The Trade Desk, Inc. (NASDAQ:TTD) Given Average Recommendation of “Moderate Buy” by Brokerages

The Trade Desk, Inc. (NASDAQ:TTD) has been given a consensus recommendation of “Moderate Buy” by the thirty analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $132.55.

A number of equities analysts have weighed in on TTD shares. Wells Fargo & Company lifted their price target on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Robert W. Baird boosted their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Wedbush raised their price target on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, January 6th.

Trade Desk Price Performance

NASDAQ TTD opened at $119.68 on Thursday. The company has a market cap of $59.07 billion, a P/E ratio of 196.20, a P/E/G ratio of 6.00 and a beta of 1.45. Trade Desk has a 12 month low of $61.47 and a 12 month high of $141.53. The company has a 50-day moving average of $126.55 and a 200-day moving average of $112.46.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were 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 directly owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,086 shares of company stock worth $4,654,466. Insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of the company. Avior Wealth Management LLC boosted its stake 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 buying an additional 100 shares in the last quarter. Quarry LP bought a new position in shares of Trade Desk during the 2nd quarter valued at about $41,000. 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 purchasing an additional 150 shares during 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 worth $41,000 after purchasing an additional 247 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in Trade Desk during the third quarter valued at approximately $51,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.