Trade Desk (NASDAQ:TTD) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Trade Desk (NASDAQ:TTD) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Wedbush increased their target price on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Piper Sandler reiterated an “overweight” rating and set a $140.00 price objective (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Oppenheimer upped their target price on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. KeyCorp lifted their price target on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Finally, Robert W. Baird raised their target price on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Stock Down 1.3 %

Shares of NASDAQ TTD opened at $119.14 on Tuesday. Trade Desk has a 12-month low of $66.56 and a 12-month high of $141.53. The firm has a market cap of $58.80 billion, a PE ratio of 195.31, a P/E/G ratio of 3.94 and a beta of 1.45. The company’s fifty day simple moving average is $125.80 and its 200 day simple moving average is $113.33.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The firm had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, equities analysts predict that Trade Desk will post 0.87 earnings per share for the current year.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $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 quarter, insiders have sold 549,684 shares of company stock valued at $68,444,576. Corporate insiders own 9.72% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

Several hedge funds have recently bought and sold shares of the stock. Edgewood Management LLC raised its position in shares of Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after buying an additional 5,675,571 shares in the last quarter. Jennison Associates LLC raised its position in Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. lifted its stake in Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after purchasing an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Trade Desk by 10,856.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after purchasing an additional 1,558,465 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Trade Desk by 55.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company’s stock valued at $169,892,000 after purchasing an additional 551,925 shares during the last quarter. 67.77% of the stock is currently owned by 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.