Evercore ISI Increases Trade Desk (NASDAQ:TTD) Price Target to $135.00

Trade Desk (NASDAQ:TTD) had its price target increased by stock analysts at Evercore ISI from $110.00 to $135.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Evercore ISI’s target price points to a potential upside of 4.09% from the stock’s previous close.

TTD has been the subject of several other research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Moffett Nathanson started coverage on Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target on the stock. Macquarie boosted their price target on shares of Trade Desk from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Benchmark reissued a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.66.

Trade Desk Trading Up 1.8 %

NASDAQ:TTD opened at $129.70 on Thursday. The firm has a market capitalization of $64.02 billion, a price-to-earnings ratio of 212.62, a PEG ratio of 5.41 and a beta of 1.47. Trade Desk has a 1-year low of $61.47 and a 1-year high of $132.65. The business’s fifty day moving average price is $116.90 and its 200 day moving average price is $103.48.

Insider Activity

In related news, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the sale, the director now owns 29,991 shares in the company, valued at $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,412,367 shares of company stock valued at $155,067,356 in the last ninety days. 9.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Trade Desk

Institutional investors and hedge funds have recently made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new position in Trade Desk during the second quarter worth approximately $30,000. Avior Wealth Management LLC lifted its holdings in shares of Trade Desk by 37.7% during 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 in the last quarter. JFS Wealth Advisors LLC raised its stake in 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. Brown Lisle Cummings Inc. boosted its stake in shares of 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 buying an additional 150 shares during the period. Finally, EdgeRock Capital LLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at $37,000. 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.