The Trade Desk, Inc. (NASDAQ:TTD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Trade Desk, Inc. (NASDAQ:TTD) have received a consensus rating of “Moderate Buy” from the twenty-nine ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $109.05.

TTD has been the topic of several analyst reports. Truist Financial increased their price target on shares of Trade Desk from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. KeyCorp raised their target price on Trade Desk from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Citigroup upped their price target on Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Piper Sandler reissued an “overweight” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Tuesday, June 11th. Finally, Wolfe Research began coverage on Trade Desk in a report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 target price for the company.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at $39,682,694.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 599,163 shares of company stock worth $61,246,529. Company insiders own 10.18% 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 the company. Pinnacle Bancorp Inc. increased its position in 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 purchasing an additional 163 shares during the period. Riverview Trust Co acquired a new stake in shares of Trade Desk during the 1st quarter worth approximately $27,000. Bogart Wealth LLC raised its stake in shares of Trade Desk by 194.7% during the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after buying an additional 222 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Trade Desk in the second quarter valued at approximately $30,000. Finally, Jones Financial Companies Lllp boosted its stake in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after acquiring an additional 418 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Up 0.4 %

TTD stock opened at $105.84 on Friday. The company has a 50 day moving average of $98.07 and a two-hundred day moving average of $92.36. The company has a market cap of $51.77 billion, a price-to-earnings ratio of 265.08, a PEG ratio of 5.03 and a beta of 1.48. Trade Desk has a 12-month low of $60.23 and a 12-month high of $107.64.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business 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 revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. On average, research analysts anticipate that Trade Desk will post 0.86 EPS for the current year.

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.