The Trade Desk, Inc. (NASDAQ:TTD) Receives $124.66 Average Price Target from Analysts

The Trade Desk, Inc. (NASDAQ:TTD) has received an average recommendation of “Moderate Buy” from the thirty ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and twenty-five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $124.66.

Several research firms have weighed in on TTD. Wells Fargo & Company began coverage on shares of Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price on the stock. Royal Bank of Canada upped their price objective on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus upped their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. UBS Group upped their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $140.00 price objective (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th.

Insider Activity at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at $80,102,994.79. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock valued at $125,534,054 in the last ninety days. Insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

A number of large investors have recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in shares of Trade Desk in the 2nd quarter worth $30,000. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk in the 2nd quarter worth $37,000. Avior Wealth Management LLC lifted its stake 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 acquiring an additional 100 shares during the period. Quarry LP acquired a new stake in shares of Trade Desk in the 2nd quarter worth $41,000. Finally, Brown Lisle Cummings Inc. lifted its stake in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $128.55 on Wednesday. The firm has a market capitalization of $63.45 billion, a price-to-earnings ratio of 210.08, a PEG ratio of 5.81 and a beta of 1.47. The company’s 50-day moving average is $119.08 and its two-hundred day moving average is $104.88. Trade Desk has a 1-year low of $61.47 and a 1-year high of $132.65.

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.