The Trade Desk, Inc. (NASDAQ:TTD) Receives $115.60 Consensus Price Target from Analysts

The Trade Desk, Inc. (NASDAQ:TTD) has received an average rating of “Moderate Buy” from the twenty-nine brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, twenty-three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $115.60.

TTD has been the topic of a number of recent research reports. 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. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Oppenheimer increased their price target on shares of Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Wolfe Research initiated coverage on shares of Trade Desk in a research report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price target on the stock.

Trade Desk Stock Down 0.8 %

Shares of TTD opened at $118.27 on Friday. The business’s 50-day moving average price is $110.78 and its 200-day moving average price is $99.72. Trade Desk has a twelve month low of $60.23 and a twelve month high of $123.85. The stock has a market cap of $58.14 billion, a PE ratio of 238.54, a P/E/G ratio of 5.78 and a beta of 1.47.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. Analysts expect that Trade Desk will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the sale, the director now directly owns 29,991 shares in the company, valued at approximately $3,269,019. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the sale, the director now owns 3,516 shares of the company’s stock, valued at $351,846.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock worth $170,121,565 over the last three months. 9.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. TRU Independence Asset Management 2 LLC purchased a new position in shares of Trade Desk during the 3rd quarter worth $353,000. Peregrine Asset Advisers Inc. purchased a new position in shares of Trade Desk during the 3rd quarter worth $3,800,000. Los Angeles Capital Management LLC boosted its stake in shares of Trade Desk by 54.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 532,487 shares of the technology company’s stock worth $58,387,000 after acquiring an additional 187,143 shares during the last quarter. Tyler Stone Wealth Management raised its position in shares of Trade Desk by 81.4% during the 3rd quarter. Tyler Stone Wealth Management now owns 5,356 shares of the technology company’s stock valued at $587,000 after purchasing an additional 2,403 shares during the period. Finally, Guerra Pan Advisors LLC bought a new stake in shares of Trade Desk during the 3rd quarter valued at $217,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

About Trade Desk

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.