Trade Desk (NASDAQ:TTD) Earns “Positive” Rating from Susquehanna

Susquehanna reaffirmed their positive rating on shares of Trade Desk (NASDAQ:TTD) in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a $150.00 target price on the technology company’s stock.

A number of other equities research analysts also recently issued reports on the stock. Citigroup boosted their target price on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. BTIG Research boosted their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial upped their price objective on Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 8th. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 target price on the stock. in a report on Tuesday, October 29th. Finally, Bank of America started coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Trade Desk Price Performance

TTD opened at $127.27 on Thursday. Trade Desk has a 12 month low of $61.47 and a 12 month high of $132.65. The business has a 50-day moving average of $116.45 and a two-hundred day moving average of $103.32. The stock has a market capitalization of $62.82 billion, a price-to-earnings ratio of 208.65, a price-to-earnings-growth ratio of 5.41 and a beta of 1.47.

Insider Activity at Trade Desk

In related news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were 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 owns 380,832 shares in the company, valued at $39,682,694.40. The trade was a 42.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,412,367 shares of company stock valued at $155,067,356 over the last ninety days. Corporate insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Several institutional investors have recently added to or reduced their stakes in the business. Venture Visionary Partners LLC boosted its holdings in shares of Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after buying an additional 4,296 shares during the period. Assetmark Inc. boosted its stake in Trade Desk by 2,461.2% in the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after acquiring an additional 70,687 shares during the period. Swiss National Bank grew its holdings in shares of Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after purchasing an additional 4,500 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Trade Desk by 5.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock worth $9,179,000 after purchasing an additional 5,148 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Trade Desk by 2.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 169,544 shares of the technology company’s stock worth $18,590,000 after purchasing an additional 3,846 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

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.