KeyCorp Boosts Trade Desk (NASDAQ:TTD) Price Target to $130.00

Trade Desk (NASDAQ:TTD) had its target price raised by KeyCorp from $115.00 to $130.00 in a research report report published on Wednesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

TTD has been the topic of a number of other reports. Citigroup lifted their price objective on shares of Trade Desk from $112.00 to $115.00 and gave the company a buy rating in a report on Friday, August 9th. Wolfe Research began coverage on shares of Trade Desk in a report on Tuesday, July 16th. They issued an outperform rating and a $115.00 price objective on the stock. Oppenheimer lifted their price objective on shares of Trade Desk from $105.00 to $120.00 and gave the company an outperform rating in a report on Monday, July 15th. Macquarie restated an outperform rating and set a $115.00 target price on shares of Trade Desk in a report on Friday, August 9th. Finally, Benchmark upped their price target on shares of Trade Desk from $49.00 to $57.00 and gave the stock a sell rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $111.05.

Trade Desk Stock Performance

Shares of TTD stock opened at $117.90 on Wednesday. The company has a market capitalization of $57.96 billion, a P/E ratio of 235.80, a price-to-earnings-growth ratio of 5.57 and a beta of 1.48. The company’s 50 day moving average price is $104.17 and its two-hundred day moving average price is $96.13. Trade Desk has a 52 week low of $60.23 and a 52 week high of $118.34.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. During the same period last year, the company earned $0.07 earnings per share. The firm’s revenue was up 25.9% compared to the same quarter last year. Analysts forecast that Trade Desk will post 0.86 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 80,649 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the transaction, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at approximately $846,615. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jeffrey Terry Green sold 80,649 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the transaction, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at approximately $846,615. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,557,897 shares of company stock valued at $170,095,115. 9.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trade Desk

Hedge funds have recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its holdings in Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares during the period. Riverview Trust Co bought a new position in Trade Desk in the 1st quarter valued at about $27,000. Transcendent Capital Group LLC bought a new position in Trade Desk in the 2nd quarter valued at about $30,000. EdgeRock Capital LLC bought a new position in Trade Desk in the 2nd quarter valued at about $37,000. Finally, Quarry LP bought a new stake in shares of Trade Desk during the 2nd quarter valued at approximately $41,000. 67.77% of the stock is owned by institutional investors.

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.