The Trade Desk, Inc. (NASDAQ:TTD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of The Trade Desk, Inc. (NASDAQ:TTD) have earned a consensus recommendation of “Moderate Buy” from the thirty research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $127.07.

TTD has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price target on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Wedbush restated an “outperform” rating and issued a $135.00 price objective on shares of Trade Desk in a research report on Thursday. Citigroup upped their target price on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Benchmark reissued a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. Finally, 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.

Trade Desk Stock Performance

TTD opened at $125.01 on Friday. The company has a fifty day moving average of $126.02 and a two-hundred day moving average of $109.33. The stock has a market capitalization of $61.70 billion, a price-to-earnings ratio of 204.93, a PEG ratio of 6.00 and a beta of 1.43. Trade Desk has a fifty-two week low of $61.47 and a fifty-two week high of $141.53.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $110.54, for a total transaction of $22,108,000.00. Following the completion of the transaction, the chief executive officer now directly owns 365,180 shares of the company’s stock, valued at approximately $40,366,997.20. The trade was a 35.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 928,938 shares of company stock worth $103,640,054 in the last ninety days. 9.72% of the stock is owned by insiders.

Institutional Trading of Trade Desk

Hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC lifted its stake 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 acquiring an additional 100 shares during the last quarter. Quarry LP purchased a new stake in shares of Trade Desk during the 2nd quarter worth $41,000. Brown Lisle Cummings Inc. grew its stake 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 worth $41,000 after purchasing an additional 150 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in Trade Desk by 194.5% in the third 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 last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in Trade Desk in the third quarter valued at $51,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.