Trade Desk (NASDAQ:TTD) Upgraded to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Trade Desk (NASDAQ:TTD) from a hold rating to a buy rating in a research report report published on Thursday morning, Marketbeat.com reports. The brokerage currently has $105.00 target price on the technology company’s stock, up from their prior target price of $95.00.

Other research analysts have also issued reports about the stock. Oppenheimer boosted their price target on shares of Trade Desk from $85.00 to $105.00 and gave the stock an outperform rating in a research note on Friday, February 16th. Needham & Company LLC reiterated a buy rating and issued a $100.00 price target on shares of Trade Desk in a report on Thursday, March 21st. Royal Bank of Canada boosted their price objective on shares of Trade Desk from $90.00 to $105.00 and gave the stock an outperform rating in a report on Friday, February 16th. Piper Sandler lifted their price target on shares of Trade Desk from $80.00 to $105.00 and gave the company an overweight rating in a research report on Friday, February 16th. Finally, Wells Fargo & Company boosted their target price on Trade Desk from $73.00 to $80.00 and gave the stock an overweight rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $90.38.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $88.59 on Thursday. Trade Desk has a 12 month low of $60.23 and a 12 month high of $94.00. The stock has a market capitalization of $43.32 billion, a price-to-earnings ratio of 246.09, a PEG ratio of 4.88 and a beta of 1.50. The firm’s fifty day simple moving average is $83.69 and its 200-day simple moving average is $75.80.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. Analysts anticipate that Trade Desk will post 0.79 earnings per share for the current year.

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 15,006 shares of Trade Desk stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the sale, the insider now directly owns 52,387 shares in the company, valued at approximately $4,377,981.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Samantha Jacobson sold 15,006 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the sale, the insider now owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Insiders sold 642,170 shares of company stock worth $53,970,398 over the last ninety days. Corporate insiders own 10.18% of the company’s stock.

Institutional Trading of Trade Desk

Hedge funds have recently bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its position in shares of Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after purchasing an additional 163 shares in the last quarter. Riverview Trust Co bought a new position in Trade Desk during the first quarter valued at approximately $27,000. NBC Securities Inc. acquired a new stake in shares of Trade Desk in the third quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Trade Desk in the third quarter valued at approximately $26,000. Finally, Bogart Wealth LLC lifted its position in Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after acquiring an additional 222 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

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.