Trade Desk (NASDAQ:TTD) Price Target Raised to $125.00

Trade Desk (NASDAQ:TTD) had its price objective boosted by Needham & Company LLC from $115.00 to $125.00 in a report issued on Tuesday morning, Marketbeat.com reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

A number of other research analysts have also recently issued reports on TTD. Bank of America began coverage on Trade Desk in a research note on Wednesday, September 4th. They set a buy rating and a $135.00 price objective on the stock. Piper Sandler restated an overweight rating and set a $110.00 price target on shares of Trade Desk in a research report on Tuesday, June 11th. KeyCorp boosted their price objective on Trade Desk from $105.00 to $115.00 and gave the company an overweight rating in a research report on Friday, August 9th. BTIG Research raised their target price on shares of Trade Desk from $110.00 to $114.00 and gave the stock a buy rating in a report on Friday, August 9th. Finally, Royal Bank of Canada upped their price target on shares of Trade Desk from $110.00 to $120.00 and gave the company an outperform rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $109.89.

Trade Desk Trading Up 1.4 %

TTD opened at $113.00 on Tuesday. The stock has a 50-day moving average price of $101.52 and a 200-day moving average price of $95.00. The stock has a market capitalization of $55.27 billion, a P/E ratio of 282.50, a PEG ratio of 5.23 and a beta of 1.48. Trade Desk has a 12-month low of $60.23 and a 12-month high of $113.84.

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

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total value of $2,235,908.35. Following the transaction, the insider now directly owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,077,248 shares of company stock worth $115,353,156. 10.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Trade Desk

Several institutional investors have recently modified their holdings of the business. Apella Capital LLC boosted its holdings in Trade Desk by 1.9% in the second 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 last quarter. Wealth Alliance grew its holdings in shares of Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after acquiring an additional 106 shares during the period. RFP Financial Group LLC increased its position in Trade Desk by 26.4% during the second quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after acquiring an additional 116 shares during the last quarter. HBK Sorce Advisory LLC lifted its holdings in Trade Desk by 2.0% in the second quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock valued at $612,000 after acquiring an additional 125 shares during the period. Finally, Diversify Advisory Services LLC boosted its position in Trade Desk by 4.5% in the second quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock worth $297,000 after purchasing an additional 127 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other 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.