UBS Group Forecasts Strong Price Appreciation for Trade Desk (NASDAQ:TTD) Stock

Trade Desk (NASDAQ:TTD) had its price objective lifted by UBS Group from $140.00 to $150.00 in a research report sent to investors on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the company. Macquarie increased their price target on Trade Desk from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Loop Capital raised their target price on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. StockNews.com raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Truist Financial lifted their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley upped their target price on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average target price of $122.65.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $129.34 on Friday. Trade Desk has a 52-week low of $61.47 and a 52-week high of $132.65. The firm has a market capitalization of $63.58 billion, a price-to-earnings ratio of 212.03, a PEG ratio of 6.02 and a beta of 1.47. The stock has a 50 day moving average price of $113.32 and a 200 day moving average price of $101.59.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now owns 29,991 shares in the company, valued at $3,269,019. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Laura Schenkein sold 3,130 shares of Trade Desk stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the transaction, the chief financial officer now owns 693,953 shares in the company, valued at $68,930,351.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,557,897 shares of company stock worth $170,121,565. Company insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

A number of large investors have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC acquired a new position in shares of Trade Desk during the 2nd quarter worth about $30,000. EdgeRock Capital LLC acquired a new stake in Trade Desk in the 2nd quarter worth about $37,000. Avior Wealth Management LLC increased its stake in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares in the last quarter. Quarry LP acquired a new position in shares of Trade Desk during the second quarter valued at approximately $41,000. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.