Brokerages Set The Trade Desk, Inc. (NASDAQ:TTD) PT at $124.66

The Trade Desk, Inc. (NASDAQ:TTD) has earned a consensus recommendation of “Moderate Buy” from the thirty ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and twenty-five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $124.66.

TTD has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Susquehanna restated a “positive” rating and set a $150.00 price target on shares of Trade Desk in a research note on Thursday, November 21st. Wedbush upped their price target on Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Oppenheimer increased their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, KeyCorp raised their price target on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the transaction, the chief executive officer now owns 565,180 shares in the company, valued at approximately $61,423,762.40. This trade represents a 26.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on 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 transaction, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock worth $125,534,054 in the last three months. 9.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC acquired a new position in Trade Desk during the 2nd quarter worth $30,000. EdgeRock Capital LLC acquired a new position in Trade Desk during the 2nd quarter worth $37,000. Avior Wealth Management LLC boosted its position in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the period. Quarry LP acquired a new position in Trade Desk during the 2nd quarter worth $41,000. Finally, Brown Lisle Cummings Inc. boosted its position in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 0.3 %

Shares of TTD opened at $128.55 on Wednesday. The stock has a 50 day moving average price of $119.46 and a 200 day moving average price of $105.30. The company has a market capitalization of $63.45 billion, a price-to-earnings ratio of 210.74, a price-to-earnings-growth ratio of 5.83 and a beta of 1.47. Trade Desk has a 52-week low of $61.47 and a 52-week high of $132.65.

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.