Trade Desk (NASDAQ:TTD) Given New $135.00 Price Target at Evercore ISI

Trade Desk (NASDAQ:TTD) had its target price raised by Evercore ISI from $110.00 to $135.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Evercore ISI’s price objective indicates a potential upside of 8.62% from the company’s current price.

Several other equities analysts have also commented on TTD. UBS Group increased their target price on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Loop Capital boosted their price objective on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Stifel Nicolaus raised their target price on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. KeyCorp lifted their target price on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Bank of America started coverage on Trade Desk in a report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.08.

Trade Desk Trading Up 0.3 %

TTD traded up $0.39 on Thursday, hitting $124.29. 819,878 shares of the company were exchanged, compared to its average volume of 3,831,562. The company has a market cap of $61.35 billion, a price-to-earnings ratio of 202.20, a price-to-earnings-growth ratio of 5.41 and a beta of 1.47. The firm has a 50-day moving average price of $116.45 and a two-hundred day moving average price of $103.32. Trade Desk has a twelve month low of $61.47 and a twelve month high of $132.65.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00. Following the sale, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at approximately $83,764,254.60. This trade represents a 20.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,412,367 shares of company stock worth $155,067,356. 9.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new position in shares of Trade Desk in the 2nd quarter valued at $30,000. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk in the second quarter valued at about $37,000. Avior Wealth Management LLC raised its holdings in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. Quarry LP acquired a new position in Trade Desk during the 2nd quarter worth approximately $41,000. Finally, Brown Lisle Cummings Inc. boosted its holdings in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors 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.