Susquehanna Reiterates Positive Rating for Trade Desk (NASDAQ:TTD)

Trade Desk (NASDAQ:TTD)‘s stock had its “positive” rating restated by research analysts at Susquehanna in a research report issued on Thursday,Benzinga reports. They currently have a $150.00 target price on the technology company’s stock. Susquehanna’s price objective points to a potential upside of 15.65% from the stock’s previous close.

TTD has been the topic of a number of other reports. Citigroup increased their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird lifted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BTIG Research increased 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. Piper Sandler reissued an “overweight” rating and issued a $140.00 target price (up from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Finally, Needham & Company LLC raised their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.66.

Trade Desk Price Performance

Shares of TTD stock opened at $129.70 on Thursday. The stock’s fifty day simple moving average is $116.90 and its 200 day simple moving average is $103.48. Trade Desk has a one year low of $61.47 and a one year high of $132.65. The firm has a market cap of $64.02 billion, a price-to-earnings ratio of 212.62, a P/E/G ratio of 5.41 and a beta of 1.47.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction on 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 transaction, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. This trade represents a 42.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,412,367 shares of company stock valued at $155,067,356. 9.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Trade Desk

Hedge funds and other institutional investors have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in Trade Desk during the 2nd quarter worth about $30,000. Avior Wealth Management LLC increased its position in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after acquiring an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of Trade Desk in the 2nd quarter worth about $37,000. Institutional investors own 67.77% of the company’s stock.

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.