The Trade Desk, Inc. (NASDAQ:TTD) Given Average Recommendation of “Moderate Buy” by Analysts

The Trade Desk, Inc. (NASDAQ:TTD) has been given a consensus rating of “Moderate Buy” by the thirty ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and twenty-five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $124.66.

A number of equities analysts recently commented on the company. UBS Group increased their price target on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC increased their target price on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Susquehanna restated a “positive” rating and issued a $150.00 price target on shares of Trade Desk in a research report on Thursday, November 21st. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th.

Trade Desk Stock Down 0.3 %

TTD opened at $128.98 on Wednesday. The company has a market capitalization of $63.66 billion, a PE ratio of 211.44, a price-to-earnings-growth ratio of 5.88 and a beta of 1.47. The firm has a 50-day simple moving average of $117.86 and a two-hundred day simple moving average of $104.26. Trade Desk has a 52 week low of $61.47 and a 52 week high of $132.65.

Insider Transactions at Trade Desk

In related news, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $80,102,994.79. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the sale, the chief executive officer now directly owns 565,180 shares in the company, valued at approximately $61,423,762.40. This represents a 26.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last 90 days. Insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TTD. Venture Visionary Partners LLC raised its holdings in shares of Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after purchasing an additional 4,296 shares during the last quarter. Ithaka Group LLC raised its stake in shares of Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after buying an additional 4,836 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after buying an additional 70,687 shares during the period. Swiss National Bank lifted its holdings in shares of Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after buying an additional 4,500 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Trade Desk by 5.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock worth $9,179,000 after buying an additional 5,148 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

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.