Analysts Set Trade Desk Inc (NASDAQ:TTD) PT at $231.19

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Trade Desk Inc (NASDAQ:TTD) has been given an average rating of “Buy” by the twenty research firms that are covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $226.13.

TTD has been the subject of several research analyst reports. Nomura upgraded Trade Desk from a “reduce” rating to a “neutral” rating and increased their target price for the stock from $165.00 to $175.00 in a research report on Thursday, September 26th. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $221.00 price target for the company in a research note on Saturday, October 26th. Royal Bank of Canada raised shares of Trade Desk from a “sector perform” rating to an “outperform” rating and set a $250.00 price objective for the company in a report on Thursday, October 10th. BidaskClub raised shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Finally, ValuEngine cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of Trade Desk stock traded down $26.59 during trading hours on Friday, hitting $236.75. The company’s stock had a trading volume of 1,528,258 shares, compared to its average volume of 1,598,214. The company has a market cap of $11.89 billion, a PE ratio of 123.31, a PEG ratio of 4.81 and a beta of 2.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 1.65. The business has a 50 day moving average price of $214.86 and a two-hundred day moving average price of $225.58. Trade Desk has a 12-month low of $102.35 and a 12-month high of $289.51.

In other Trade Desk news, CMO Susan Vobejda sold 730 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $260.00, for a total transaction of $189,800.00. Following the completion of the transaction, the chief marketing officer now owns 33,809 shares in the company, valued at $8,790,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 5,000 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $207.14, for a total transaction of $1,035,700.00. Following the transaction, the chief executive officer now owns 98,392 shares of the company’s stock, valued at approximately $20,380,918.88. The disclosure for this sale can be found here. Insiders have sold a total of 92,391 shares of company stock valued at $19,475,662 in the last 90 days. 17.44% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. grew its position in Trade Desk by 95.7% in the second quarter. Baillie Gifford & Co. now owns 2,518,927 shares of the technology company’s stock worth $573,761,000 after acquiring an additional 1,231,808 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Trade Desk by 72.6% during the second quarter. JPMorgan Chase & Co. now owns 2,227,743 shares of the technology company’s stock worth $515,613,000 after acquiring an additional 937,371 shares during the last quarter. Morgan Stanley increased its stake in Trade Desk by 431.8% during the second quarter. Morgan Stanley now owns 1,965,042 shares of the technology company’s stock worth $447,598,000 after acquiring an additional 1,595,529 shares during the last quarter. Invesco Ltd. raised its position in Trade Desk by 166.0% during the second quarter. Invesco Ltd. now owns 664,892 shares of the technology company’s stock valued at $151,449,000 after purchasing an additional 414,896 shares during the period. Finally, Allianz Asset Management GmbH raised its position in Trade Desk by 6.6% during the second quarter. Allianz Asset Management GmbH now owns 524,661 shares of the technology company’s stock valued at $119,508,000 after purchasing an additional 32,286 shares during the period. Hedge funds and other institutional investors own 66.48% of the company’s stock.

Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

Further Reading: Google Finance Portfolio

Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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