Trade Desk (NASDAQ:TTD) Stock Price Expected to Rise, UBS Group Analyst Says

Trade Desk (NASDAQ:TTD) had its price target raised by equities research analysts at UBS Group from $140.00 to $150.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. UBS Group’s target price would suggest a potential upside of 19.88% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Moffett Nathanson began coverage on shares of Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective for the company. KeyCorp upped their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus upped their target price on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. New Street Research downgraded shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price objective on the stock. in a research report on Tuesday, October 29th. Finally, Bank of America began coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. Two equities research 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.69.

Trade Desk Stock Down 5.6 %

TTD opened at $125.13 on Friday. The company has a market capitalization of $61.51 billion, a price-to-earnings ratio of 205.13, a PEG ratio of 6.00 and a beta of 1.47. The firm has a 50-day moving average price of $112.83 and a 200-day moving average price of $101.14. Trade Desk has a twelve month low of $60.23 and a twelve month high of $132.65.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. On average, sell-side analysts expect that Trade Desk will post 0.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now directly owns 99,374 shares in the company, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the sale, the insider now directly owns 99,374 shares in the company, valued at $9,887,713. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Laura Schenkein sold 3,130 shares of Trade Desk stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the transaction, the chief financial officer now owns 693,953 shares in the company, valued at $68,930,351.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock valued at $170,121,565 over the last three months. 9.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trade Desk

A number of large investors have recently modified their holdings of TTD. Envestnet Portfolio Solutions Inc. grew its stake in shares of Trade Desk by 59.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 88,836 shares of the technology company’s stock worth $7,766,000 after acquiring an additional 33,049 shares during the last quarter. Quantbot Technologies LP boosted its position in Trade Desk by 299.3% in the first quarter. Quantbot Technologies LP now owns 27,792 shares of the technology company’s stock valued at $2,430,000 after buying an additional 20,831 shares during the last quarter. Empowered Funds LLC boosted its position in Trade Desk by 15.3% in the first quarter. Empowered Funds LLC now owns 12,400 shares of the technology company’s stock valued at $1,084,000 after buying an additional 1,643 shares during the last quarter. SG Americas Securities LLC boosted its position in Trade Desk by 149.6% in the first quarter. SG Americas Securities LLC now owns 19,991 shares of the technology company’s stock valued at $1,748,000 after buying an additional 11,981 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in Trade Desk by 10.2% in the first quarter. Forsta AP Fonden now owns 91,900 shares of the technology company’s stock valued at $8,034,000 after buying an additional 8,500 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.