Trade Desk (NASDAQ:TTD) PT Raised to $130.00 at KeyCorp

Trade Desk (NASDAQ:TTD) had its target price boosted by analysts at KeyCorp from $115.00 to $130.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. KeyCorp’s target price would suggest a potential upside of 12.35% from the stock’s previous close.

TTD has been the topic of a number of other reports. Truist Financial boosted their target price on Trade Desk from $108.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Oppenheimer boosted their price objective on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Citigroup raised their target price on shares of Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Royal Bank of Canada boosted their price target on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, StockNews.com raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $110.47.

Trade Desk Price Performance

TTD stock opened at $115.71 on Wednesday. The firm has a market cap of $56.60 billion, a price-to-earnings ratio of 289.28, a PEG ratio of 5.44 and a beta of 1.48. Trade Desk has a 1-year low of $60.23 and a 1-year high of $116.59. The firm has a fifty day moving average price of $103.48 and a two-hundred day moving average price of $95.86.

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

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the completion of the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at $68,897,150.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the transaction, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,452,248 shares of company stock worth $157,894,406 over the last ninety days. Corporate insiders own 10.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TTD. Koshinski Asset Management Inc. purchased a new position in shares of Trade Desk during the 3rd quarter worth about $213,000. Annex Advisory Services LLC purchased a new position in shares of Trade Desk during the third quarter valued at approximately $210,000. Inspire Investing LLC bought a new position in shares of Trade Desk during the third quarter valued at approximately $2,245,000. Arbor Wealth Advisors LLC purchased a new stake in shares of Trade Desk in the third quarter worth approximately $223,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Trade Desk by 258.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,405 shares of the technology company’s stock worth $373,000 after buying an additional 2,456 shares during the period. 67.77% of the stock is owned by hedge funds and other 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.