A number of other research analysts also recently issued reports on TTD. Jefferies Financial Group decreased their price target on shares of Trade Desk from $105.00 to $85.00 in a research note on Monday. KeyCorp cut their price objective on shares of Trade Desk from $102.00 to $90.00 and set an overweight rating on the stock in a report on Wednesday, April 20th. Susquehanna Bancshares cut their price objective on shares of Trade Desk from $125.00 to $95.00 in a report on Wednesday. Zacks Investment Research cut shares of Trade Desk from a hold rating to a sell rating in a report on Thursday, April 21st. Finally, StockNews.com assumed coverage on shares of Trade Desk in a report on Thursday, March 31st. They set a hold rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of $91.50.
Trade Desk stock opened at $43.34 on Wednesday. Trade Desk has a 12-month low of $39.39 and a 12-month high of $114.09. The stock has a market cap of $21.01 billion, a P/E ratio of 152.07, a PEG ratio of 11.17 and a beta of 2.15. The company has a 50-day moving average price of $63.37 and a 200 day moving average price of $77.17.
In other Trade Desk news, Director Eric B. Paley sold 7,500 shares of Trade Desk stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $83.16, for a total value of $623,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake Jeffrey Grayson sold 9,633 shares of Trade Desk stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $74.05, for a total transaction of $713,323.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,217 shares of company stock valued at $1,778,114. Company insiders own 10.79% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TTD. MUFG Americas Holdings Corp bought a new stake in Trade Desk in the fourth quarter valued at $26,000. Selective Wealth Management Inc. bought a new stake in Trade Desk in the fourth quarter valued at $27,000. Curi Wealth Management LLC bought a new stake in Trade Desk in the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. bought a new stake in Trade Desk in the fourth quarter valued at $27,000. Finally, Outfitter Financial LLC bought a new stake in Trade Desk in the fourth quarter valued at $32,000. 63.40% of the stock is owned by hedge funds and other institutional investors.
Trade Desk Company Profile (Get Rating)
Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.
- Get a free copy of the StockNews.com research report on Trade Desk (TTD)
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