The Trade Desk, Inc. (NASDAQ:TTD) Given Consensus Rating of “Moderate Buy” by Brokerages

The Trade Desk, Inc. (NASDAQ:TTD) has earned an average recommendation of “Moderate Buy” from the thirty ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $127.07.

Several equities research analysts have recently weighed in on TTD shares. BTIG Research upped their target price on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Needham & Company LLC upped their price target on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus lifted their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Evercore ISI upped their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Susquehanna reaffirmed a “positive” rating and set a $150.00 price target on shares of Trade Desk in a report on Thursday, November 21st.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated 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 directly owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $108.65, for a total transaction 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. This trade represents a 10.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 527,583 shares of company stock worth $59,648,359 over the last ninety days. Company insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC boosted its position 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 acquiring an additional 100 shares during the period. Quarry LP bought a new stake in shares of Trade Desk during the second quarter valued at about $41,000. Brown Lisle Cummings Inc. lifted its holdings in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the period. JFS Wealth Advisors LLC grew its position in Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in Trade Desk during the 3rd quarter valued at about $51,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Down 1.7 %

Shares of Trade Desk stock opened at $121.39 on Friday. Trade Desk has a twelve month low of $61.47 and a twelve month high of $141.53. The stock has a market cap of $59.91 billion, a price-to-earnings ratio of 199.00, a price-to-earnings-growth ratio of 6.00 and a beta of 1.43. The company has a fifty day moving average price of $126.51 and a 200 day moving average price of $110.29.

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.