Trade Desk (NASDAQ:TTD) Stock Price Expected to Rise, KeyCorp Analyst Says

Trade Desk (NASDAQ:TTD) had its price objective raised by research analysts at KeyCorp from $130.00 to $140.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective indicates a potential upside of 17.85% from the company’s previous close.

A number of other brokerages have also recently commented on TTD. Oppenheimer upped their target price on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $85.00 to $115.00 in a research report on Monday, November 25th. Loop Capital increased their target price on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company assumed coverage on shares of Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 price target on the stock. Finally, Moffett Nathanson began coverage on shares of Trade Desk in a report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.83.

Trade Desk Stock Performance

Trade Desk stock opened at $118.80 on Friday. Trade Desk has a one year low of $61.47 and a one year high of $141.53. The stock has a fifty day moving average of $126.72 and a 200 day moving average of $112.03. The stock has a market cap of $58.64 billion, a PE ratio of 194.75, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in shares of Trade Desk by 37.7% in 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 in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of 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 during the period. Brown Lisle Cummings Inc. boosted its stake 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 valued at $41,000 after purchasing an additional 150 shares in the last quarter. Quarry LP purchased a new position in Trade Desk during the second quarter valued at approximately $41,000. Finally, Brown Brothers Harriman & Co. bought a new position in Trade Desk in the third quarter worth approximately $51,000. 67.77% of the stock is currently 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.