Trade Desk (NASDAQ:TTD) Price Target Increased to $135.00 by Analysts at Susquehanna

Trade Desk (NASDAQ:TTD) had its price objective upped by investment analysts at Susquehanna from $110.00 to $135.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “positive” rating on the technology company’s stock. Susquehanna’s price objective would suggest a potential upside of 35.95% from the stock’s previous close.

TTD has been the topic of several other research reports. Loop Capital boosted their price target on Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Citigroup boosted their price target on Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Stifel Nicolaus upped their price objective on Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Oppenheimer upped their price objective on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.51.

Trade Desk Stock Performance

Shares of NASDAQ:TTD traded up $11.03 during trading on Friday, hitting $99.30. The company’s stock had a trading volume of 13,299,325 shares, compared to its average volume of 4,207,968. Trade Desk has a fifty-two week low of $60.23 and a fifty-two week high of $102.67. The stock’s 50-day moving average price is $95.34 and its two-hundred day moving average price is $87.40. The company has a market capitalization of $48.57 billion, a PE ratio of 248.26, a PEG ratio of 4.34 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The business had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $480.03 million. On average, equities analysts predict that Trade Desk will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the completion of the transaction, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the transaction, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The disclosure for this sale can be found here. Insiders sold 213,909 shares of company stock valued at $20,827,601 in the last three months. 10.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently modified their holdings of TTD. Jennison Associates LLC lifted its position in shares of Trade Desk by 91.7% during the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after acquiring an additional 6,978,352 shares during the last quarter. Norges Bank acquired a new stake in shares of Trade Desk during the 4th quarter valued at $255,316,000. 1832 Asset Management L.P. acquired a new stake in shares of Trade Desk during the 1st quarter valued at $225,710,000. Vanguard Group Inc. lifted its position in shares of Trade Desk by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after acquiring an additional 818,568 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Trade Desk by 81.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,465,701 shares of the technology company’s stock valued at $105,472,000 after acquiring an additional 659,337 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

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.