Trade Desk (NASDAQ:TTD) Given New $135.00 Price Target at Evercore ISI

Trade Desk (NASDAQ:TTD) had its target price hoisted by stock analysts at Evercore ISI from $110.00 to $135.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Evercore ISI’s price objective points to a potential upside of 4.09% from the stock’s current price.

A number of other brokerages have also recently commented on TTD. StockNews.com upgraded Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Oppenheimer increased their target price on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a report on Monday, October 7th. DA Davidson upped their price objective on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Citigroup lifted their target price on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.66.

Trade Desk Trading Up 1.8 %

TTD opened at $129.70 on Thursday. The company has a market cap of $64.02 billion, a P/E ratio of 212.62, a PEG ratio of 5.41 and a beta of 1.47. The company’s 50 day moving average is $116.90 and its 200-day moving average is $103.48. Trade Desk has a 1-year low of $61.47 and a 1-year high of $132.65.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the transaction, the chief executive officer now owns 765,180 shares in the company, valued at approximately $83,764,254.60. This represents a 20.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 20,579 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the transaction, the insider now owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. The trade was a 10.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,412,367 shares of company stock worth $155,067,356. 9.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Transcendent Capital Group LLC bought a new stake in Trade Desk during the second quarter worth about $30,000. EdgeRock Capital LLC purchased a new position in shares of Trade Desk during the second quarter valued at approximately $37,000. Avior Wealth Management LLC boosted its position in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Quarry LP purchased a new stake in shares of Trade Desk in the 2nd quarter worth approximately $41,000. Finally, Brown Lisle Cummings Inc. increased its position in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

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.