The Trade Desk, Inc. (NASDAQ:TTD) Receives $88.93 Average PT from Analysts

The Trade Desk, Inc. (NASDAQ:TTD) has been given a consensus recommendation of “Moderate Buy” by the twenty-six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $89.75.

TTD has been the subject of several research analyst reports. BMO Capital Markets raised their price objective on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Wells Fargo & Company raised their price objective on Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Piper Sandler raised their target price on Trade Desk from $80.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Trade Desk in a report on Thursday, March 21st.

Trade Desk Trading Up 0.2 %

Shares of TTD stock opened at $87.42 on Friday. Trade Desk has a twelve month low of $57.17 and a twelve month high of $94.00. The stock has a market capitalization of $42.74 billion, a price-to-earnings ratio of 242.84, a P/E/G ratio of 4.80 and a beta of 1.50. The stock has a fifty day simple moving average of $78.02 and a two-hundred day simple moving average of $75.11.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The firm had revenue of $605.80 million during the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. Research analysts predict that Trade Desk will post 0.79 EPS for the current fiscal year.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total value of $188,217.24. Following the transaction, the director now directly owns 36,312 shares of the company’s stock, valued at approximately $2,278,941.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares in the company, valued at $12,515,756.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 2,999 shares of Trade Desk stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total value of $188,217.24. Following the sale, the director now directly owns 36,312 shares in the company, valued at approximately $2,278,941.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 426,562 shares of company stock worth $35,446,258. 10.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Trade Desk in the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in Trade Desk during the 3rd quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new position in Trade Desk during the 3rd quarter worth $29,000. Main Street Group LTD acquired a new position in Trade Desk during the 4th quarter worth $29,000. Finally, MUFG Americas Holdings Corp acquired a new position in Trade Desk during the 3rd quarter worth $30,000. 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.