Trade Desk (NASDAQ:TTD) Price Target Raised to $104.00 at DA Davidson

Trade Desk (NASDAQ:TTDGet Free Report) had its target price increased by investment analysts at DA Davidson from $95.00 to $104.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. DA Davidson’s price target indicates a potential upside of 19.18% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $108.00 price objective (up from $107.00) on shares of Trade Desk in a research note on Thursday. Stephens reiterated an “overweight” rating and issued a $85.00 target price on shares of Trade Desk in a report on Friday, February 16th. Susquehanna boosted their price target on shares of Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a report on Friday, February 16th. Finally, Jefferies Financial Group upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $105.00 in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.22.

Check Out Our Latest Research Report on Trade Desk

Trade Desk Stock Down 1.6 %

Shares of TTD stock opened at $87.26 on Thursday. The stock has a 50-day simple moving average of $84.11 and a 200 day simple moving average of $76.27. The stock has a market capitalization of $42.66 billion, a P/E ratio of 242.40, a P/E/G ratio of 5.04 and a beta of 1.50. Trade Desk has a fifty-two week low of $60.23 and a fifty-two week high of $94.00.

Trade Desk (NASDAQ:TTDGet Free Report) last released its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The business had revenue of $605.80 million during the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. On average, sell-side analysts anticipate that Trade Desk will post 0.79 earnings per share for the current year.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of 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 legal filing 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 firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now directly owns 139,794 shares in the company, valued at approximately $12,515,756.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathryn E. Falberg sold 103,030 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the transaction, the director now owns 242,609 shares in the company, valued at approximately $19,869,677.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 642,170 shares of company stock worth $53,970,398. 10.18% of the stock is owned by insiders.

Institutional Trading of Trade Desk

Several institutional investors have recently modified their holdings of the company. 9258 Wealth Management LLC lifted its stake in Trade Desk by 2.2% during the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock worth $476,000 after purchasing an additional 131 shares during the period. Latitude Advisors LLC lifted its position in shares of Trade Desk by 5.0% during the 3rd quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock worth $220,000 after buying an additional 133 shares during the period. Csenge Advisory Group boosted its stake in Trade Desk by 1.8% in the 1st quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock valued at $688,000 after buying an additional 141 shares in the last quarter. Level Financial Advisors Inc. grew its position in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its stake in Trade Desk by 1.6% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock worth $669,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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