Trade Desk’s (TTD) “Outperform” Rating Reaffirmed at Wedbush

Trade Desk (NASDAQ:TTD)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a research note issued on Thursday,Benzinga reports. They currently have a $135.00 price objective on the technology company’s stock. Wedbush’s price objective suggests a potential upside of 4.65% from the company’s previous close.

TTD has been the subject of a number of other reports. Stifel Nicolaus boosted their target price on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Citigroup boosted their target price on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Susquehanna reiterated a “positive” rating and issued a $150.00 price objective on shares of Trade Desk in a report on Thursday, November 21st. Oppenheimer raised their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, BTIG Research boosted their price target on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $127.07.

Trade Desk Trading Up 0.8 %

Shares of NASDAQ TTD opened at $129.00 on Thursday. The stock has a fifty day simple moving average of $125.42 and a 200-day simple moving average of $108.85. Trade Desk has a twelve month low of $61.47 and a twelve month high of $141.53. The stock has a market capitalization of $63.67 billion, a PE ratio of 211.48, a PEG ratio of 6.00 and a beta of 1.43.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the transaction, the chief executive officer now directly owns 565,180 shares of the company’s stock, valued at $61,423,762.40. The trade was a 26.14 % 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, insider Jay R. Grant sold 20,579 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the sale, the insider now directly owns 178,853 shares in the company, valued at approximately $19,432,378.45. The trade was a 10.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock valued at $125,534,054 in the last ninety days. Corporate insiders own 9.72% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of TTD. CAP Partners LLC grew its position in shares of Trade Desk by 1.4% in the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after purchasing an additional 86 shares during the period. Allworth Financial LP grew its holdings in Trade Desk by 2.7% in the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after buying an additional 97 shares during the period. Avior Wealth Management LLC increased its stake in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. Advisory Resource Group lifted its holdings in shares of Trade Desk by 1.0% during the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 101 shares during the period. Finally, HM Payson & Co. boosted its position in shares of Trade Desk by 1.0% in the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock worth $1,083,000 after acquiring an additional 102 shares during the last quarter. 67.77% of the stock is 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.