BMO Capital Markets Increases Trade Desk (NASDAQ:TTD) Price Target to $160.00

Trade Desk (NASDAQ:TTD) had its target price increased by equities researchers at BMO Capital Markets from $125.00 to $160.00 in a report released on Wednesday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price objective points to a potential upside of 32.41% from the company’s current price.

Several other equities analysts have also recently weighed in on TTD. Susquehanna reiterated a “positive” rating and issued a $150.00 price objective on shares of Trade Desk in a research note on Thursday, November 21st. Truist Financial upped their target price on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. DA Davidson upped their price target on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Wedbush boosted their target price on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Oppenheimer increased their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.55.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $120.84 on Wednesday. The firm’s 50-day moving average is $126.31 and its 200 day moving average is $112.51. Trade Desk has a 1 year low of $61.47 and a 1 year high of $141.53. The stock has a market cap of $59.64 billion, a price-to-earnings ratio of 198.10, a PEG ratio of 3.76 and a beta of 1.45.

Insider Activity

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,086 shares of company stock worth $4,654,466. 9.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ballentine Partners LLC lifted its holdings in Trade Desk by 7.2% in the 4th quarter. Ballentine Partners LLC now owns 3,786 shares of the technology company’s stock worth $445,000 after purchasing an additional 255 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in Trade Desk by 22.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 2,380 shares of the technology company’s stock worth $280,000 after purchasing an additional 436 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after purchasing an additional 117 shares in the last quarter. Zhang Financial LLC acquired a new position in shares of Trade Desk during the fourth quarter valued at $409,000. Finally, Bridgewater Advisors Inc. lifted its holdings in Trade Desk by 2.0% in the fourth quarter. Bridgewater Advisors Inc. now owns 10,326 shares of the technology company’s stock valued at $1,206,000 after buying an additional 200 shares during the period. Hedge funds and other 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.