Susquehanna Increases Trade Desk (NASDAQ:TTD) Price Target to $135.00

Trade Desk (NASDAQ:TTD) had its target price lifted by Susquehanna from $110.00 to $135.00 in a report released on Friday, Benzinga reports. Susquehanna currently has a positive rating on the technology company’s stock.

A number of other analysts also recently commented on TTD. Wolfe Research initiated coverage on shares of Trade Desk in a research report on Tuesday, July 16th. They set an outperform rating and a $115.00 price target on the stock. Oppenheimer boosted their price target on shares of Trade Desk from $105.00 to $120.00 and gave the stock an outperform rating in a research report on Monday, July 15th. Loop Capital boosted their price target on shares of Trade Desk from $102.00 to $109.00 and gave the stock a buy rating in a research report on Thursday, May 16th. BMO Capital Markets restated an outperform rating and set a $108.00 price target (up from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Finally, Needham & Company LLC restated a buy rating and set a $100.00 price target on shares of Trade Desk in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Trade Desk has an average rating of Moderate Buy and an average target price of $107.26.

Trade Desk Stock Down 2.3 %

Shares of NASDAQ:TTD opened at $97.04 on Friday. The company has a market cap of $47.47 billion, a PE ratio of 242.61, a P/E/G ratio of 5.09 and a beta of 1.48. The company’s 50-day moving average price is $95.42 and its 200 day moving average price is $87.72. Trade Desk has a fifty-two week low of $60.23 and a fifty-two week high of $102.67.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted $0.07 EPS. As a group, equities analysts anticipate that Trade Desk will post 0.85 EPS for the current year.

Insider Activity at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were 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 directly owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were 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 directly owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the sale, the director now directly owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,909 shares of company stock valued at $20,827,601. Corporate insiders own 10.18% of the company’s stock.

Institutional Trading of Trade Desk

Several large investors have recently modified their holdings of the company. Apella Capital LLC boosted its holdings in shares of Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after buying an additional 100 shares during the period. Wealth Alliance boosted its holdings in shares of Trade Desk by 0.6% during the 2nd quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after buying an additional 106 shares during the period. RFP Financial Group LLC boosted its holdings in shares of Trade Desk by 26.4% during the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock worth $54,000 after buying an additional 116 shares during the period. HBK Sorce Advisory LLC boosted its holdings in shares of Trade Desk by 2.0% during the 2nd quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock worth $612,000 after buying an additional 125 shares during the period. Finally, Diversify Advisory Services LLC boosted its holdings in shares of Trade Desk by 4.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock worth $297,000 after buying an additional 127 shares during the period. 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.