Trade Desk (NASDAQ:TTD) Stock Price Expected to Rise, Truist Financial Analyst Says

Trade Desk (NASDAQ:TTD) had its target price boosted by Truist Financial from $135.00 to $155.00 in a report released on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the technology company’s stock.

TTD has been the topic of a number of other research reports. Benchmark reissued a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. UBS Group boosted their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Loop Capital raised their target price on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. Susquehanna reissued a “positive” rating and set a $150.00 price target on shares of Trade Desk in a report on Thursday, November 21st. Finally, Scotiabank began coverage on Trade Desk in a research note on Thursday, December 5th. They set a “sector perform” rating and a $133.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.07.

Trade Desk Stock Performance

TTD stock opened at $126.23 on Tuesday. Trade Desk has a 52 week low of $61.47 and a 52 week high of $141.53. The company’s 50-day simple moving average is $125.66 and its 200 day simple moving average is $108.98. The company has a market capitalization of $62.30 billion, a PE ratio of 206.93, a price-to-earnings-growth ratio of 6.00 and a beta of 1.43.

Insider Activity at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was 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 owns 29,991 shares in the company, valued at $3,269,019. The trade was a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the completion of the transaction, the chief executive officer now directly owns 565,180 shares in the company, valued at $61,423,762.40. This trade represents a 26.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 928,938 shares of company stock worth $103,640,054 in the last 90 days. Corporate insiders own 9.72% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ithaka Group LLC increased its holdings in Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after buying an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC increased its stake in shares of Trade Desk by 33.0% during the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after purchasing an additional 4,296 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after purchasing an additional 70,687 shares during the period. Swiss National Bank lifted its stake in Trade Desk by 0.3% in the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after purchasing an additional 4,500 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Trade Desk by 3.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock valued at $231,294,000 after purchasing an additional 68,206 shares during the period. Hedge funds and other institutional investors 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.