The Trade Desk, Inc. (NASDAQ:TTD) Receives Average Recommendation of “Moderate Buy” from Analysts

The Trade Desk, Inc. (NASDAQ:TTD) has received a consensus recommendation of “Moderate Buy” from the twenty-nine brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, twenty-four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $109.05.

A number of equities analysts recently weighed in on TTD shares. Truist Financial increased their price target on Trade Desk from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Cantor Fitzgerald initiated coverage on Trade Desk in a research note on Thursday, September 5th. They issued a “neutral” rating and a $110.00 price objective for the company. Susquehanna increased their price objective on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Loop Capital increased their price objective on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, Wolfe Research started coverage on Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price objective for the company.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now directly owns 380,832 shares in the company, valued at $39,682,694.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the transaction, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The disclosure for this sale can be found here. Insiders have sold 596,748 shares of company stock valued at $61,010,053 in the last 90 days. 10.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Pinnacle Bancorp Inc. lifted its holdings in shares of Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after acquiring an additional 163 shares during the period. Riverview Trust Co bought a new position in shares of Trade Desk in the first quarter valued at about $27,000. Bogart Wealth LLC raised its holdings in shares of Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after buying an additional 222 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Trade Desk in the second quarter valued at about $30,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after buying an additional 418 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of TTD opened at $110.14 on Friday. The firm has a market capitalization of $54.14 billion, a price-to-earnings ratio of 275.36, a price-to-earnings-growth ratio of 5.07 and a beta of 1.48. Trade Desk has a one year low of $60.23 and a one year high of $111.80. The stock’s fifty day moving average is $98.55 and its 200-day moving average is $92.74.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s quarterly revenue was up 25.9% on a year-over-year basis. Analysts forecast that Trade Desk will post 0.86 EPS for the current fiscal year.

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.