Trade Desk (NASDAQ:TTD) Earns “Outperform” Rating from Wedbush

Trade Desk (NASDAQ:TTD)‘s stock had its “outperform” rating restated by equities researchers 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 target would indicate a potential upside of 7.99% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Piper Sandler reiterated an “overweight” rating and issued a $140.00 target price (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Robert W. Baird boosted their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. BTIG Research raised their target price on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Susquehanna reaffirmed a “positive” rating and set a $150.00 price target on shares of Trade Desk in a research report on Thursday, November 21st. Finally, Wells Fargo & Company initiated coverage on Trade Desk in a research report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $127.07.

Trade Desk Trading Down 1.0 %

Shares of NASDAQ:TTD opened at $125.01 on Thursday. The company has a market capitalization of $61.70 billion, a PE ratio of 204.93, a P/E/G ratio of 6.00 and a beta of 1.43. Trade Desk has a 12-month low of $61.47 and a 12-month high of $141.53. The business’s fifty day simple moving average is $125.87 and its 200-day simple moving average is $109.10.

Insider Activity at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 178,853 shares of the company’s stock, valued at $19,432,378.45. This trade represents a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 928,938 shares of company stock worth $103,640,054. 9.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTD. EdgeRock Capital LLC acquired a new position in shares of Trade Desk during the 2nd quarter worth about $37,000. Avior Wealth Management LLC raised 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 valued at $40,000 after acquiring an additional 100 shares during the last quarter. Quarry LP purchased a new position in shares of Trade Desk in the second quarter valued at approximately $41,000. Brown Lisle Cummings Inc. increased its position in shares of 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 purchasing an additional 150 shares in the last quarter. Finally, 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 valued at $41,000 after purchasing an additional 247 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

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.