after purchasing an additional 100 shares during the period. Avior Wealth Management LLC lifted its position in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. Finally, Advisory Resource Group lifted its position in Trade Desk by 1.0% during the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 101 shares during the last quarter. Hedge funds and other 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.