Trade Desk (NASDAQ:TTD) Upgraded to “Buy” at StockNews.com

Trade Desk (NASDAQ:TTD) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Other equities research analysts have also recently issued reports about the stock. New Street Research cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 target price on the stock. in a research report on Tuesday, October 29th. Wells Fargo & Company began coverage on shares of Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price target on the stock. Robert W. Baird increased their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. KeyCorp lifted their target price on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Oppenheimer upped their price target on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $123.66.

Trade Desk Stock Up 1.8 %

Shares of TTD traded up $2.35 during trading hours on Friday, reaching $129.70. 3,630,426 shares of the company traded hands, compared to its average volume of 3,846,573. The stock has a market capitalization of $64.02 billion, a PE ratio of 212.62, a price-to-earnings-growth ratio of 5.41 and a beta of 1.47. The stock has a fifty day simple moving average of $116.90 and a 200 day simple moving average of $103.48. Trade Desk has a fifty-two week low of $61.47 and a fifty-two week high of $132.65.

Insider Transactions at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, October 21st. The stock was 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 owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. The trade was a 42.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,412,367 shares of company stock valued at $155,067,356. Corporate insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new position in Trade Desk in the second quarter valued at about $30,000. EdgeRock Capital LLC bought a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $37,000. Avior Wealth Management LLC increased its holdings 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 buying an additional 100 shares during the last quarter. Quarry LP bought a new position in Trade Desk during the second quarter valued at approximately $41,000. Finally, Brown Lisle Cummings Inc. lifted its stake in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 150 shares during the last quarter. 67.77% of the stock is 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.