Trade Desk’s (TTD) “Positive” Rating Reiterated at Susquehanna

Trade Desk (NASDAQ:TTD)‘s stock had its “positive” rating reiterated by equities researchers at Susquehanna in a research note issued to investors on Thursday,Benzinga reports. They currently have a $150.00 target price on the technology company’s stock. Susquehanna’s target price suggests a potential upside of 15.65% from the company’s current price.

A number of other analysts have also recently commented on TTD. DA Davidson upped their price target on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC increased their target price on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Robert W. Baird lifted their price target on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Loop Capital boosted their target price on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada increased their price target on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.66.

Trade Desk Trading Up 1.8 %

NASDAQ:TTD opened at $129.70 on Thursday. Trade Desk has a 12 month low of $61.47 and a 12 month high of $132.65. The firm’s 50 day moving average is $116.90 and its 200 day moving average is $103.48. The stock has a market capitalization of $64.02 billion, a PE ratio of 212.62, a price-to-earnings-growth ratio of 5.41 and a beta of 1.47.

Insider Activity at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the sale, the director now directly owns 29,991 shares in the company, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was 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 directly owns 178,853 shares in the company, valued at $19,432,378.45. The trade was a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,412,367 shares of company stock valued at $155,067,356 over the last 90 days. Corporate insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TTD. Transcendent Capital Group LLC purchased a new stake in Trade Desk in the 2nd quarter worth $30,000. Avior Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 100 shares in the last quarter. JFS Wealth Advisors LLC increased its position in Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after purchasing an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. raised its position in shares of 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. Finally, EdgeRock Capital LLC bought a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $37,000. Institutional investors own 67.77% of the company’s stock.

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.