Susquehanna Raises Trade Desk (NASDAQ:TTD) Price Target to $150.00

Trade Desk (NASDAQ:TTD) had its price target raised by Susquehanna from $135.00 to $150.00 in a report released on Friday,Benzinga reports. Susquehanna currently has a positive rating on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus lifted their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Benchmark reaffirmed a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday. Piper Sandler restated an “overweight” rating and issued a $140.00 price target (up from $110.00) on shares of Trade Desk in a research report on Friday. Truist Financial upped their target price on Trade Desk from $108.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Loop Capital boosted their price target on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $120.69.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $125.13 on Friday. Trade Desk has a 1 year low of $60.23 and a 1 year high of $132.65. The company has a 50 day simple moving average of $112.83 and a 200-day simple moving average of $101.27. The company has a market capitalization of $61.51 billion, a P/E ratio of 205.13, a P/E/G ratio of 6.02 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 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a return on equity of 13.73% and a net margin of 13.34%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS. As a group, research analysts expect that Trade Desk will post 0.86 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the sale, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $68,930,351.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,557,897 shares of company stock worth $170,121,565. Corporate insiders own 9.72% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently made changes to their positions in TTD. Venture Visionary Partners LLC grew its position in shares of Trade Desk by 33.0% during the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 4,296 shares during the period. Sei Investments Co. increased its stake in Trade Desk by 16.3% during the 1st quarter. Sei Investments Co. now owns 246,188 shares of the technology company’s stock worth $21,521,000 after buying an additional 34,520 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Trade Desk by 5.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock worth $9,179,000 after purchasing an additional 5,148 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Trade Desk by 61.2% in the 1st quarter. Blair William & Co. IL now owns 15,525 shares of the technology company’s stock valued at $1,357,000 after purchasing an additional 5,893 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Trade Desk by 12.1% in the 1st quarter. Russell Investments Group Ltd. now owns 144,350 shares of the technology company’s stock worth $12,608,000 after buying an additional 15,550 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

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.