Trade Desk (NASDAQ:TTD) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Trade Desk (NASDAQ:TTD) had its target price upped by research analysts at BMO Capital Markets from $125.00 to $160.00 in a research note issued on Wednesday, MarketBeat.com reports. The firm presently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price target points to a potential upside of 32.41% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. BTIG Research upped their price target on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Susquehanna reiterated a “positive” rating and issued a $150.00 price target on shares of Trade Desk in a research report on Thursday, November 21st. Benchmark reissued a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. Finally, Truist Financial upped their target price on Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $132.55.

Trade Desk Stock Up 1.0 %

Shares of NASDAQ TTD opened at $120.84 on Wednesday. The company has a market cap of $59.64 billion, a PE ratio of 198.10, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45. Trade Desk has a twelve month low of $61.47 and a twelve month high of $141.53. The business’s 50 day moving average price is $126.31 and its two-hundred day moving average price is $112.51.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trade Desk

Large investors have recently modified their holdings of the company. Ithaka Group LLC raised its holdings in Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after buying an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in shares of Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after buying an additional 4,296 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after acquiring an additional 358,350 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares during the last quarter. Finally, Swiss National Bank lifted its position in Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after acquiring an additional 4,500 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.