Oppenheimer Boosts Trade Desk (NASDAQ:TTD) Price Target to $120.00

Trade Desk (NASDAQ:TTD) had its price target increased by Oppenheimer from $105.00 to $120.00 in a report published on Monday, MarketBeat Ratings reports. The firm currently has an outperform rating on the technology company’s stock.

Other equities analysts have also issued reports about the stock. Wedbush initiated coverage on shares of Trade Desk in a research report on Monday, June 17th. They set an outperform rating and a $110.00 target price on the stock. Citigroup raised their target price on shares of Trade Desk from $110.00 to $112.00 and gave the stock a buy rating in a research report on Thursday, May 9th. Truist Financial reaffirmed a buy rating and set a $105.00 price target on shares of Trade Desk in a report on Thursday, May 16th. DA Davidson increased their price target on Trade Desk from $95.00 to $104.00 and gave the stock a buy rating in a report on Thursday, May 9th. Finally, Susquehanna reaffirmed a positive rating and set a $110.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $95.08.

Trade Desk Stock Down 5.7 %

Shares of Trade Desk stock opened at $95.24 on Monday. The firm has a market capitalization of $46.58 billion, a P/E ratio of 238.11, a P/E/G ratio of 5.13 and a beta of 1.48. Trade Desk has a 52 week low of $60.23 and a 52 week high of $102.67. The firm’s 50 day moving average is $95.87 and its two-hundred day moving average is $84.65.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. As a group, research analysts expect that Trade Desk will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $95.38, for a total value of $4,168,582.90. Following the completion of the sale, the chief financial officer now owns 703,038 shares in the company, valued at approximately $67,055,764.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the completion of the sale, the chief executive officer now owns 824,022 shares in the company, valued at approximately $69,605,138.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the sale, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The disclosure for this sale can be found here. Insiders sold 362,554 shares of company stock worth $33,414,310 in the last 90 days. 10.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trade Desk

Several large investors have recently made changes to their positions in TTD. Pinnacle Bancorp Inc. increased its position in shares of Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after acquiring an additional 163 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Trade Desk in the first quarter worth $27,000. Bogart Wealth LLC increased its position in shares of Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after acquiring an additional 222 shares in the last quarter. Level Financial Advisors Inc. increased its position in shares of Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after acquiring an additional 418 shares in the last quarter. Institutional investors and hedge funds 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.